Jumbo Denial Rates Fell to 11% Last Year May 4, 2022 Brandon Ivey Wells Fargo received the highest number of applications for jumbos and had an overall jumbo denial rate of 14.3%.Read More
Mortgage-Investing REIT MFA Takes $83M Loss in 1Q as Collateral Value Drops May 4, 2022 Brandon Ivey MFA was holding whole loans with an average unpaid principal balance of $8.3 billion at the end of March.Read More
Angel Oak, Annaly Offer a Mix of Loans in Latest MBS May 3, 2022 Brandon Ivey The MBS contain mortgages from a variety of lenders, including newer production and loans originated more than two years ago.Read More
Mega REIT Annaly Plans to Increase Non-Agency Mortgage Activity May 3, 2022 Brandon Ivey No secret here: Annaly is becoming a player in the non-agency whole loan market...Read More
Expanded-Credit MBS Issuance Hits Record in 1Q22 May 2, 2022 Brandon Ivey The increase in expanded-credit MBS issuance in 1Q22 was driven by non-QMs...Read More
Redwood to Acquire Bridge-Loan Originator; Profit Declines in 1Q April 29, 2022 Brandon Ivey Riverbend Funding originated more than $1.0 billion of bridge loans over the past 12 months...Read More
Second Liens from Spring EQ Back New Non-Agency MBS April 27, 2022 Brandon Ivey Saluda Grade has issued a handful of other non-agency MBS backed by second liens...Read More
Another Reduction-in-Force at Sprout Mortgage? April 22, 2022 Paul Muolo The brainchild of industry veteran Michael Strauss, Sprout is a top-10 ranked originator of non-QMs.Read More
GSE Investment-Property Volume Holds Up Fairly Well in 1Q22 April 20, 2022 Brandon Ivey Noncore products entail collateral that might be handled by the non-agency market...Read More
Court Dismisses Selected Claims in Angel Oak LO Lawsuit April 20, 2022 Brandon Ivey Overall, Angel Oak made nine claims against the LOs and LendSure...Read More
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