Annaly Readies Another Non-Agency MBS, This One Backed by GSE-Eligible Investment-Property Loans June 12, 2019 Brandon Ivey Issuers say they receive better execution on GSE-eligible investment-property loans in the non-agency market rather than delivering the collateral directly to Fannie and Freddie... Read More
Short Takes: Withering on the Vine in Mortgageland: Commercial Banks / Ocwen: Transfer Complete / Ocwen Changes Brand Name to PHH Mortgage / Alert: HECM Damage in Progress / Angel Oak Sees Big Gains Ahead for Non-QM June 11, 2019 Paul Muolo Looks like Ocwen is pushing the button on a name change and it's not Newco...Read More
Securitization ‘Fallback’ Lingo Drafted for the End of LIBOR June 11, 2019 Brandon Ivey Tom Wipf of Morgan Stanley: "It’s time that all market participants transition their products away from U.S. dollar LIBOR where possible..."Read More
When it Comes to Jumbos, Retail is Still the King June 11, 2019 Brandon Ivey Bank of America, the nation’s second largest jumbo producer, only uses the retail channel…Read More
An Uptick in Warehouse Activity but Worries Remain June 11, 2019 Paul Muolo One West Coast-based manager singled out what he called “low-ball pricing”... Read More
Short Takes: Are the GSEs SIFI? It All Depends / No Witness List Yet for the Hearing / Phillips’ Replacement? / An M&A Deal Among Vendors / GAO Weighs in on Carson’s Spending Habits June 10, 2019 Paul Muolo Is the vendor sector ripe for M&A activity?Read More
Mortgage Employment Outlook Improves. UWM and AOMS are Hiring June 10, 2019 Paul Muolo Help needed far and wide: Loan officers and processors...Read More
Non-Agency Lenders Hoping and Waiting for an End to the GSE ‘Patch’ June 10, 2019 Brandon Ivey The GSE patch is scheduled to end in January 2021... Read More
Ellington Returns to Non-QM MBS Market, Sourcing Mortgages from LendSure June 10, 2019 Brandon Ivey Non-QMs account for 76.3% of the collateral... Read More
What We’re Hearing: A Speculator’s Dream (or Nightmare) / Feeling Good These Days: Warehouse Banks and their Customers / Habib Sees a Recession Coming / Throwing Cold Water on a Quick Stock Sale by Fannie and Freddie June 7, 2019 Paul Muolo A Fannie/Freddie stock sale could take three to four years, says Raymond James & Associates in a new report...Read More
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