JMP Securities has a “market perform” rating on Impac Mortgage, the publicly traded nonbank that’s trying to carve out a space for itself in the non-QM sector but can’t resist the temptation of reaching for GSE refis...
Prior to joining Flagstar, Neufeld spent more than five years as SVP and treasurer of Mr. Cooper, where he managed the nonbank’s warehouse lines and was responsible for oversight of all treasury functions…
In their petition for a writ of certiorari, the shareholders said the Fifth Circuit afforded them no relief from their injuries and the “petitioners are thus not ‘prevailing parties’ in any meaningful sense.”
In recent years, mortgages funded by Quicken have been included in prime non-agency MBS issued by others, but this is the first deal backed solely by loans originated by Quicken and serviced by the firm.
Former Freddie CEO Don Layton took issue with the plan’s basic premise that if the footprint of the GSEs shrinks, private capital will move in to take up the slack...
Mortgages eligible for sale to the GSEs accounted for about 25% of the dollar volume of loans in prime non-agency MBS from Redwood earlier this year while the new deal includes a 10% share of GSE-eligible loans.
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