Short Takes: Rocket Fueling Redwood’s MBS / Wells Fargo’s Asset Cap / Chase’s Servicing Unit / Homeowners Plan to Stay Put January 7, 2025 Brandon Ivey Redwood has issued eight consecutive prime non-agency MBS where Rocket Mortgage was the top contributor of loans.Read More
Short Takes: Interest Rates Rising / Housing Inventory Improving / More Non-Agency MBS in the Works January 3, 2025 Brandon Ivey Interest rates on mortgages increased to a level last seen in July 2024.Read More
Delinquencies on Securitized Non-QMs Rise Again January 2, 2025 Brandon Ivey The increase in November was tied to hurricanes, though impairments have increased for seven consecutive months.Read More
Shellpoint Tops Non-Agency MBS Servicers in Third Quarter January 2, 2025 James Dohnert Shellpoint handled $6.70 billion of servicing of non-agency MBS issued during the third quarter.Read More
Short Takes: Annaly off to Quick Start With MBS in 2025 / Outsourcing in Zambia / Residential PACE Originations Constrained January 2, 2025 Brandon Ivey Annaly Capital Management is preparing to issue the first non-agency MBS of 2025.Read More
A $1 Billion Borrowing Line For PennyMac’s REIT December 30, 2024 Paul Muolo The collateral entails Fannie Mae mortgage servicing rights owned by PennyMac...Read More
MBA Calls for Clarification of FHA Rental Income Proposal December 27, 2024 Monica Hogan The MBA supports the new FHA proposal but wants more information on whether lenders need to keep additional reserves on hand.Read More
Short Takes: Housing Supply on the Rise / Mortgages in Forbearance Up / Rates Need to Decrease More to Encourage Refi Wave December 27, 2024 James Dohnert Housing supply is up 12% year-over-year.Read More
Delinquencies Hit Three-Year High; Foreclosures Remain Contained December 26, 2024 James Dohnert ICE said that delinquencies have risen on a year-over-year basis for six consecutive months.Read More
Warehouse Financiers Hungry for Warehouse Credits December 23, 2024 Paul Muolo Western Alliance Bancorp, Phoenix, appears to be one of the largest lenders in the space.Read More
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