Sprout Resumes Non-QM Lending Through Correspondent Channel July 7, 2020 Brandon Ivey The bulk of non-QM originations come through mortgage brokers and the retail channel.Read More
Short Takes: Interest Rates Could Go Lower / LoanStream Loosens Non-QM Underwriting / Mergers Completed / NJ Broker Rebrands July 6, 2020 Brandon Ivey The average interest rate on 30-year fixed-rate mortgages could fall below 3.00% later this year, according to Freddie Mac's chief economist.Read More
S&P Maintains Lead in ABS Ratings, DBRS Tops in MBS July 2, 2020 John Bancroft DBRS Morningstar edged out Kroll Bond Rating Agency as the top firm in rating non-agency MBS in the first three months of the year. Read More
Quite the Turnaround for Expanded-Credit MBS Issuance June 29, 2020 Brandon Ivey The revival included first-time EC MBS issuers as well... Read More
A Large 1Q20 Loss for Impac. Cash Position Jumps After Asset Sales June 26, 2020 Paul Muolo And the good news? The company is once again originating (after suspending production in the spring) but only for Fannie Mae, Freddie Mac and FHA/VA products.Read More
Angel Oak on Track to Top Non-QM MBS Issuers in 2Q20 June 25, 2020 Brandon Ivey Angel Oak is on track to be the top issuer of expanded-credit MBS in the second quarter with volume of $876.3 million... Read More
Citi to Issue its First MBS Backed by Non-QMs from Multiple Lenders June 24, 2020 Brandon Ivey The top contributor to the deal is JMAC Lending with a 7.3% share, followed by Commerce Home Mortgage (7.0%) and loanDepot (6.4%).Read More
CFPB Issues QM Proposal. A Game Changer or Something Else? June 23, 2020 Yemeng Yang and Brandon Ivey The CFPB proposed standards for qualified mortgages that don’t rely on a loan being eligible for sale to the government-sponsored enterprises.Read More
Pandemic-Related Forbearance is Dropping. Warning Lights Ahead? June 22, 2020 Paul Muolo Cowen Research: "The issue is what happens in August and September if the government permits expanded unemployment benefits to expire.” Read More
New Rez, AO Sued Over Aborted Non-QM Purchases. Others Targeted by the Plaintiff... June 22, 2020 Paul Muolo “It was a case of ‘we’re all in this together,’ until it wasn’t,” Shenkman said.Read More