Despite Closure, Sprout Mortgage Still Active in the Secondary Market October 19, 2022 Paul Muolo Meanwhile, Sprout was recently sued by a subsidiary of title insurance giant First American Financial Corporation...Read More
Home Price Depreciation Top of Mind for MBS Investors October 18, 2022 Brandon Ivey After years of soaring home price appreciation, MBS investors are concerned about a downside...Read More
Prime Non-Agency MBS Issuance Craters in 3Q22 October 18, 2022 Brandon Ivey Lenders are still originating plenty of mortgages that back prime non-agency MBS — it’s just that the loans are residing elsewhere...Read More
Ginnie MBS Issuance Continues to Slope Downward October 17, 2022 The top-three Ginnie issuers through the first nine months of 2022: PennyMac, Rocket Mortgage and Lakeview...Read More
Non-Agency MBS Market Runs Aground in 3Q22 October 14, 2022 John Bancroft It was the steepest decline since COVID, when production plummeted 45.1% in the second quarter of 2020.Read More
What Goes Up, Comes Down: Nonbank Repo Lines October 14, 2022 Paul Muolo One veteran warehouse manager, requesting anonymity, said his nonbank clients are looking to reduce spending anywhere they can.Read More
Two Harbors Pre-Announces 3Q Results, Makes a Big Adjustment to BV October 13, 2022 Paul Muolo These are not fun times for publicly traded mortgage stocks. REITs are no exception...Read More
Bayview to End Lull in Jumbo MBS Issuance October 12, 2022 Brandon Ivey Jumbo MBS creation has been limited amid rising interest rates.Read More
Ambac’s Countrywide MBS Lawsuit Ends With $1.8 Billion Settlement October 10, 2022 Brandon Ivey The ghost of Countrywide rises once again. Overall, Ambac was seeking damages of more than $3.0 billion from BofA...Read More
Non-QM Demand Varies, Creating Profitability Hurdles October 7, 2022 Brandon Ivey “Activity has been increasing," said LoanNEX's Eloise Schmitz...Read More
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