JPMorgan Chase Packing Prime Loans into its First Non-QM MBS April 9, 2019 Brandon Ivey All of the mortgages were originated by Chase, predominantly through the correspondent channel...Read More
Look Who’s Gaining in the Agency Market: Loan Brokers April 9, 2019 John Bancroft Retail-originated loans accounted for 47.0% of first-quarter agency business, the lowest share since loan-level MBS data became available in 2013…Read More
Fourth Quarter Income Down Sharply for Publicly Traded Nonbanks March 25, 2019 John Bancroft Two nonbanks that have been steady earners reported significant losses during the fourth quarter…Read More
Fannie/Freddie Debt Dealers Accused of Price Fixing March 25, 2019 Dennis Hollier The defendants include Bank of America, Credit Suisse, Goldman Sachs and many other dealers…Read More
Caliber Affiliate the Latest Issuer to Bring its Second ‘Expanded-Credit’ MBS of the Quarter March 25, 2019 Brandon Ivey The mortgages boast an average credit score of 736...Read More
Passive MSR Investors Asked to Register. A Big Deal or Ho-Hum? March 25, 2019 Paul Muolo In Ohio, a passive investor must obtain what’s called a residential mortgage lending certificate of approval. Read More
Short Takes: The Mueller Report, the Legislative Calendar and the GSEs / No Kumbaya Moment Here / Let the Administrative Changes Begin / Better Enters FHA Market / The Market Doesn’t Love Us, So We’re Selling March 25, 2019 Paul Muolo And that means: two more years of hyper-partisan bickering on both sides and legislation only getting passed if there’s a bi-partisan consensus or a national emergency... Read More
Guess What? The Federal Reserve is No Longer No. 1 in MBS Holdings March 22, 2019 John Bancroft The Federal Reserve's MBS leakage began in 2017…Read More
Surprise: Goldman Sachs Aggregating Jumbos and Conforming Loans for Non-Agency MBS March 22, 2019 Brandon Ivey Goldman hasn’t been active in the prime non-agency MBS market except for a one-off deal in 2014.Read More
CFPB Makes Changes to Advisory Boards, Reversing Decisions Made by Mulvaney March 22, 2019 Yemeng Yang The bureau plans to extend the terms of half the current members in order to achieve the staggered terms and ensure continuity.Read More