Short Takes: Applications Flat / Delinquencies Decline / HUD's Vaccination Rate / Another Legacy Non-Agency MBS Settlement / Thanksgiving Break November 24, 2021 Brandon Ivey Mortgage originations held steady despite an uptick in interest rates.Read More
Deephaven Getting Back to Pre-COVID Levels with Non-QM MBS November 22, 2021 Brandon Ivey The top contributor to the MBS is ACC Mortgage with a 24.3% share...Read More
Banks Look Ready to Pick up the Slack as Fed Pulls Away November 19, 2021 John Bancroft The top three banks in MBS holdings: Bank of America, Wells Fargo and Charles Schwab...Read More
Wells Fargo Looking for a New Correspondent Chief November 17, 2021 Paul Muolo At midyear, Wells had $34.5 billion of correspondent acquisitions, ranking third in the channel...Read More
Goldman Issuing Single-Lender Non-Agency MBS November 17, 2021 Brandon Ivey The latest, a $406.1 million security with collateral from Guaranteed Rate, hit the market Tuesday.Read More
GSE Cash Purchases Give Way to Different Strategies November 16, 2021 John Bancroft The rule has since been suspended. However, recent MBS issuance shows a continuing impact on market behavior.Read More
Commercial MBS Issuance Declines Again in 3Q21 November 15, 2021 John Bancroft Production was down in both non-agency CMBS and agency multifamily MBS...Read More
Pricing Dispute Prompts Pause in Ocwen’s Clean-Up Calls November 12, 2021 Brandon Ivey According to the Oakleaf Group, an analytics firm, governing documents for many non-agency MBS don’t include an explanation on how to calculate the fair market value...Read More
Barclays to Issue its First Non-QM MBS November 11, 2021 Brandon Ivey Barclays was an active issuer of non-agency MBS in the lead-up to 2008, but the firm hasn't issued a deal with newer loans since then.Read More
Angel Oak (the REIT) Sees a Spike in Income as Non-QM Sector Heats Up November 10, 2021 Brandon Ivey Brandon Filson, AOM’s chief financial officer, said the company has the potential to generate returns of roughly 12% to 15% from whole loans...Read More