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Another Pandemic Victim: Blackstone’s CMBS Fund

July 27, 2020
Yemeng Yang

The net asset value of the Blackstone Real Estate Income Fund declined by 24% to $443 million as of March 31...


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Short Takes: About Those Million-Dollar Earners / Hear It and Then Cut It in Half / Rates? / BKFS on Forbearance / CHLA Addresses GSE Capital / A Promotion at Waterstone Mortgage

July 24, 2020
Paul Muolo and Dennis Hollier

Higher mortgage rates in six months? No one sees it...


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Amid the Pandemic, Auto Finance Drives Away in a Slumping ABS Market

July 24, 2020
John Bancroft

The vehicle-finance sector hit a pothole as new issuance skidded 26.0% from the first quarter to $21.61 billion. But that represented 62.9% of new ABS production for the second quarter.


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Are the Non-Agency COVID-19 Forbearance Numbers Reliable?

July 24, 2020
Brandon Ivey

In general, the nature of the non-agency market makes it difficult to standardize practices across the industry, let alone in individual MBS.


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Origination Boom Creating ‘Millionaire’ Loan Officers? Yes, Some

July 24, 2020
Paul Muolo

One mortgage CEO suggested LOs might spend their hard earned money on a new Tesla or maybe a beach house...


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The Final (Amazing) Tally for 2Q20: $865 Billion, a 17-Year High

July 23, 2020
John Bancroft

The top gainer among the 20-largest originators: Guaranteed Rate of Chicago...


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A Slight Increase in Mortgage Repurchases by Depositories

July 23, 2020
John Bancroft

The call-report figures generally track buyback trends documented by Fannie and Freddie, though the bank figures may include repurchases and indemnifications linked to other buyers.


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Another Quarterly Loss for New Residential, Originations Suffer

July 22, 2020
Paul Muolo

NRIC’s mortgage banking affiliate, NewRez, funded $8.3 billion of residential loans in 2Q20, a sequential decline of 27.2%...


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The Pandemic Effect? GSE FICO Scores Head North in 2Q20

July 22, 2020
John Bancroft

Mortgages with credit scores of 740 and up accounted for 72.69% of GSE refi business, up from 65.55% in the first quarter.


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The Pandemic Effect: A New Record High in Consumer Complaints

July 21, 2020
Yemeng Yang

The mortgage sector, which has been saddled with pandemic-related forbearance issues, has fallen off the complaint curve...


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