While Its Members Thrived, MBA Had a Challenging Year in FY20 September 7, 2021 Paul Muolo MBA, like many trade groups, was forced to cancel the in-person portion of all shows dating from the spring of 2020...Read More
Mortgage Employment Reading Continues to Defy the Odds September 3, 2021 Paul Muolo In the broker segment, new hiring for the month improved by 3,200 heads to 124,800. Both the banker and broker readings represent 10-year highs and then some.Read More
Credit Suisse Readies Unique Non-QM Warehouse Funding Securitization September 3, 2021 Brandon Ivey The deal marks the first warehouse financing securitization to include non-QMs as eligible collateral.Read More
Short Takes: FTC Has Some Questions for Invitation Homes / Stock Price Doing Just Fine / AO Busy Opening New Branches / A Non-QM Rush? / Publishing Break September 3, 2021 The FTC has some questions for SFR giant Invitation Homes. Details? None...Read More
KBW Sees Improvement at Ocwen, Upgrades Estimates September 2, 2021 Paul Muolo At press time, Ocwen's common was trading at $28.06 compared to a 52-week low of $17.29 and a high of $35.08.Read More
Investment-Property Loans Dominate Non-Agency MBS Issuance September 2, 2021 Paul Muolo Just how hot is the IPL market? Two well-regarded Wall Street firms — Credit Suisse and Goldman Sachs — brought out their first deals of the year...Read More
Cadence Bank Settles With DOJ, OCC Over Redlining September 1, 2021 Monica Hogan Cadence Bank CEO Paul Murphy said the company “believes that at all times it acted in compliance with our nation’s fair lending laws.”Read More
Moody’s Highlights the Strengths/Weaknesses of Nonbank Mortgage Firms September 1, 2021 Paul Muolo In a new report, the rating service notes the “extensive” MSRs of nonbanks “often make the quality of their capital much weaker than that of banks.”Read More
Lone Star’s Non-Agency MBS Chugs Along Without Caliber August 31, 2021 Brandon Ivey Lone Star shifted from relying on Caliber to other lenders for loans going into non-agency MBS.Read More
Non-Agency Jumbo Lending Increases Amid Broader Downturn in 2Q August 30, 2021 Brandon Ivey Lenders are seeing increased demand, and many have loosened underwriting standards, helping to boost volume.Read More