With a strong fourth quarter, jumbo MBS issuance in 2015 could nudge past the post-crisis high set back in 2013, when $13.12 billion of these deals came to market.
The Collingwood Group, a Washington-based consultancy that built its practice on Ginnie Mae work and issues tied to the government-sponsored enterprises, has received approval from the Financial Industry Regulatory Authority to open a broker/dealer unit. The new division is called Collingwood Capital Advisors and will be headed by Mark DeGennaro, who joined TCG as a managing director in February 2011 to head what was then a new effort to build the consultancy’s hedge fund/private equity group. Although Collingwood Capital is now a registered broker/dealer, it will not be involved...
GSE high-LTV mortgage programs gained traction during 3Q with the two securitizing $2.23 billion of insured purchase loans with LTV ratios of 96 or 97 percent...
Given the fairly wide range in origination volume trends among the group, it’s difficult to forecast how the overall market fared based on just their activity.