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
A Secondary Market Develops for Forbearance Loans. Well, Sort Of June 11, 2020 Paul Muolo According to the offer circular, the package (19 loans in total) also boasts an average FICO score of 721. Roughly 30% of the paper is based in California, with representation in Florida and Texas as well.Read More
Despite the Pandemic, First-Time Homebuyers Remain a Force June 11, 2020 John Bancroft The flow of first-time buyer loans was up 20.0% from the first five months of 2019... Read More
Deephaven, Vista Point and Redwood Prep Non-QM Deals June 11, 2020 Brandon Ivey The planned MBS will be stocked with mortgages originated earlier this year, before volatility paused non-agency MBS issuance.Read More
17 Trade Groups Tell HUD: How About No Indemnifications for FHA Forbearance Loans? June 10, 2020 Paul Muolo The Mortgage Bankers Association has been silent on the issue, until now... Read More
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