Redwood Incorporating Blockchain in Its Non-Agency MBS September 15, 2021 Brandon Ivey While the use of blockchain in a prime non-agency MBS is a first, rating services were unmoved by the technology.Read More
Impac Executive Donatacci Departs for The Money Source September 14, 2021 Paul Muolo Donatacci joined the non-QM and conventional lender roughly two years ago.Read More
Verus Ends Lull in Expanded-Credit MBS Issuance September 14, 2021 Brandon Ivey It's been two weeks since an expanded-credit MBS hit the market...Read More
Expanded-Credit Lending Near Pre-COVID Levels in Second Quarter September 13, 2021 Brandon Ivey The most prominent participants in the EC market are nonbanks. However, the top two lenders in the second quarter were depository institutions.Read More
Hope Springs Eternal Among Non-QM Participants September 10, 2021 Brandon Ivey Expanded-credit mortgages, which include non-QMs, accounted for only 0.9% of total first lien mortgage originations in the second quarter of 2021.Read More
Separate Organizations Working to Revise Non-Agency MBS Dataset September 8, 2021 Brandon Ivey The dataset was developed in 2009 by the American Securitization Forum, which is now defunct.Read More
Credit Suisse Readies Unique Non-QM Warehouse Funding Securitization September 3, 2021 Brandon Ivey The deal marks the first warehouse financing securitization to include non-QMs as eligible collateral.Read More
Short Takes: FTC Has Some Questions for Invitation Homes / Stock Price Doing Just Fine / AO Busy Opening New Branches / A Non-QM Rush? / Publishing Break September 3, 2021 The FTC has some questions for SFR giant Invitation Homes. Details? None...Read More
KBW Sees Improvement at Ocwen, Upgrades Estimates September 2, 2021 Paul Muolo At press time, Ocwen's common was trading at $28.06 compared to a 52-week low of $17.29 and a high of $35.08.Read More
Investment-Property Loans Dominate Non-Agency MBS Issuance September 2, 2021 Paul Muolo Just how hot is the IPL market? Two well-regarded Wall Street firms — Credit Suisse and Goldman Sachs — brought out their first deals of the year...Read More