Non-Agency MBS With GSE-Eligible IPLs Still Under Pressure March 22, 2022 Brandon Ivey Whole loan investors are being very careful about what they're willing to pay...Read More
Residential MBS Market Grew Significantly in 2021. As for the Fed... March 18, 2022 John Bancroft The Fed reported $402.67 billion of non-agency MBS outstanding at the end of the fourth quarter, a modest 0.9% nudge up from September...Read More
A Huge Non-QM MBS From ICP March 17, 2022 Brandon Ivey In general, non-QM lenders are expecting strong originations in 2022 but...Read More
Lower Profits for Angel Oak's REIT. Reason: Higher Rates March 16, 2022 Brandon Ivey For the full year, the REIT's profit totaled $21.1 million. Its assets increased to $2.57 billion at Dec. 31, compared to just $509.6 million at yearend 2020.Read More
Secondary Market Demand In Flux for Non-QMs March 15, 2022 Brandon Ivey and Paul Muolo What caused the recent glut in non-QM paper? Supply and demand...Read More
GSE CRT Issuance Drops in 2021 Despite Fannie’s Return March 15, 2022 Dennis Hollier Except for a $1.70 billion lender risk deal with PennyMac in the fourth quarter of 2020, Fannie had no CRT activity until October 2021.Read More
Increase in Mortgage Limits Impacts GSE Seller Volume March 14, 2022 Dennis Hollier The top five loan sellers to the GSEs in February: Rocket, UWM, Chase, Wells Fargo and loanDepot...Read More
A Ginnie EBO Portfolio Hits the Auction Circuit March 14, 2022 Paul Muolo Bids on the whole loan package are due by St. Patrick's Day...Read More
Mortgage-Related REITs Scale Back Agency MBS, Lean to Non-Agency March 11, 2022 John Bancroft Most of the decline was in portfolio holdings of mainstream agency MBS...Read More
An Interesting Twist: Non-Agency MBS Issuers Stocking Deals with Ginnie EBOs March 9, 2022 Brandon Ivey Issuers are packaging primarily delinquent FHA mortgages into non-agency securities...Read More
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