Annaly Readies Another Non-Agency MBS, This One Backed by GSE-Eligible Investment-Property Loans June 12, 2019 Brandon Ivey Issuers say they receive better execution on GSE-eligible investment-property loans in the non-agency market rather than delivering the collateral directly to Fannie and Freddie... Read More
Securitization ‘Fallback’ Lingo Drafted for the End of LIBOR June 11, 2019 Brandon Ivey Tom Wipf of Morgan Stanley: "It’s time that all market participants transition their products away from U.S. dollar LIBOR where possible..."Read More
When it Comes to Jumbos, Retail is Still the King June 11, 2019 Brandon Ivey Bank of America, the nation’s second largest jumbo producer, only uses the retail channel…Read More
Ginnie Mae Exploring ‘Non-Traditional’ MSR Ownership June 11, 2019 Paul Muolo Ginnie, it seems, is looking for assurances from “capital providers,” whomever they may be… Read More
Short Takes: Are the GSEs SIFI? It All Depends / No Witness List Yet for the Hearing / Phillips’ Replacement? / An M&A Deal Among Vendors / GAO Weighs in on Carson’s Spending Habits June 10, 2019 Paul Muolo Is the vendor sector ripe for M&A activity?Read More
Non-Agency Lenders Hoping and Waiting for an End to the GSE ‘Patch’ June 10, 2019 Brandon Ivey The GSE patch is scheduled to end in January 2021... Read More
Ginnie Mae MBS Issuance Jumps 18% in May June 10, 2019 John Bancroft In May, the top three Ginnie MBS issuers were PennyMac, Freedom Mortgage and United Wholesale Mortgage… Read More
Ellington Returns to Non-QM MBS Market, Sourcing Mortgages from LendSure June 10, 2019 Brandon Ivey Non-QMs account for 76.3% of the collateral... Read More
Agency MBS Issuance for May: $116 Billion, the Best Reading of the Year June 7, 2019 John Bancroft Fannie Mae led the pack with $43.58 billion in MBS issuance last month, a 32.9% jump from April... Read More
Trickle of Jumbo MBS Issuance Continues with First Deal of the Year from AIG June 7, 2019 Brandon Ivey Just three weeks remain in the month. By this point in 2018, AIG had issued two jumbo deals.Read More
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