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Prime Non-Agency MBS in 3Q20 Fueled by UWM, Depositories

November 3, 2020
Brandon Ivey

Quicken Loans and loanDepot were the other nonbanks among the top five sources of collateral for these deals...


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CoreLogic’s Major Shareholders Continue Proxy Battle

November 3, 2020
Namrata Bhatia

On Tuesday, CoreLogic accused Senator and Cannae of “pursuing a misinformation campaign aimed at” distracting shareholders and destroying value.


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Trouble Ahead for Investors in Non-Agency MBS?

November 2, 2020
Brandon Ivey

This summer, non-cash-flowing loans as a share of aggregate current balance of non-agency MBS ranged from around 5% of post-2010 prime non-agency MBS to as high as 26% for legacy deals...


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Jumbo Rates Remain Stubbornly Above GSE Loans

November 2, 2020
Brandon Ivey

Research published by AEI shows that, between 2014 and 2019, the average interest rate on jumbos was 29 bps lower than on agency loans.


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Slip, Sliding Away: The Ginnie Mae Servicing Market

November 2, 2020
John Bancroft

Eight of the top 10 Ginnie servicers as of the end of September had smaller portfolios than at the midway point in the year.


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CMBS Issuance Stages a Comeback, SFR/Industrials Boom

October 30, 2020
John Bancroft

Much of the third-quarter rebound came from securitization of mortgages on industrial properties.


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LO Compensation Continued to Climb in the Third Quarter

October 30, 2020
Yemeng Yang

Commissions earned by LOs were up 50% in 3Q20 from a year ago, with the average LO facilitating 51% more volume...


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Forget the Mortgage IPO Craze, Nonbanks Increasingly Turn to Debt

October 30, 2020
Paul Muolo

IPOs can be expensive and complicated, but debt offerings are more of a sure thing (for the right shop)...


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Redwood Posts Profit in 3Q, Restarts Aggregation Business

October 30, 2020
Brandon Ivey

Redwood locked $2.1 billion in mortgages during the third quarter but only acquired $176 million...


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Losing Market Share Once Again: The FHA Program

October 29, 2020
John Bancroft

The FHA share of the insured agency market fell to 22.7%, down from 23.5% in the second quarter and 28.8% a year ago.


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Latest Imf News

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