MSR Investors Expect ‘Feeding Frenzy’ During Refi Wave June 28, 2024 Brandon Ivey Prepayment rates are expected to be higher than in previous refinance cycles because lenders have bumped up spending on technology to improve recapture rates and loan originators are eagerly anticipating increasing their volume.Read More
MSR Buyers Prepping for Split on Delinquencies in Agency MBS June 27, 2024 Brandon Ivey Servicers face more onerous advance requirements for delinquent loans in Ginnie MBS compared with loans in GSE MBS.Read More
Banks Add to Holdings of Agency Pass-Through Securities June 27, 2024 John Bancroft Holdings of agency pass-through securities at banks rose 8.6% during the first quarter to $398.47 billion.Read More
Short Takes: New-Home Sales Decline in May / Drayne to Join HPC / Big Banks Pass Stress Test / Non-QM Impairments Decline June 27, 2024 Brandon Ivey New-home sales declined by 11.3% in May.Read More
Lenders Reduce Mortgage Securitization Usage in 1Q June 26, 2024 Brandon Ivey The decline was driven by loans eligible for sale to the government-sponsored enterprises along with FHA and VA mortgages.Read More
MBS Backed by RTLs See Strong Investor Demand June 26, 2024 James Dohnert A new rating methodology boosts investor interest in fix-and-flip securitizations.Read More
Short Takes: Angel AI Announces Credit Repair Tool / HGI Credit Platform Reaches Milestone / Xactus Hires CFO / Mortgage Apps Up June 26, 2024 James Dohnert The AI chatbot tool is available now in various languages…Read More
HEL Lenders Innovate for Secondary Market June 25, 2024 James Dohnert Changes in underwriting standards for non-QM loans are a slippery slope, according to investors.Read More
Short Takes: Annaly to Issue Non-QM MBS / Stream Innovations Preps Home Improvement Loans ABS / MISMO Gets New Board Members / New CFO at Change Lending June 25, 2024 James Dohnert Only one originator contributed enough loans to the Annaly MBS to be named...Read More
Redwood Increases Partnership Network (Thank You Basel III) June 24, 2024 James Dohnert About 45% of Redwood's secondary-market partners are banks...Read More