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Non-Agency MBS Market Heats Up Ahead of Vegas SFA Conference

February 19, 2020
Brandon Ivey

Presale reports for 15 deals totaling $6.07 billion have been published this month, and more transactions are in the works.


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Global Investment Fund HPS Closes on Citadel Servicing Deal. CEO Perl ‘Retires’

February 18, 2020
Paul Muolo

HPS named Kyle Gunderlock, CSC’s president and chief operating officer, to succeed Perl as CEO.


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Angelo Gordon's New EC MBS Includes Potpourri of Loans

February 18, 2020
Brandon Ivey

Angelo Gordon's GCAT 2020-NQM1 includes non-QMs, investment-property loans exempt from QM standards and mortgages originated by CDFIs, which reduce risk-retention requirements.


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Fitch Faults CFPB's Plan to Drop DTI Ratio from QM Determination

February 13, 2020
Brandon Ivey

Fitch believes DTI ratios ensure that borrowers will be able to repay their loans.


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Goldman, Blackstone Prep Separate Non-Agency MBS Deals

February 12, 2020
Brandon Ivey

A handful of GSE-eligible mortgages in Goldman's deal have loan-to-value ratios greater than 80% and private mortgage insurance, which is uncommon for loans in non-agency MBS.


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JMP Sets a Lofty Price Target on Non-QM Lender

February 12, 2020
Paul Muolo

In a new research note, JMP describes Velocity as “far from a start-up or rookie company..."


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Short Takes: New Rez Ready to Tap the Equities Market Again / The ‘A’ Team has Arrived / Risk Factors? / CHLA Weighs in on FHA / A New Hire for Nations Lending

February 11, 2020
Paul Muolo

The Community Home Lenders Association called on the White House to end the government mortgage insurer’s life of loan premium policy.


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Carrington, Credit Suisse, Starwood Prep Expanded-Credit MBS

February 11, 2020
Brandon Ivey

The largest of the three pending MBS is a $381.3 million deal from Starwood Property Trust.


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Ocwen Says Its Money-Losing Days May be Over, Hikes Origination Forecast to $15B

February 7, 2020
Paul Muolo

Ocwen is predicting that better days are ahead for the company, including (possibly) $15 billion in originations this year...


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Ashmore's Vista Point Receives 'Average' Assessment from S&P

January 30, 2020
Brandon Ivey

Vista Point Mortgage was launched about a year ago by Bill Ashmore, the former president of Impac Mortgage Holdings.


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