Lenders Stretching the Credit Box on GSE Loans July 12, 2021 Brandon Ivey At the other end of the spectrum, deliveries of refi loans with credit scores of 740 or higher fell 20.1% from the first to the second quarter...Read More
Sagging Agency MBS Weighs on Overall Securitization Market in 2Q July 9, 2021 John Bancroft The Ginnie market actually held up fairly well with a slim increase over the first quarter...Read More
Finally: GSEs and Non-Agency MBS Now on Level Playing Field with QMs July 9, 2021 Brandon Ivey The hope is that the non-agency market will now be on closer to equal footing with the GSEs in terms of compliance burdens relating to the CFPB...Read More
ORIX Top Multifamily MBS Servicer in Ginnie Market July 8, 2021 John Bancroft ORIX, now operating as Lument, serviced $21.22 billion of GNMA multifamily MBS at the end of May, or 15.5% of the market... Read More
Non-Agency MBS Issuance Hits Post-2009 Record in 2Q21 July 6, 2021 Brandon Ivey Issuance of non-agency MBS jumped by more than 80% on a sequential basis in the second quarter of 2021.Read More
Jumbo Correspondent Production Booms... June 30, 2021 John Bancroft Correspondent production of jumbos spiked 53.3% from 4Q20 to 1Q21, fueling a 2.6% increase in total jumbo lending.Read More
Angel Oak Boosts Volume with Latest Non-QM MBS June 30, 2021 Brandon Ivey The $303 million deal is the third MBS from Angel Oak this year and the largest of the three.Read More
Securitization Rate Cools Off as Originations Edge Higher June 29, 2021 John Bancroft Then again, Fannie and Freddie don’t buy everything that’s eligible. In recent months, there has been a burst of non-agency MBS issuance backed by GSE-eligible loans...Read More
Citi and PennyMac Partner on Non-Agency MBS with GSE-Eligible Loans June 29, 2021 Brandon Ivey The MBS will be the first from Citi with GSE-eligible loans and it marks PennyMac's return to the sector after years away.Read More
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