Annaly Steps Up Expanded-Credit MBS Issuance September 15, 2023 Brandon Ivey It’s the seventh expanded-credit MBS of the year from the real estate investment trust.Read More
Saluda Grade Ramps Up Home Equity Investments September 14, 2023 James Dohnert Saluda Grade has announced new funding for its HEI business and is set to issue a HELOC securitization.Read More
Short Takes: Chase Stocks Jumbos in MBS / Approvals in 5 Minutes / Share of ‘Overvalued’ Homes Declining / New Advisory Committee at FHFA September 14, 2023 Brandon Ivey Chase originated all of the mortgages in its latest jumbo MBS.Read More
Trade Groups Seek More Details, Delay on Capital Proposal September 13, 2023 Brandon Ivey Banking trade groups also called for a re-proposal or a new 120-day comment period.Read More
Interest Rates a Factor in Mortgage M&A Activity September 13, 2023 James Dohnert “I think a lot of companies bet late last year and early this year that rates would be materially lower by now than they are,” said Brian Hale, CEO and founder of Mortgage Advisory Partners.Read More
Short Takes: Refi Demand Down / MIAC Settles With SEC / Fannie Selling Reperforming Loans / Goldman’s Stake in Better / Lender M&A September 13, 2023 Brandon Ivey and Paul Muolo Demand for refis fell to a level seen at the beginning of the year...Read More
SFA Making Progress on Non-Agency MBS Disclosure Revisions September 12, 2023 Brandon Ivey SFA is close to offering a first iteration of the revisions, which will focus on prime jumbo MBS.Read More
Short Takes: Chopra Concerned About CFPB’s Future / MSRs for Sale / AI Summit / PacWest’s CRT Upgraded September 12, 2023 Brandon Ivey and Paul Muolo Uncertainty for the CFPB and the mortgage industry ahead of a Supreme Court case...Read More
Agency MBS Issuance Begins to Fizzle September 11, 2023 John Bancroft Fannie had the lowest output of the three agencies in August...Read More
Rocket Readies Another Closed-End Second-Lien MBS September 11, 2023 James Dohnert The MBS is top-heavy in loans from California, Florida, Georgia and North Carolina...Read More