The Liquidity Crisis: And the (MBS) Winners Are... March 27, 2023 Paul Muolo Goldman bought a portfolio of underwater securities from SVB that resulted in a nearly $2 billion loss at the now-failed bank.Read More
Despite Deteriorating Values, Banks Boosted MBS/ABS Holdings in 4Q22 March 24, 2023 John Bancroft The biggest increase was in residential MBS, which was up 7.1% in the fourth quarter to $287.23 billion...Read More
No Doubt in Powell's Mind Who Caused SVB's Collapse: Management March 24, 2023 Dennis Hollier When asked if there were other banks that might be in danger of failing, the Fed chair was dismissive.Read More
Grapevine: Trouble in Fix-and-Flip Land? / About Nonbanks… March 23, 2023 Paul Muolo and Dennis Hollier There are plenty of fix-and-flip home sales but profitability is starting to slip. Meanwhile, in his new book, Calabria takes a poke at nonbanks.Read More
Altisource Launches Non-Agency Lending Efforts March 23, 2023 Brandon Ivey The underwriting of AAM's mortgages is outsourced to India...Read More
A Decline in Mortgage Repurchase Activity by Banks March 21, 2023 Brandon Ivey Then again, mortgage repurchase activity typically tends to fluctuate...Read More
As Banks Retreat from MBS, Other Investors Step Up March 17, 2023 John Bancroft That retrenchment marks the slowest quarterly growth rate since early 2019...Read More
When Forced to Sell HTM Assets (MBS), the Red Ink Flows March 17, 2023 Paul Muolo SVB’s holdings of available-for-sale MBS totaled $8.46 billion or just 4.0% of its total asset base...Read More
Non-QM Players Navigating a Volatile Secondary Market March 15, 2023 Brandon Ivey Ellington and other non-QM funders have emphasized having a diversity of borrowing sources...Read More
Another Downturn in Ginnie Issuance March 14, 2023 Monica Hogan Among the top 10 Ginnie issuers for the month, just one was a federally insured depository: U.S. Bank...Read More
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