Short Takes: Blowout Earnings for the GSEs? / Juicing the Debate / A Frothy Non-QM Secondary? / Dow 29,000 / Greystone Buys Commercial Servicer January 10, 2020 Paul Muolo Stronger GSE earnings will bolster retained capital, which could juice the recap-and-release debate even more…Read More
Nonprime Lender Readies IPO, Wall Street Lines Up to Underwrite the Deal January 10, 2020 Paul Muolo According to one document we saw, Velocity has a post-IPO valuation ranging from $266 million to $304 million. Read More
A Blowout 2019 for MBS/ABS Issuance January 10, 2020 John Bancroft However, agency MBS was the star of the structured finance show in 2019… Read More
Can Non-QM Specialist Angel Oak Crack the (Overall) Top 50? January 9, 2020 Paul Muolo As we reported a few weeks ago: Angel Oak Mortgage Solutions, a third-party non-QM lender, anticipates boosting loan originations by 66% next year to $5 billion… Read More
New Residential Preps First Expanded-Credit MBS of the Year January 9, 2020 Brandon Ivey The $278.5 million expanded-credit MBS from New Residential Investment Corp. is somewhat smaller than any of the five deals the firm issued in 2019.Read More
Short Takes: Fintechs Gain in Mortgages / Defining ‘Fintech’ / Weaker Applications / Dealing with New York Zombies / Plaza Hires loanDepot Exec January 8, 2020 Paul Muolo and Yemeng Yang Okay, but what’s a fintech?Read More
Deephaven Non-QM Executive Jumps Ship for Competitor Sprout January 8, 2020 Paul Muolo Sprout was launched last decade by nonprime veteran Michael Strauss...Read More
Complaints Filed with the CFPB Down in 4Q but Up for the Year January 8, 2020 Yemeng Yang The credit reporting agencies (Equifax, Transunion and Experian) continue to draw a large chunk of the complaints…Read More
Short Takes: Surprise: A Nonprime IPO / PIMCO’s Fingerprints / Ocwen Rising (for Now) / SitusAMC, a Leader in Due Diligence / National MI Promotes Fitzgerald January 7, 2020 Paul Muolo and Brandon Ivey Overall, 7.25 million shares of Velocity will be offered to the public.Read More
The CFPB Outlook: A Full Agenda in 2020 Amid Uncertainty January 7, 2020 Yemeng Yang The bureau could grant a short-term extension of the QM patch pending the rulemaking. Read More
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