Due Diligence Backlog Prompts Unusual Delay for New MBS August 23, 2021 Brandon Ivey Third-party due diligence reviewers are swamped.Read More
GSE Investment-Property Business Drops in Second Quarter August 20, 2021 Brandon Ivey GSE securitization of investment-property mortgages fell by 33% on a sequential basis in the second quarter, while overall single-family GSE activity was down only 5%.Read More
Goldman Joins the Non-Agency Investment-Property Party August 20, 2021 Brandon Ivey The issuance is the first of the year from Goldman with GSE-eligible mortgages for investment properties.Read More
GSE CRT Issuance Slows in Second Quarter August 18, 2021 John Bancroft Freddie's issuance fell by more than 50% from the first quarter and Fannie remained inactive.Read More
FHFA Warns of Risks from Agency Commercial MBS August 18, 2021 Dennis Hollier The new advisory bulletin indicates that FHFA wasn’t persuaded by many of Fannie Mae's arguments on a draft of the bulletin issued in July.Read More
Annaly Expands Non-Agency Acquisitions with Launch of Conduit August 18, 2021 Brandon Ivey Previously, Annaly was predominantly sourcing non-QMs from aggregators rather than directly from lenders. Read More
Short Takes: Mortgage Applications Decrease / Refis Still Popular / SFA Requires Proof of Vaccination / Lender Rebrands / Correction August 18, 2021 Brandon Ivey Refi inquires declined by 5% on a weekly basis while purchase-mortgage applications were off by 1%...Read More
Bayview, Morgan Stanley Offer Separate Non-Agency MBS August 17, 2021 Brandon Ivey The top contributor to both MBS is CrossCountry Mortgage.Read More
Angel Oak’s REIT Posts Lower Income in Second Quarter August 13, 2021 Brandon Ivey While Angel Oak issued a non-QM MBS during the second quarter, the REIT didn't participate in the securitization.Read More
New Residential Joins the IPL MBS Bandwagon August 12, 2021 Brandon Ivey The bulk of the loans in the MBS were originated by New Residential's own lending unit, along with some from Caliber...Read More