Barclays Stocks (Somewhat) Seasoned Non-QMs in New MBS August 26, 2022 Brandon Ivey Loans in the deal have seasoned for an average of nine months...Read More
Rising Steadily in 2Q22: Jumbo Servicing Balances August 24, 2022 Brandon Ivey Among the top 10 jumbo servicers, the largest growth was recorded at Flagstar Bank and NewRez/Shellpoint.Read More
Beating the Odds on Non-Agency Profitability: Velocity August 24, 2022 Brandon Ivey The publicly traded nonbank posted net income of $10.8 million in 2Q22...Read More
With Former Wall Streeter in Charge, Altisource Emphasizes Bridge Loans, DSCR August 23, 2022 Brandon Ivey The CEO discouraged observers from comparing AAM’s operations to those of traditional non-agency aggregators...Read More
Bank Appetite Boosted Jumbo Production in 2Q22 August 22, 2022 Brandon Ivey The top three jumbo lenders in 2Q22: Wells Fargo, JPMorgan Chase and Bank of America...Read More
Sources: Sprout Owner Strauss Puts NYC Penthouse Up For Sale August 18, 2022 Sam Manas Zillow, earlier this week, was listing the apartment at $26.5 million...Read More
Change Opts for Income Documentation with Latest MBS August 18, 2022 Brandon Ivey Change, because it's a CDFI, is exempt from the Consumer Financial Protection Bureau’s ability-to-repay requirements.Read More
Angelo Gordon Unit Stocks GSE-Eligible Loans Into Non-Agency MBS August 17, 2022 Brandon Ivey It's the first non-agency MBS with GSE-eligible mortgages for investment properties since May.Read More
A Few Months After Launch, Non-QM Correspondent Effort Shuttered August 12, 2022 Paul Muolo Another non-QM lender has fallen...Read More
Impac’s Originations and Profit Margins Plummet in 2Q22 August 12, 2022 Brandon Ivey The lender's gain-on-sale margin plunged to just 14 basis points in the April-June period from 124 bps in 1Q22.Read More
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