Short Takes: Problems in Non-QM Land? / Not Really / Keeping an Eye on Velocity’s IPO / BofA Gets CFPB ‘No Action’ Letter / One is the Loneliest Number (Among the Top Ginnie Issuers) January 13, 2020 Paul Muolo and Yemeng Yang The IPO of nonprime lender Velocity Financial could price later this week or next…Read More
Goldman Stocks Jumbo MBS with Loans from Nonbanks January 13, 2020 Brandon Ivey HomeBridge Financial Services is the top contributor to the $488.80 million MBS with a 19.9% share.Read More
A New Annual Record for Ginnie Mae Issuance January 13, 2020 John Bancroft Including securities backed by FHA home-equity conversion mortgages, total Ginnie single-family MBS issuance hit $508.62 billion, also a record. Read More
Short Takes: Blowout Earnings for the GSEs? / Juicing the Debate / A Frothy Non-QM Secondary? / Dow 29,000 / Greystone Buys Commercial Servicer January 10, 2020 Paul Muolo Stronger GSE earnings will bolster retained capital, which could juice the recap-and-release debate even more…Read More
Nonprime Lender Readies IPO, Wall Street Lines Up to Underwrite the Deal January 10, 2020 Paul Muolo According to one document we saw, Velocity has a post-IPO valuation ranging from $266 million to $304 million. Read More
A Blowout 2019 for MBS/ABS Issuance January 10, 2020 John Bancroft However, agency MBS was the star of the structured finance show in 2019… Read More
MBS Issuance by the GSEs/Ginnie Soars to a Six-Year High January 9, 2020 John Bancroft Meanwhile, when it comes to the top seller/issuers, Quicken Loans was not too far behind market leader Wells Fargo: $126.9 billion to the megabank’s $132.4 billion… Read More
New Residential Preps First Expanded-Credit MBS of the Year January 9, 2020 Brandon Ivey The $278.5 million expanded-credit MBS from New Residential Investment Corp. is somewhat smaller than any of the five deals the firm issued in 2019.Read More
Deephaven Non-QM Executive Jumps Ship for Competitor Sprout January 8, 2020 Paul Muolo Sprout was launched last decade by nonprime veteran Michael Strauss...Read More
GSE MBS Issuance Tops $1T in 2019, Best Showing in Six Years January 7, 2020 John Bancroft New MBS production was up 32.0% from 2018 as an unexpected wave of refinancing business continued to pour into the secondary market.Read More
RSS