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Home » Topics » IMFnews » Secondary/MBS

Secondary/MBS
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Surprise: Goldman Sachs Aggregating Jumbos and Conforming Loans for Non-Agency MBS

March 22, 2019
Brandon Ivey
Goldman hasn’t been active in the prime non-agency MBS market except for a one-off deal in 2014.
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MBS Trading Falters Slightly but Strong Overall

March 22, 2019
Paul Muolo
One fact is certain: January and February were not good months for the production of Fannie Mae, Freddie Mac and Ginnie Mae securities.
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What We’re Hearing: Goldman Sachs is Doing What? / A Wall Street Warm Up? / 10.75% Money for Freedom Mortgage / A Grade of B+ / The Green New Deal a More Important Issue than Calabria? / CoreLogic Executive Lands Top Post at Fannie Mae

March 22, 2019
Paul Muolo
In the Senate, the 'Green New Deal' is more important than Mark Calabria?
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The Non-QM Bright Spot Continues to Grow

March 21, 2019
Brandon Ivey
“In 2018, our lending units saw a distinct rise in the popularity and use of non-QM products as more creditworthy borrowers turned to these innovative options,” said Angel Oak’s Michael Fierman…
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Short Takes: The Supremes Rule on Foreclosures and the FDCPA / It’s Good to be King, Unless You’re the CEO of Freddie Mac / Angel Oak Bolsters Office Space Big Time / Tennessee Bank Looking for Non-QM Loans / Two New Directors for Fannie / Correction: Fre

March 21, 2019
Brandon Ivey and Paul Muolo
Based on Freddie’s annual profits, CEO Don Layton is probably one of the two most underpaid bosses in the world of finance. Soon that distinction will belong to David Brickman...
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JPM Pondering Non-QM Finance Opportunities?

March 20, 2019
Paul Muolo
“They’ve approached a few lenders,” he said, “and have some others to see.”
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Short Takes: Getting the Industry’s Pulse on GSE Reform / Who Gets to Lead? / Why Phillips Didn’t Get the FHFA Job / The Battle for Risk / Selling Shares in Invitation Homes / Radian Names Dave Stevens to Its Board

March 20, 2019
Paul Muolo and George Brooks
Who knows more about GSE reform: the White House or Treasury? We get a sense the two parties don't see eye to eye on everything...
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Chimera Readies Another Non-Agency MBS Backed by GSE-Eligible Investment Loans

March 19, 2019
Brandon Ivey
Some lenders and MBS issuers are seeing better execution for GSE-eligible loans in the non-agency market…
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Short Takes: Why the GSE Net Worth Sweep Won’t be Reversed / Recap and Release? / A Much-Watched Profit Reading / Starwood and Impac, a Symbiotic Relationship / Bank Failures, Anyone? / Reverse Lender Hires Sales Chief

March 19, 2019
Paul Muolo and Brandon Ivey
Each quarter, GSE profits reduce the federal budget deficit. If that cash is forfeited...
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GNMA MBS Production Down Sharply in February

March 18, 2019
John Bancroft
Much of the reduced refi business resulted from a 14.8% drop in cash-out transactions...
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