Angelo Gordon Enters the GSE-Eligible Non-Agency MBS Market January 6, 2022 Brandon Ivey Blue River Mortgage III, Angelo Gordon’s conduit, started acquiring Fannie/Freddie-eligible loans for investment properties last year.Read More
First Non-Agency MBS of 2022 Stocked with GSE-Eligible Loans January 4, 2022 Brandon Ivey Collateral from a variety of lenders will be included in the deal, led by Paramount Residential Mortgage with a 7.5% share.Read More
A Gain for Wholesale Lending as Retail Suffers December 30, 2021 John Bancroft Meanwhile, wholesale lending posted a hefty 46.4% increase in the jumbo market, though it still accounted for just 9.2% of that segment...Read More
Rice Park and Hunter Street Close Deal for Fix-and-Flip Funder December 22, 2021 Paul Muolo As Christmas approaches, fix-and-flip originators are flying off the shelves...Read More
Chase Offers Non-Agency MBS with Higher LTV Ratios December 22, 2021 Brandon Ivey The average combined LTV ratio on the new jumbo MBS from Chase is 86.6%.Read More
Looser Underwriting Becoming a Concern in the Non-Agency Market December 20, 2021 Brandon Ivey Industry veteran Rudy Orman of Reliant Bank worries about lenders offering debt service coverage ratios of less than 1.Read More
Fix-and-Flip Lender Pays 6% for Five-Year Paper December 15, 2021 Paul Muolo The fix-and-flip market has been red hot the past five years, but...Read More
Rocket’s Jumbo MBS Issuance Heading Back To Earth December 8, 2021 Brandon Ivey Redwood recently issued a jumbo MBS sized at roughly $1.0 billion, while the new offering from the nonbank is somewhat smaller.Read More
Nonprime Servicing Portfolios Mostly Unchanged in 3Q21 December 8, 2021 Brandon Ivey Three of the top five nonprime servicers posted declines from the second to the third quarter.Read More
Redwood Calls for Revision on How GSE Loan Limits Are Calculated December 7, 2021 Brandon Ivey FHFA should use its authority to constrain GSE acquisitions of high-balance mortgages, according to Redwood Trust.Read More
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