1Q21 ABS Issuance Spikes 87% as COVID Recovery Takes Hold April 23, 2021 John Bancroft Driving the improvement (no pun intended): the auto lending and leasing sector.Read More
Calabria Acknowledges ‘Pinch’ on NOO/Second-Home Market Caused by Reg Change April 22, 2021 Dennis Hollier FHFA chief Mark Calabria: “The reality is that, in the short run, there will be a pinch on the market, if you will."Read More
Ocwen Will Pay a ‘Modest’ Premium for Texas Capital’s MSRs April 22, 2021 Paul Muolo For Ocwen, the acquisitions represent a chance to grow its lending business and bolster its MSR portfolio. Read More
SFA Drafts Reporting Standards for Non-Agency MBS Servicers April 22, 2021 Brandon Ivey The voluntary standards are in response to complaints from non-agency MBS investors regarding disclosure of loan performance amid the pandemic. Read More
Ginnie Servicer Buyouts for Loss Mitigation/Foreclosure Jump 58% in 1Q21 April 20, 2021 John Bancroft The game is on: Ginnie Mae buyouts for loss mitigation/foreclosure purposes spiked in 1Q21 to $9.7 billion...Read More
Fannie and Freddie Ramp Up RPL Sales April 19, 2021 Dennis Hollier Fannie’s RPL activity has consisted entirely of whole-loan sales. Freddie, on the other hand, continues to focus its RPL activities on the securities side of the business.Read More
New Non-Agency MBS Issuer Offers Deal with Loans Originated by Owning April 19, 2021 Brandon Ivey PR Mortgage Investment is set to issue a $479.3 million non-agency MBS with conforming jumbos originated by Owning.Read More
Caliber's Sale Price of 1.0x Book Raises Some Eyebrows April 16, 2021 Paul Muolo If Caliber's MSR portfolio of $152.7 billion is valued at 100 basis points, that translates into a value of $1.52 billion, at least... Read More
A Nice Comeback for Non-Agency MBS Issuance in 1Q21 April 16, 2021 John Bancroft JPMorgan Chase was the top issuer of prime non-agency MBS with $4.08 billion in first-quarter issuance... Read More
Non-Agency MBS Issuance Up Sharply in First Quarter April 13, 2021 Brandon Ivey Some $3.86 billion of expanded-credit MBS was issued in the first quarter, up 13.2% from 4Q20...Read More