Rate-Lock Woes Hit Non-QM Lenders April 11, 2022 One problem: Non-QM lenders haven't been hedging their pipelines...Read More
Across the Board Pain for Structured Finance in 1Q22 April 11, 2022 John Bancroft The silver lining is that agency purchase-loan business was up 4.0% from the first three months of 2021. That’s a promising sign...Read More
The Correction is Here: 1Q22 MBS Issuance Down 37% April 7, 2022 John Bancroft As might be expected, most of the erosion has been in the refinance market.Read More
Sources: Non-QM Lender Sprout Trims Staff April 7, 2022 Paul Muolo At press time, Long Island-based company, started by Alt A veteran Michael Strauss, could not be reached for comment.Read More
The Mother of All Interest Rate Rises? April 6, 2022 Paul Muolo Steve Harris, president of MIAC Analytics: Large scale MBS selling by the central bank will “make mortgages perform even worse"...Read More
GR Ponders Conduit to Take Advantage of LLPA Changes April 5, 2022 Paul Muolo For years, GR has been an active originator of mortgages on second homes and has developed strong ties to real estate agents in resort areas.Read More
USDA Loan Issuance Up in 2021, Down in Fourth Quarter April 5, 2022 Monica Hogan The top issuer of USDA rural housing loans in 2021: PennyMac Financial Services with $6.76 billion...Read More
Agency REMIC Issuance Unchanged in 2021, with Some Jockeying April 1, 2022 Brandon Ivey Fannie and Freddie reduced their REMIC/CMO issuance by 22.5% and 27.7%, respectively...Read More
Amid Issuance Slowdown, Bayview Offers GSE IPL Deal March 30, 2022 Brandon Ivey The mortgages have seasoned for an average of 5.7 months and have a coupon of 3.65%...Read More
GSE Loan Repurchases Rise Sharply in Booming 2020-21 Market March 28, 2022 John Bancroft Repurchases on the 2020 vintage, currently $2.37 billion, likely will edge higher...Read More
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