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... Read More
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.Read More
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... Read More
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.Read More
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.Read More
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. Read More
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...Read More
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)...Read More
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...Read More
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. Read More