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Impairment Rate on Non-QMs Declines in November

January 6, 2021
Brandon Ivey

The impairment rate didn't decline across the board. It increased for bank statement loans.


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Citadel Servicing Rebrands as Acra Lending

January 4, 2021
Brandon Ivey

Officials at Acra suggest it's largely business as usual for Citadel, beyond the name change.


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DBRS, S&P Lead Ratings Market at Nine-Month Mark

December 31, 2020
John Bancroft

Kroll Bond Rating Service had a strong year over the first nine months of 2020, with a 12.4% increase in business from the same period in 2019...


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ARM Production Down but Not Out in 3Q20

December 30, 2020

Still, the overall share of ARMs is declining. The loans accounted for 7.5% of first-lien originations in the first nine months compared to 10.8% for full year 2019.


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Jumbo Servicing Declines in Third Quarter

December 29, 2020
Brandon Ivey

Prepayments outpaced new production, prompting a decline in jumbo servicing volume.


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TPO Channels Pick Up Share in Stellar 3Q20 Agency Market

December 23, 2020
John Bancroft

The figures come from a variety of lenders that generated $570.6 billion of home loans during the third quarter, roughly half the market.


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Saluda Grade Issues Rare Securitization of Closed-End Second Liens

December 21, 2020
Brandon Ivey

All of the loans in the new security were originated by Spring EQ, a Philadelphia-based lender co-founded by former New Penn CEO Jerry Schiano...


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Connecticut Hard-Money Lender Readies Five-Year Paper

December 18, 2020
Paul Muolo

Through the first three quarters of 2019, Sachem has earned $6.6 million.


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Redwood Getting Back on Track with Jumbo MBS

December 17, 2020
Brandon Ivey

Mortgages from 51 different originators are included in the deal, led by PrimeLending with a 19.9% share...


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An Unexpected Rise in Home-Equity Lending During 3Q20

December 16, 2020
John Bancroft

Call-report data analyzed by Inside Mortgage Finance show that banks, thrifts and credit unions housed $371.4 billion of HELOCs on their balance sheets, down 3.1% from the second quarter.


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