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Short Takes: Credit Suisse Readies Another Jumbo Deal / Angel Oak Nonprime MBS? / Parkside Rolls Out Jumbo With Caveats / FHA, PACE and Lien Priority / Barney Frank Back in the Business?

August 25, 2015
George Brooks, Brandon Ivey, and Paul Muolo
Remember the nonprime MBS deal that Angel Oak was working on with Nomura? The transaction may be on again...
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Fannie Mae Unveils ‘HomeReady,’ A Successor Program to ‘MyCommunityMortgage’

August 25, 2015
Carisa Chappell
HomeReady will become part of DU later this year and replaces the MyCommunityMortgage product, which in some circles was known as Fannie’s “subprime” option.
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Despite Trailblazing MBS, Slow Start for Origination of Non-QMs

August 24, 2015
Brandon Ivey
However, the ground breaking MBS from Lone Star did not receive ratings and was not subject to requirements from the SEC regarding the disclosure of third-party due diligence.
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MBA’s Stevens Pushes for Ending GSE Conservatorships

August 24, 2015
Brandon Ivey
A former FHA commissioner, Stevens said GSE reform should include a new charter for Fannie Mae and Freddie Mac...
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A Growing Source of Profits for the GSEs: Multifamily; Cap Worries?

August 24, 2015
Carisa Chappell
Freddie’s multifamily business grew so much that some industry observers worried that the GSE could reach the $30 billion annual multifamily business cap set by the FHFA.
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Did Blackstone Pay a Premium for Stearns? Not Likely

August 24, 2015
Paul Muolo
Stearns Lending has been on the auction block for well over a year, maybe longer...
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The Pros and Cons of the Stock Market ‘Correction’: More Refis, MSR Markdowns

August 24, 2015
Paul Muolo
Dan Perl, who runs Citadel Loan Servicing, Irvine, CA, said he woke up Monday morning and immediately cut his rates by 25 basis points across the board.
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Short Takes: And Now for the ‘Dark Side’ of Low Rates / Jumbo Trouble Because of Stocks? / SPS Suddenly Likes Performing Loans / Wells, the Correspondent King (Again) / Buck Hawkins Departs iFreedom

August 24, 2015
Brandon Ivey and Paul Muolo
Many wealthy borrowers feel rich because they’re sitting on huge stock market gains achieved over the past few years. But now...
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Banks’ Agency MBS Holdings Reached Record $1.03 Trillion in June

August 21, 2015
John Bancroft
Commercial banks and savings institutions kept increasing their stake in agency mortgage-backed securities during the second quarter of 2015, according to a new Inside MBS & ABS ranking and analysis.
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GSEs’ Alt A Performance Improves, Losses Persist

August 21, 2015
Brandon Ivey
Delinquencies are receding in the government-sponsored enterprises’ holdings of Alt A mortgages but outsized losses from the loans are still an issue.
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