UWM Tops in Jumbo Sellers, According to HMDA July 15, 2020 Brandon Ivey United Wholesale sold $5.74 billion of jumbos to unaffiliated non-agency buyers in 2019. Read More
Annaly Preps Expanded-Credit MBS with Slightly Seasoned Loans July 14, 2020 Brandon Ivey Nearly 8% of mortgages in the MBS are in forbearance, though all of the borrowers are current on their payments. Read More
EC MBS Issuance Rises in 2Q20 While Prime Agency-Eligible Deals Suffer July 13, 2020 Brandon Ivey Roughly $8.04 billion of non-agency MBS backed by new production was issued in the second quarter, down 39.0% from the first three months of the year. Read More
Velocity Financial Looks to Resume Lending After Selling Loans July 13, 2020 Brandon Ivey Velocity sold two unrated MBS in recent months and now plans to focus on restarting originations. Read More
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