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
GSEs Turn More Risk-Averse in 4Q19 January 6, 2020 The dollar volume of purchase-loan deliveries declined across all nine risk categories, with the biggest drop taking place in the highest-risk bucket.Read More
ABS Issuance Fades in 4Q19. However… January 3, 2020 John Bancroft However, two asset categories – business loans and consumer loans – saw substantially higher production in the fourth quarter... Read More
Regulators Seek Comment on Credit Risk-Retention Rules January 2, 2020 Dennis Hollier Federal regulators have issued a request for comment on a review of credit risk-retention standards tied to the qualified mortgage “patch” and exemptions for community-focused and three- to four-unit mortgages. Read More
Redwood Packaging Seasoned Loans into MBS January 2, 2020 Brandon Ivey Mortgages in the pending deal have seasoned for an average of more than four years. The collateral has no delinquencies...Read More
FCI: Fintechs Increasingly Buying F&F Paper, Construction Loans January 2, 2020 Paul Muolo “They’re buying loans, not originating,” said Gordon Albrecht, EVP of FCI Lender Services, the nation's largest hard-money subservicer.Read More
A Cooling Trend Expected for Expanded-Credit MBS Issuance December 27, 2019 The biggest wildcard for the sector: The Consumer Financial Protection Bureau’s handling of the QM patch...Read More
A Unique HECM MBS from Blackstone Affiliate December 27, 2019 George Brooks This is FAR’s fourth HECM reverse mortgage deal and the first backed by active HECMs.Read More
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