More Turbulence for Non-QM Whole Loans? June 22, 2022 Paul Muolo A federally insured bank that had been buying non-QMs on a correspondent basis last month shut its window.Read More
Retail Channel Holds Up (Sort Of) as Jumbos Take a Hit June 16, 2022 Brandon Ivey Retail jumbo lending tends to be dominated by banks...Read More
Lenders Defend Offering DSCR Loans with Negative Cash Flow June 15, 2022 Brandon Ivey Non-agency originator Deephaven Mortgage accepts DSCR ratios as low as 0.75...Read More
CDFIs Under Scrutiny as Their Non-QM Production Increases June 14, 2022 Brandon Ivey Loans originated by CDFIs also are exempt from risk-retention requirements...Read More
Finance of America Names Interim CEO, Cook Remains as Consultant June 14, 2022 Paul Muolo Cook, a former Freddie Mac and JPMorgan executive, announced her retirement earlier this year.Read More
Angel Oak Ends Lull in Non-QM MBS Issuance June 10, 2022 Brandon Ivey The MBS is stocked with loans originated before the runup in interest rates.Read More
Velocity Preps Non-Agency MBS, Ending a Lull in Market Activity June 8, 2022 Brandon Ivey The $315.2 million MBS includes a mix of commercial RE and residential investment properties.Read More
Mortgage Companies Paying Up on New Debt Offerings June 7, 2022 Brandon Ivey Interest rates on debt offerings by mortgage companies are on the rise.Read More
Large Nonbanks Dip Their Toes Into the HELOC Pool. More to Come? June 1, 2022 Brandon Ivey Among nonbanks offering HELOCs, NewRez is hardly alone...Read More
CDFIs Not Abusing their ATR Exemptions May 31, 2022 Brandon Ivey Mortgages originated by Community Development Financial Institutions don't need to follow ability-to-repay standards established by the Consumer Financial Protection Bureau.Read More
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