Non-Agency Offsets Stumble in Fannie/Freddie Jumbo Market March 10, 2022 John Bancroft The conforming-jumbo business saw a modest setback in 2021...Read More
Fifth Circuit Remands Collins GSE Case to District Court March 10, 2022 Dennis Hollier The five dissenting judges were even more skeptical, arguing that a remand was unnecessary...Read More
COVID-Era Non-QM Delinquencies? Never Mind... March 10, 2022 Brandon Ivey dv01 looked at loan-level performance data for 1,610 non-QMs with an unpaid principal balance of nearly $800 million...Read More
Advisory Firm Sets Auction of Fannie/Freddie Product March 10, 2022 Paul Muolo The portfolio has estimated average escrow balances of $17.7 million.Read More
An Interesting Twist: Non-Agency MBS Issuers Stocking Deals with Ginnie EBOs March 9, 2022 Brandon Ivey Issuers are packaging primarily delinquent FHA mortgages into non-agency securities...Read More
Applications Rise Nicely but Don’t Get Used to It March 9, 2022 Paul Muolo As one veteran warehouse manager put it: “We’re sucking wind, like everyone else.”Read More
Ginnie Issuance Down as Refi Boom Wanes March 9, 2022 The top three Ginnie issuers in February: PennyMac Financial, Lakeview and Rocket Mortgage...Read More
Expanded-Credit MBS Issuance Picking Up March 9, 2022 Brandon Ivey Issuance of expanded-credit MBS slowed as spreads widened and interest rates increased...Read More
A Major Layoff in the Works at Better.com March 8, 2022 Among all originators, Better.com ranked 17th in 2021, according to Inside Mortgage Finance...Read More
Nonprime Servicers Expand Portfolios in 2021 March 8, 2022 Brandon Ivey Select Portfolio Servicing remained the largest nonprime servicer at yearend with estimated balances of $133.0 billion...Read More
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