Caliber's Sale Price of 1.0x Book Raises Some Eyebrows April 16, 2021 Paul Muolo If Caliber's MSR portfolio of $152.7 billion is valued at 100 basis points, that translates into a value of $1.52 billion, at least... Read More
A Nice Comeback for Non-Agency MBS Issuance in 1Q21 April 16, 2021 John Bancroft JPMorgan Chase was the top issuer of prime non-agency MBS with $4.08 billion in first-quarter issuance... Read More
Non-Agency MBS Issuance Up Sharply in First Quarter April 13, 2021 Brandon Ivey Some $3.86 billion of expanded-credit MBS was issued in the first quarter, up 13.2% from 4Q20...Read More
Mr. Cooper Plans to Amp Up Its Ginnie EBO Game April 13, 2021 Maria Volkova Bray noted that Ginnie’s memorandum, which established a new pool type for re-performing loans, “puts significant restrictions" on issuers, increasing both the risk and the cost... Read More
A Big Improvement in the Ginnie Mae Forbearance Category April 12, 2021 Paul Muolo When it comes to forbearance, Black Knight noted widespread improvement “with all investor classes seeing significant declines" in active cases...Read More
In 1Q21, A Record $92.3 Billion for VA Refis April 12, 2021 John Bancroft Old-fashioned rate-term transactions still accounted for most of the VA refi market, at 89.1% in the first quarter... Read More
Bayview Aggregating Jumbos for MBS Issuance April 9, 2021 Brandon Ivey Bayview hired former employees of Redwood Trust to boost its jumbo-mortgage aggregation efforts. Read More
MFA Stocks Another Non-QM MBS with Loans from Acra April 9, 2021 Brandon Ivey The $394 million MBS from MFA marks the debut of ServiceMac as a subservicer for Acra Lending...Read More
Structured Finance Market Off to Solid Start in 1Q21 April 9, 2021 John Bancroft Some $81.01 billion of non-mortgage ABS came to market in the first quarter, a hefty 85.8% gain from the previous period.Read More
In 1Q21, A Downdraft for Purchase-Money Securitizations April 8, 2021 John Bancroft The two government-sponsored enterprises saw a steeper 20.4% drop in purchase-loan volume, while the government-insured market fell 16.9%...Read More