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Fed's Relief Efforts Not Reaching Non-Agency Market

March 25, 2020
Brandon Ivey

Actions by the Fed to help the mortgage market haven't don't much for non-agency MBS. Issuance ground to a halt and a number of lenders suspended production.


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As Lenders Await Word on Liquidity Aid for MBS Issuers, New Applications Continue to Fall

March 25, 2020
Paul Muolo
As one observer noted: The 30-day delinquencies won't be a problem. The industry has some time on that score...
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Freedom’s Debt Put on Negative Watch by Fitch

March 24, 2020
Paul Muolo

Back in September, Freedom’s financials looked strong. The lender/servicer is privately held...


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Short Takes: (Mortgage) Shoes Keep Dropping / Originator to Warehouse Financier: You’re Fired / Pending Legislation to Help IMBs? / MSR Buyer Halts Flow Purchases

March 24, 2020
Paul Muolo

We’re still waiting to hear word on pending legislation to provide economic relief to consumers and businesses affected by the pandemic. Included in the bill is a funding mechanism for nonbank servicers.


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VA Securitization Volume Increased Sharply in 2019

March 24, 2020
Namrata Bhatia

Roughly $220.8 billion of VA loans were delivered into Ginnie mortgage-backed securities last year...


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The Latest Shoes to Drop: Angel Oak Wholesale, Citadel Suspend Non-QM Lending

March 24, 2020
Brandon Ivey

Two of the top originators of non-QMs suspended lending operations on Monday, citing complications from the coronavirus.


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Coronavirus Updates: Nation’s Largest Lender Wells Fargo Institutes Work-from-Home Policy; QMLS Clarifies Funding Policy

March 22, 2020
Paul Muolo

Meanwhile, mortgage wholesalers are starting to reassess their rate-lock policies for shelter-in-force states...


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As Coronavirus Worsens, Calls Mount to Let the GSEs Buy MBS / Hike the Conforming Loan Limit? / Mortgage Bankers: ‘Essential’ Workers

March 21, 2020
Paul Muolo

In a time of crisis should Fannie and Freddie be allowed to hold more MBS? Hike the GSE loan limit too?


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CFPB Staffers to Telecommute Until April 3

March 20, 2020
Yemeng Yang

The maneuvers have raised questions about the CFPB’s ongoing rulemaking, supervision and enforcement activities…


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Non-QM Sector Shows Cracks as Coronavirus Concerns Mount

March 20, 2020
Brandon Ivey

Homebridge Financial’s wholesale division and theLender both announced suspensions to their non-QM lending operations. Others will follow, rest assured...


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