Chimera Back in the Non-Agency MBS Market with GSE-Eligible Loans August 9, 2021 Brandon Ivey While numerous other issuers have rushed into the market with GSE-eligible loans in non-agency MBS, this is Chimera's first such deal of the year.Read More
Higher Ginnie Mae Requirements Could Spell Trouble for MSRs August 9, 2021 Paul Muolo Commercial banks could, once again, become big players in the GNMA MSR market but few find that likely...Read More
Agency MBS Issuance Down in July Despite Ginnie Mae Gain August 6, 2021 John Bancroft The two GSEs securitized $98.14 billion of refi loans in July, the lowest monthly volume since March of last year, when the Federal Reserve sparked a massive refi market by pushing interest rates to record lows.Read More
Not a Pretty Picture for the Mortgage IPO Class of ’20-21 August 6, 2021 Paul Muolo It's hard out there for a publicly traded mortgage company, especially for the recent IPO class...Read More
PennyMac is Not Immune. 2Q Results Affected by MSR Marks, Lower GOS August 6, 2021 Brandon Ivey In 2Q, margins compressed at PennyMac and the value of its MSRs fell sharply. Sound familiar?Read More
New York Emerges as a Battleground on Nonbank CRA August 5, 2021 Lisa Burden The proposed legislation has passed both chambers of the New York Assembly and awaits the governor’s consideration.Read More
Flagstar Top Contributor to Expanded-Credit MBS in 2Q21 August 4, 2021 Brandon Ivey Some $1.12 billion of ECMs originated by Flagstar were included in non-agency MBS during 2Q21. The lender is slated for sale to NYCB.Read More
NJ Nonbank Sets Merger With Fintech Shop Figure August 4, 2021 Brandon Ivey Homebridge ranks 35th among all home lenders, according to Inside Mortgage Finance...Read More
Citi Recruits Liz Bryant from Wells Fargo to Head Mortgage Sales August 4, 2021 Monica Hogan Back in April, Citi hired J.R. Russell, head of consumer direct lending, away from Wells where he served in a similar role.Read More
An Across-the-Board Drop in Mortgage Complaints August 4, 2021 Lisa Burden On the origination side of the ledger, issues with loan applications decreased 7.0% to 1,613...Read More