Caliber Affiliate Brings its Second Post-Volatility Non-QM MBS June 18, 2020 Brandon Ivey Lone Star Funds is the first non-QM MBS issuer to have a second deal in the market since activity resumed in May. Read More
What Pandemic? Purchase Applications Rise to Highest Level in 11-Plus Years June 17, 2020 Paul Muolo On an unadjusted basis, new business increased 7.0% from the week before…Read More
Deephaven Readies Non-QM MBS with Slightly Seasoned Loans June 17, 2020 Brandon Ivey Loans in the $351.5 million MBS have seasoned for an average of five months and 24% are in forbearance. Read More
FHFA to Re-Propose Financial Eligibility Requirements June 15, 2020 Dennis Hollier So far, the industry response has been positive, with a thumbs up coming from CMLA...Read More
Velocity Completes Unrated Securitization, Plans to Resume Lending in 3Q June 15, 2020 Brandon Ivey Velocity planned to issue an MBS in April but volatility from the coronavirus disrupted its plans...Read More
Delinquencies on Non-QM MBS Spike. Impairment Rate North of 16% June 15, 2020 Brandon Ivey Self-employed borrowers had the worst performance, on average, followed by loans for investment properties... Read More
Short Takes: Quicken’s IPO, What Possibly Could Go Wrong? / Rock Solid Origination Margins / Post 2021? / Knock, Knock. Hi, We’re From Wall Street / Calabria’s Wise Observation June 12, 2020 Paul Muolo An island in the COVID-19 storm; Mortgage banking...Read More
Mortgage Bankers Optimistic on a Purchase-Market Recovery June 12, 2020 Maria Volkova Another factor driving optimism: Buyer demand is staying strong, while the supply of homes on the market is low. Read More
Lenders Ponder FHA LLPAs. Reason: Forbearance June 11, 2020 Paul Muolo Others blanched at the price tag and are now pondering whether they should install new loan-level price adjustments, something FHA would not welcome.Read More
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