NewRez Turns to Securitization Market for Warehouse Financing April 27, 2021 Brandon Ivey NewRez had $4.3 billion of loan funding capacity across nine warehouse credit facilities prior to the securitization.Read More
Housing Disparity? HUD Secretary Blames HUD, In Part April 26, 2021 Maria Volkova HUD Secretary Marcia Fudge: "The lift is heavy. Black homeownership is less than it was when the Fair Housing Act was passed in 1968 and the percentage of minorities who own homes is a disgrace to the nation.” Read More
New Top Lender (GR) Emerges in Prime Non-Agency MBS in 1Q21 April 26, 2021 Brandon Ivey United Wholesale Mortgage ceded the top spot after it stopped originating jumbos in March 2020 due to volatility from the coronavirus. Read More
NYCB Moves to Swallow a Big Mortgage Fish: Flagstar April 26, 2021 Paul Muolo Interestingly, NYCB, which reduced its presence in home lending long ago, will now be a major player once again.Read More
Citi Resumes Aggregating Jumbos for MBS Issuance April 26, 2021 Brandon Ivey Citi started issuing expanded-credit MBS in 2020 but hasn't come to market with a jumbo deal since 2014. Read More
Plush with Stunning Profits, Mortgage Firms Boost Donations April 23, 2021 Lisa Burden Lenders both large and small are giving back to their communities. Credit the refi boom of 2020?Read More
For Sale: A Rare Ginnie Package. More MSRs to Come? April 23, 2021 Paul Muolo A thaw is in the air when it comes to auctioning off Ginnie Mae servicing rights...Read More
1Q21 ABS Issuance Spikes 87% as COVID Recovery Takes Hold April 23, 2021 John Bancroft Driving the improvement (no pun intended): the auto lending and leasing sector.Read More
Mortgage IPO Window Closed? Not for Tech Disruptors... April 23, 2021 Paul Muolo For now, Blend's IPO documents are confidential. But eventually its financials will hit the street. Read More
Calabria Acknowledges ‘Pinch’ on NOO/Second-Home Market Caused by Reg Change April 22, 2021 Dennis Hollier FHFA chief Mark Calabria: “The reality is that, in the short run, there will be a pinch on the market, if you will."Read More