Short Takes: Problems in Non-QM Land? / Not Really / Keeping an Eye on Velocity’s IPO / BofA Gets CFPB ‘No Action’ Letter / One is the Loneliest Number (Among the Top Ginnie Issuers) January 13, 2020 Paul Muolo and Yemeng Yang The IPO of nonprime lender Velocity Financial could price later this week or next…Read More
Goldman Stocks Jumbo MBS with Loans from Nonbanks January 13, 2020 Brandon Ivey HomeBridge Financial Services is the top contributor to the $488.80 million MBS with a 19.9% share.Read More
A New Annual Record for Ginnie Mae Issuance January 13, 2020 John Bancroft Including securities backed by FHA home-equity conversion mortgages, total Ginnie single-family MBS issuance hit $508.62 billion, also a record. Read More
Deregulation in California? Hardly. State Launches its Own CFPB January 13, 2020 Yemeng Yang The new department will be modeled after the Consumer Financial Protection Bureau to “provide consumers with more protection against unfair, deceptive, and abusive practices.”Read More
Short Takes: Blowout Earnings for the GSEs? / Juicing the Debate / A Frothy Non-QM Secondary? / Dow 29,000 / Greystone Buys Commercial Servicer January 10, 2020 Paul Muolo Stronger GSE earnings will bolster retained capital, which could juice the recap-and-release debate even more…Read More
Handicapping the GSE Recap-and-Release Action… January 10, 2020 Dennis Hollier There’s some skepticism regarding how quickly the FHFA and Treasury might act in 2020…Read More
CFPB Unveils Task Force Members, Some Not Happy with Chair Pick January 10, 2020 Yemeng Yang The panel will be chaired by conservative Todd Zywicki, a longtime critic of the CFPB…Read More
Nonprime Lender Readies IPO, Wall Street Lines Up to Underwrite the Deal January 10, 2020 Paul Muolo According to one document we saw, Velocity has a post-IPO valuation ranging from $266 million to $304 million. Read More
A Blowout 2019 for MBS/ABS Issuance January 10, 2020 John Bancroft However, agency MBS was the star of the structured finance show in 2019… Read More
Short Takes: Rates Rising (for Now) / The Recap-and-Release Train Moves Forward / Turning a Profit in Servicing / More Capital for Roofstock / Xome Gets a New CEO January 9, 2020 Paul Muolo The GSE recap-and-release train continues to inch forward...Read More
RSS