A Notable 2Q Spike in Non-Agency Jumbo Production September 16, 2021 John Bancroft Jumbo lending is catching on with nonbanks, which are providing most of the collateral for non-agency prime jumbo securitizations.Read More
Genworth Spins Off Enact PMI Unit in $253 Million IPO September 16, 2021 Monica Hogan The lead book-running managers on the IPO were Goldman Sachs and JPMorgan Securities...Read More
The Biden Era FHFA Flexes Its Muscles: Certain GSE PSPAs Suspended September 15, 2021 Dennis Hollier The PSPAs, as most GSE watchers know, define the nature of the government backstop for Fannie Mae and Freddie Mac.Read More
Adjustable-Rate Mortgage Lending Ticks Up in Second Quarter September 15, 2021 Brandon Ivey ARMs. Remember those? Lenders are still making them...Read More
Biden Nominates Former Fannie, JPM Executive McCargo to Helm Ginnie Mae September 14, 2021 Monica Hogan Former Ginnie president Ted Tozer said now that Biden has made his pick, he hopes the process moves forward in a timely manner.Read More
Impac Executive Donatacci Departs for The Money Source September 14, 2021 Paul Muolo Donatacci joined the non-QM and conventional lender roughly two years ago.Read More
A Strong Showing for Warehousers in 2Q21 But Usage Rates Slip September 13, 2021 Paul Muolo According to interviews with warehouse executives and consultants, business remains healthy for the most part but borrowing clients are beginning to reduce their line sizes as retail applications creep downward...Read More
Expanded-Credit Lending Near Pre-COVID Levels in Second Quarter September 13, 2021 Brandon Ivey The most prominent participants in the EC market are nonbanks. However, the top two lenders in the second quarter were depository institutions.Read More
Fear of Redlining Allegations Keep Attorneys Up at Night September 13, 2021 Monica Hogan Jonice Gray Tucker: “I anticipate significant and perhaps escalated activity in this area for a whole host of reasons."Read More
Short Takes: Finally, a Ginnie President? / A Debt Revival? / High Expectations for Penny Mac / New Lows (for Some MBs) / Enact Readies IPO September 13, 2021 Paul Muolo Time for more debt offerings? It depends on who you are.Read More