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Home » Topics » IMFnews » Secondary/MBS

Secondary/MBS
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Short Takes: Letting the Cat out of the GSE Bag / What Are You Doing for the 11th Anniversary? / Portfolio Growth, Anyone? / Shareholders Come First, Always / A Quarterly Loss for Cherry Hill

August 9, 2019
Paul Muolo
The big question that everyone wants to know: If released eventually from the shackles of conservatorship, will Freddie and Fannie grow those investment portfolios back up?
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Agency MBS Issuance Soars in July, Purchase Loans Star

August 9, 2019
John Bancroft

At Fannie and Freddie, cash-out refinance volume was up 16.0% from June, while rate-term transactions rose 12.6%.


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CEO of GSE Single-Security Platform to Depart, No Specific Date Provided

August 8, 2019
Dennis Hollier

CSS has retained Spenser Stuart – a talent vendor frequently used by Fannie – to conduct an executive search.


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Verus Set to Issue Another Large Expanded-Credit MBS

August 7, 2019
Brandon Ivey

The $569.11 million MBS will be the third deal of the year from Verus with a dollar volume greater than $500 million.


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Short Takes: Ocwen’s Cash Position / Stocks for Under $5, Not Necessarily a Bargain / Lenders One Gets New Sales Chief / The Altisource Connection / NAR’s New Senior Policy Rep

August 6, 2019
Paul Muolo

The Lenders One co-op is controlled by industry vendor Altisource Portfolio Solutions, which is pondering a sale. Altisource is publicly traded and started out in life as part of Ocwen…


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Large Chunk of GSE Business is Outside of ‘Core’ Functions

August 5, 2019
Brandon Ivey

Fannie/Freddie "noncore" loans include conforming jumbos, mortgages with debt-to-income ratios greater than 43%, investor loans/second properties and cash-out refinances...


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PIMCO Aggregating Loans from Older Non-QM MBS in New Issuance

August 5, 2019
Brandon Ivey

More than 80% of the loans were in MBS issued in 2016 and 2017 that have since been “collapsed,” according to a report from Fitch Ratings.  


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CMBS Market Fueled by Non-Agency Paper

August 2, 2019
John Bancroft

The securitization of retail-property mortgages plummeted 25.7% from 1Q to 2Q, IM&A found...


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An Earnings Decline for Redwood but REIT Sees Margins Normalizing

August 2, 2019
Brandon Ivey

During the quarter, Redwood issued a $400.84 million prime non-agency MBS and sold approximately $800 million through whole loan executions.


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Short Takes: Fannie Mae Warns of a ‘Draw’ From Treasury / Blame CECL / Ginnie Places Restrictions on Cash-out Refis of VA Loans / Blank Rome Hires Industry Veteran Samlin

August 1, 2019
Paul Muolo and Dennis Hollier

Ginnie Mae is turning off the spigot on refinances of high LTV mortgages guaranteed by the VA...


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