SFA Making Progress on Non-Agency MBS Disclosure Revisions September 12, 2023 Brandon Ivey SFA is close to offering a first iteration of the revisions, which will focus on prime jumbo MBS.Read More
Short Takes: Chopra Concerned About CFPB’s Future / MSRs for Sale / AI Summit / PacWest’s CRT Upgraded September 12, 2023 Brandon Ivey and Paul Muolo Uncertainty for the CFPB and the mortgage industry ahead of a Supreme Court case...Read More
Agency MBS Issuance Begins to Fizzle September 11, 2023 John Bancroft Fannie had the lowest output of the three agencies in August...Read More
Rocket Readies Another Closed-End Second-Lien MBS September 11, 2023 James Dohnert The MBS is top-heavy in loans from California, Florida, Georgia and North Carolina...Read More
Lenders Advised to Take Steps to Avoid Buyback Requests September 8, 2023 Sam Manas “You’re going to tell them to pound sand? Well, they’re going to say, ‘Okay, well we’re going to suspend the agreement, we’re not going to take any more loans from you,’” said James Brody, a senior litigation partner at the law firm of Garris Horn.Read More
Short Takes: Home Prices Expected to Level Off / FHA Ends Loan Rejection Reporting / HELOC MBS Holding Up September 8, 2023 Brandon Ivey Downward pressure on home prices from rates and upward pressure from demand and limited inventory will likely balance each other out.Read More
Altisource Asset Management CEO Resigns August 31, 2023 James Dohnert AAM's CEO has resigned in the midst an assessment of the company's lending operations.Read More
Federally Insured Depositories Continue to Cut Bait on MBS August 28, 2023 John Bancroft Bank MBS holdings have now declined for six straight quarters after peaking at the end of 2021.Read More
Nomura Settles Legacy Residential MBS Issue for $35 Million August 25, 2023 Dennis Hollier The settlement commits Nomura to full cooperation with federal investigators in “prosecutions arising out of or related to” the case.Read More
FHLBank Profits Up in 2Q; Advance Usage Declines August 24, 2023 Dennis Hollier Income generated by the 11 FHLBanks increased by more than 20% on a quarterly basis in the second quarter while FHLBank advances outstanding declined.Read More