Short Takes: A Lower Profit and GOS for Guild / Market Share Gains? / In the Hunt for Production Shops / A Busy MorVest / A New Directorship for Former GSE Exec March 11, 2022 Paul Muolo One MorVest client is looking to buy lenders producing $1 billion to $3 billion per year...Read More
Non-Agency Offsets Stumble in Fannie/Freddie Jumbo Market March 10, 2022 John Bancroft The conforming-jumbo business saw a modest setback in 2021...Read More
Fifth Circuit Remands Collins GSE Case to District Court March 10, 2022 Dennis Hollier The five dissenting judges were even more skeptical, arguing that a remand was unnecessary...Read More
COVID-Era Non-QM Delinquencies? Never Mind... March 10, 2022 Brandon Ivey dv01 looked at loan-level performance data for 1,610 non-QMs with an unpaid principal balance of nearly $800 million...Read More
Advisory Firm Sets Auction of Fannie/Freddie Product March 10, 2022 Paul Muolo The portfolio has estimated average escrow balances of $17.7 million.Read More
An Interesting Twist: Non-Agency MBS Issuers Stocking Deals with Ginnie EBOs March 9, 2022 Brandon Ivey Issuers are packaging primarily delinquent FHA mortgages into non-agency securities...Read More
Applications Rise Nicely but Don’t Get Used to It March 9, 2022 Paul Muolo As one veteran warehouse manager put it: “We’re sucking wind, like everyone else.”Read More
Ginnie Issuance Down as Refi Boom Wanes March 9, 2022 The top three Ginnie issuers in February: PennyMac Financial, Lakeview and Rocket Mortgage...Read More
Expanded-Credit MBS Issuance Picking Up March 9, 2022 Brandon Ivey Issuance of expanded-credit MBS slowed as spreads widened and interest rates increased...Read More
A Major Layoff in the Works at Better.com March 8, 2022 Among all originators, Better.com ranked 17th in 2021, according to Inside Mortgage Finance...Read More
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