Change Seeing Success with Non-QM Program June 20, 2023 James Dohnert Change recently issued its first expanded-credit MBS to receive a AAA rating.Read More
Short Takes: Figure Expands to Wholesale / MPF Activity / Leadership Transition at Truist / New CFO at Cenlar June 20, 2023 Brandon Ivey Figure is now offering HELOCs through the wholesale channel.Read More
FHFA Increasing Efforts to Address Climate Change June 16, 2023 Dennis Hollier Eight internal working groups collaborate with FHFA's Climate Change and ESG Steering Committee to develop climate-related plans and policies.Read More
MBS Spreads Tighten, Providing Some Relief June 16, 2023 Paul Muolo Agency mortgage-backed security spreads to Treasuries recently moved to their tightest level in seven weeks.Read More
Short Takes: Servicers Reduce Staff / New Non-QM MBS / Homebuilder Buydown Tactics June 16, 2023 Brandon Ivey Staffing levels at servicers are declining, though not nearly at the rate seen on the origination side.Read More
Rocket, FirstKey Team on Closed-End Second Securitization June 15, 2023 Brandon Ivey It's the first securitization from Rocket of closed-end second liens.Read More
Short Takes: Fed’s Impact on Mortgage Rates / FHA Servicers Struggled Amid COVID / Ginnie Extends RON / Unknown Lenders in Annaly’s MBS June 15, 2023 Brandon Ivey Just because the Fed paused its interest rate increases doesn't mean rates on mortgages will stop going up.Read More
GSE MBS Issuance Increases in May June 14, 2023 Dennis Hollier Among the top 100 GSE lenders in May, most saw a significant sequential increase in production.Read More
Short Takes: FHA Offers Translated Docs / Redwood Cuts Dividend / Strong Demand for Change’s MBS / New Hire at Cenlar June 14, 2023 Brandon Ivey and Paul Muolo The translated documents include loan application materials, model documents and various disclosures...Read More
MSR Marks Drag Down Mortgage-Banking Income June 13, 2023 John Bancroft Operating income from servicing is stable; fluctuations in MSR valuations account for most of the ups and downs in the sector.Read More
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