New Platform for Quick Loan Sales by Banks January 19, 2024 James Dohnert Clark Street Capital's Accelerated Bank Asset Network can help facilitate loan sales by banks in as little as two weeks.Read More
Short Takes: loanDepot Brings Systems Online / New Downpayment Assistance Programs / Flurry of Non-Agency MBS January 19, 2024 Brandon Ivey Many of loanDepot's consumer-facing websites went back online Thursday.Read More
Morgan Stanley Readies Jumbo MBS January 18, 2024 Brandon Ivey It's only the second jumbo MBS in the market thus far in January.Read More
Sales to GSEs Fall Off in 2023, UWM Remains Leader January 17, 2024 Dennis Hollier The dollar volume of mortgages going to Fannie Mae and Freddie Mac declined by 47.3% compared with 2022.Read More
Short Takes: Purchase-Mortgage Demand Lagging / Few Losses on Nonprime MBS / Broker Advocacy Group Goes Independent / New CEO at Ranieri Solutions January 17, 2024 Brandon Ivey Applications for purchase mortgages in early January were down 20% on an annual basis.Read More
Non-Agency MBS Issuance Down 41% in 2023 January 16, 2024 John Bancroft Volume was down on an annual basis across prime, subprime, Alt A and scratch-and-dent deals.Read More
Short Takes: Ginnie Considers New HECM MBS Product / Agreement in Congress on LIHTC / First American to Take a Hit / New Leader at NAAHL January 16, 2024 Brandon Ivey The new Ginnie product would relieve pressure for reverse mortgage lenders.Read More
Lakeview/Bayview Climbs to Top of Agency Servicers January 12, 2024 John Bancroft Lakeview handled $644.49 billion in agency servicing as of the end of 2023.Read More
loanDepot Inks Large Repo Deal Backed by MSRs January 12, 2024 Paul Muolo The $500 million repo line, with Goldman Sachs acting as administrative agent and one of the lenders, replaces an earlier repo facility.Read More
Large Securitization of Second Liens From Cerberus Affiliate January 11, 2024 Brandon Ivey The $455.6 million securitization of closed-end second liens is the largest securitization of newly-originated closed-end second liens seen in recent years.Read More