PIMCO Postpones IPO for REIT, Citing Unfavorable Market Conditions May 15, 2019 Brandon Ivey PIMCO Mortgage Income Trust: “The company elected to postpone the offering as a result of unfavorable equity market conditions..."Read More
Short Takes: Former FHA Chief Stevens Weighs in on Administrative Reform of the GSEs / Watch the Swim Lanes / New Executive Hires for Angel Oak / Redwood Preps Prime Non-agency MBS / Not All Agree on CLO Standards May 14, 2019 Paul Muolo and Brandon Ivey Will new FHFA chief Mark Calabria narrow the GSE swim lanes?Read More
Chase to Issue its First Post-Crisis MBS Backed by Investment Properties May 14, 2019 Brandon Ivey A number of lenders and issuers have seen better execution for GSE-eligible investment-properties in non-agency MBS instead of delivering the product directly to Fannie and Freddie...Read More
Short Takes: China, Trade and Falling Rates / Rethinking the Downpayment Idea / Understanding Reverse Mortgages / It’s Official: Hill Vet Clinton Jones Joins the FHFA May 13, 2019 Paul Muolo and Dennis Hollier The way FHFA Director Mark Calabria keeps adding staff, the agency might need more office space...Read More
Flagstar Faces Financial Exposure on Failure of Reverse Lender May 13, 2019 Dennis Hollier Reverse lender Live Well Financial of Virginia closed its doors last week, laying off roughly 100 full-timers... Read More
Large Non-QM Deals on the Way from WAMCO and Verus May 13, 2019 Brandon Ivey Western Asset Management's new non-QM deal is sized at nearly $1.0 billion...Read More
Signs of Life: A 24% Jump in Ginnie Mae Issuance May 13, 2019 John Bancroft The volume of both purchase and refinance loans was up sharply from March... Read More
CMBS Issuance Nicked, GSE MF MBS Off 29 Percent in 1Q19 May 10, 2019 John Bancroft Ginnie Mae multifamily securitization fell 34.4% in the first quarter.Read More
Short Takes: Waiting on Jones (at the FHFA)? / A Deep Resume on All Things Housing / Calabria’s Upcoming Speech / More on GSE R&R? / Carrington Preps Nonagency MBS / Freddie Offers a Swap May 9, 2019 Paul Muolo Mark Calabria's deep bench is about to get deeper...Read More
The Ginnie ‘Liquidity Letter’ Meetings are Over. Now What? May 9, 2019 Paul Muolo The 14 Ginnie Mae nonbank issuers were never identified by the agency but everyone in the industry knows who they are...Read More
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