Mortgage Market Mayhem: In Sunday Afternoon Move, Fed Cuts Rates to Near Zero March 15, 2020 Paul Muolo The biggest risk for the purchase-mortgage market: an unemployment rate that could shoot into the stratosphere. Read More
Coronavirus-Related Turmoil Slows Non-Agency MBS and ABS Issuance March 13, 2020 Brandon Ivey Investors and issuers alike are suffering from a case of interest rate whiplash. Read More
GSE ‘Noncore’ Business Actually Increased in 2019 March 11, 2020 Brandon Ivey It would appear that Calabria, who took charge a little over a year ago, hasn’t made much progress in the matter.Read More
Coronavirus Concerns? Non-Agency Issuers Moving Ahead with Deals March 11, 2020 Brandon Ivey As interest rates decline significantly, there's a risk that investor demand will fade... Read More
Self-Governance for the Non-Agency MBS Sector? March 10, 2020 Brandon Ivey The big challenge: How, exactly, the non-agency MBS sector might establish self-governance…Read More
Ginnie MBS Issuance Hit a Seasonal Skid in February March 10, 2020 John Bancroft The top 10 Ginnie Mae issuers in February were all nonbanks, with PennyMac and Freedom Mortgage ranking first and second, respectively…Read More
Stocks Plunge, Treasury Yields Plunge, Pipelines Swell? March 9, 2020 Paul Muolo The the spike in refi activity has “meaningfully” increased the pricing power for originators, said KBW. The research firm said gain-on-sale margins from secondary market loan sales should be exceptionally strong.Read More
Agency MBS Creation Slowed in February. However… March 6, 2020 John Bancroft The top two agency MBS issuers in February? Answer: Nonbanks Quicken Loans and PennyMac… Read More
MFA Stocks its First Expanded-Credit MBS with Loans from Citadel March 5, 2020 Brandon Ivey Nearly 12% of loans were underwritten using only one month of bank statements as the main source of income verification.Read More
Freedom’s REIT Affiliate Will Avoid Nonconforming Market for Now March 2, 2020 Paul Muolo Although the REIT will avoid non-QM assets this year, it believes the market for the product will continue to grow...Read More