Short Takes: Ocwen Selling Some MSRs / Angel Oak Selling Off Older ECMs / Non-Agency Lender Takes Slight Loss / Attorneys Form Compliance Advisor May 3, 2024 Brandon Ivey Ocwen received an exceptionally strong bid for some of its MSRs and opted to sell.Read More
Fed Tweaks Strategy for MBS Portfolio May 2, 2024 Brandon Ivey Some MBS payoffs that were reinvested in agency MBS will instead be invested in Treasury securities.Read More
Short Takes: GSEs Revise Guides / Purchase-Mortgage Lending Increases at Zillow / Fairway Touts LO Recruits / Annaly Fast With MBS May 2, 2024 Brandon Ivey The GSEs established a formal definition for mortgages to first-generation homebuyers.Read More
Redwood Increases Profits in First Quarter May 1, 2024 James Dohnert Redwood's earnings improved following a 53% increase in locked loans in the first quarter.Read More
Short Takes: Mortgage Demand Declines / NewRez Spin-Off a Work in Progress / New HEI Securitization / More Non-Agency MBS May 1, 2024 Brandon Ivey On an annual basis, mortgage applications were down 9.2%.Read More
Annaly Leads Expanded-Credit MBS Issuers in First Quarter April 30, 2024 James Dohnert Onslow Bay issued $2.52 billion of expanded-credit MBS in the first quarter, more than triple its issuance in the prior quarter.Read More
Short Takes: Home Prices Rebound in February / Private-Equity Infusion for Blend / Profit at Two Harbors / Homeownership Unattainable April 30, 2024 Brandon Ivey Home prices jumped in February after a slight decline the previous month.Read More
Refi Surge Boosts Ginnie Loan Liquidations in 1Q April 29, 2024 John Bancroft In case you missed it: The VA reported an astronomical increase in its interest rate reduction refinance program in early 2024...Read More
Mortgages Helped Bring Down Failed PA Bank April 29, 2024 Brandon Ivey At one point, Republic First’s mortgage unit focused on offering jumbo mortgages at below-market interest rates.Read More
Regulators Consider MBS, ABS Issues With Capital Proposal April 26, 2024 Brandon Ivey Federal Reserve Governor Michelle Bowman noted issues with how the proposal on capital requirements for large banks would impact the MBS and ABS markets.Read More