It’s Official: The QM Patch Won’t Expire as Scheduled January 21, 2020 Dennis Hollier Industry observers believe that could translate into a delay of six to 18 months.Read More
A Milestone: Non-Agency MBS Issuance Hits a Post-Crisis High in 2019 January 17, 2020 Fun Fact: The expanded-credit MBS sector posted a hefty 130.3% jump in new issuance during 2019… Read More
Angel Oak Stocks Expanded-Credit MBS with Fixed-Rate Mortgages January 16, 2020 Brandon Ivey Expanded-credit MBS with a small share of adjustable-rate mortgages are somewhat rare.Read More
Short Takes: FHFA Restructures CSS Board / Meaning? / JPM Readies Non-Agency MBS / New Applications Spike January 15, 2020 Paul Muolo and Brandon Ivey The FHFA has enormous sway over the CSS because of its role as regulator and conservator of Fannie and Freddie. However, once (if) the two are recapped and released, that won’t necessarily be the case… Read More
Non-QM Lenders Anticipate a Production Boom for 2020 January 15, 2020 Paul Muolo First Guaranty Mortgage Corp., which is owned by PIMCO, has its eye on non-QM lending of $1.0 billion…Read More
Short Takes: A Shout-out for the NHTF / Pulling the Lever on Fannie, Freddie Disbursements / Annaly and Caliber Ready Non-Agency MBS Deals / Impac Attorney Departs for Sprout January 14, 2020 Paul Muolo and Brandon Ivey The key to affordable housing financing: Fannie Mae and Freddie Mac...Read More
Expanded-Credit Loans Drive Increase in Non-Agency Activity January 14, 2020 Brandon Ivey Fun fact: Expanded-credit MBS accounted for 66.6% of non-agency issuance in 2019, compared with 43.7% in the previous year.Read More
Short Takes: Problems in Non-QM Land? / Not Really / Keeping an Eye on Velocity’s IPO / BofA Gets CFPB ‘No Action’ Letter / One is the Loneliest Number (Among the Top Ginnie Issuers) January 13, 2020 Paul Muolo and Yemeng Yang The IPO of nonprime lender Velocity Financial could price later this week or next…Read More
Goldman Stocks Jumbo MBS with Loans from Nonbanks January 13, 2020 Brandon Ivey HomeBridge Financial Services is the top contributor to the $488.80 million MBS with a 19.9% share.Read More
Short Takes: Blowout Earnings for the GSEs? / Juicing the Debate / A Frothy Non-QM Secondary? / Dow 29,000 / Greystone Buys Commercial Servicer January 10, 2020 Paul Muolo Stronger GSE earnings will bolster retained capital, which could juice the recap-and-release debate even more…Read More
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