Invictus Set to Issue its Largest Expanded-Credit MBS Ever January 22, 2020 Brandon Ivey The $699.2 million expanded-credit security tops a $681.0 million deal Invictus issued in October. Read More
Radian Sells Due Diligence Unit Clayton – At a Loss January 22, 2020 Paul Muolo Radian bought Clayton in 2014, paying a hefty $305 million for the business, a price that many observers thought was a bit rich.Read More
Nonbank Market Share Sets New High in Agency Business January 21, 2020 John Bancroft Only two banks ranked among the top agency sellers last year: Wells Fargo and JPMorgan Chase. Read More
A Milestone: Non-Agency MBS Issuance Hits a Post-Crisis High in 2019 January 17, 2020 Fun Fact: The expanded-credit MBS sector posted a hefty 130.3% jump in new issuance during 2019… Read More
FHFA Seeks Comments on PACE Liens. A Change of Heart? January 16, 2020 Paul Muolo The request-for-comment announcement suggests the FHFA might be open to changing its position. Comments are due March 16.Read More
Angel Oak Stocks Expanded-Credit MBS with Fixed-Rate Mortgages January 16, 2020 Brandon Ivey Expanded-credit MBS with a small share of adjustable-rate mortgages are somewhat rare.Read More
Short Takes: FHFA Restructures CSS Board / Meaning? / JPM Readies Non-Agency MBS / New Applications Spike January 15, 2020 Paul Muolo and Brandon Ivey The FHFA has enormous sway over the CSS because of its role as regulator and conservator of Fannie and Freddie. However, once (if) the two are recapped and released, that won’t necessarily be the case… Read More
SFR Securitizations Flounder Without Invitation Homes January 15, 2020 Brandon Ivey Some $4.47 billion of single-family rental securities were issued in 2019, a 35% drop from the previous year… Read More
Short Takes: A Shout-out for the NHTF / Pulling the Lever on Fannie, Freddie Disbursements / Annaly and Caliber Ready Non-Agency MBS Deals / Impac Attorney Departs for Sprout January 14, 2020 Paul Muolo and Brandon Ivey The key to affordable housing financing: Fannie Mae and Freddie Mac...Read More
Expanded-Credit Loans Drive Increase in Non-Agency Activity January 14, 2020 Brandon Ivey Fun fact: Expanded-credit MBS accounted for 66.6% of non-agency issuance in 2019, compared with 43.7% in the previous year.Read More
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