No VOE or VOI? Change to Issue Unique Expanded-Credit MBS January 21, 2022 Brandon Ivey Change's MBS received a preliminary A rating from DBRS, which said the lender's program is weaker than other CDFIs'...Read More
Banks Target Nonbanks for Asset-Based Lending, Warehouse January 21, 2022 Paul Muolo For months now, rumors have been circulating that Signature was planning to make a big splash in warehouse finance, having hired a former Wells Fargo executive...Read More
Strong Earnings for TCBI but Warehouse Pressures January 21, 2022 Paul Muolo Last year, the depository sold its mortgage servicing portfolio — roughly $14.0 billion in MSRs — to Ocwen...Read More
ABS Issuance Hits Record in 2021, Market Cools in 4Q January 21, 2022 John Bancroft All major product groups saw significant gains in 2021...Read More
Primary MI Market Follows 2021 Product Shifts January 20, 2022 John Bancroft Agency securitization of insured refi loans fell 15.3% last year, with the private MI sector taking a hard hit.Read More
Banks Give a Glimpse of What Lies Ahead: Lower Originations January 20, 2022 Paul Muolo The best performer, in terms of sequential growth was JPMorgan Chase, up 4.6%.Read More
Bayview, loanDepot Go Big with Latest Non-Agency MBS January 20, 2022 Brandon Ivey Bayview's MBS is collateralized by loans aggregated from various lenders...Read More
GAO Calls for Action on Housing Finance Reform January 20, 2022 Brandon Ivey The GAO noted the Biden administration halted coordinated administrative reform efforts established by the Trump administration.Read More
For Fannie and Freddie Another Record Year for MBS Issuance January 19, 2022 Dennis Hollier Depositories made up some ground on the nonbanks with a combined fourth quarter market share of 31.2%.Read More
Better.com Chief Garg Ready to Return January 19, 2022 Paul Muolo Better.com hired a former federal prosecutor from the Southern District of New York to conduct the "culture" review...Read More