The comeback in the July-to-September period was led by JPMorgan Chase, which brought $2.12 billion of prime non-agency MBS to the market spread across four deals...
AmeriHome, according to its S-1, earned $275.0 million during the first six months of 2020, slightly less than its combined profit for 2019 and 2018 ($279.5 million.)
This official speculated that perhaps Calabria was referring to the companies’ corporate culture before the financial crisis, when the politically connected secondary market giants were widely feared on Capitol Hill.
As mortgage banking veteran Bill Dallas of Finance of America put it: “This is clearly a unicorn year for the industry — I’ve never seen anything like it.”