Goldman to Issue Prime Non-Agency MBS with Recently Originated Loans May 19, 2020 Brandon Ivey The MBS from Goldman Sachs ends the pause in issuance of prime non-agency MBS that started in March when the coronavirus rear-ended the market...Read More
The COVID-Related Forbearance Train Keeps Slowing May 18, 2020 Paul Muolo According to figures compiled by Black Knight, 4.7 million homeowners are in forbearance plans... Read More
A Step Forward in the GSE IPO Process: RFPs Launched for Investment Advisors May 18, 2020 Dennis Hollier Fannie Mae: “The financial advisor will work closely with the company and the FHFA to consider business and capital structures, market impacts and timing, and available capital raising alternatives, among other items.”Read More
Angel Oak Set to Resume Issuance of Non-QM MBS May 18, 2020 Brandon Ivey Mortgages in the MBS have seasoned for an average of 7.7 months, according to a presale report from Fitch Ratings.Read More
Refi Wave Elevates VA to Record Level in Early 2020 May 18, 2020 John Bancroft A year ago, IRRRL activity totaled just $1.99 billion. In the first three months of 2020, it rocketed to $42.01 billion. Read More
1Q20 Drilldown: Pandemic Brings Huge Decline in REIT MBS Holdings May 15, 2020 John Bancroft Non-agency MBS holdings fell only $13.77 billion, but that represented a 64.9% decline.Read More
Surprise: First Republic Bank Preps Non-QM MBS May 15, 2020 Brandon Ivey Even more noteworthy: First Republic hasn’t issued any non-agency securities since the market meltdown of 2008. Read More
MorVest Explains Why the MBS Remittance Problem Isn’t Really a Problem May 13, 2020 Paul Muolo The result: The buildup of payoff funds dramatically reduces the P&I advance requirement...Read More
Redwood's CoreVest Readies First SFR MBS Since COVID Volatility Started May 12, 2020 Brandon Ivey Fitch and KBRA assigned preliminary AAA ratings to the new MBS. Both incorporated coronavirus-related stress measurements to their calculations...Read More
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