The Latest Shoes to Drop: Angel Oak Wholesale, Citadel Suspend Non-QM Lending March 24, 2020 Brandon Ivey Two of the top originators of non-QMs suspended lending operations on Monday, citing complications from the coronavirus.Read More
NYMT Mortgage-Investing REIT Says It Can’t Make Its Margin Calls. Other REITs Feeling the Heat as Well March 24, 2020 Paul Muolo Increasingly, margin calls are becoming an issue for mortgage REITs... Read More
As Coronavirus Worsens, Calls Mount to Let the GSEs Buy MBS / Hike the Conforming Loan Limit? / Mortgage Bankers: ‘Essential’ Workers March 21, 2020 Paul Muolo In a time of crisis should Fannie and Freddie be allowed to hold more MBS? Hike the GSE loan limit too?Read More
Non-QM Sector Shows Cracks as Coronavirus Concerns Mount March 20, 2020 Brandon Ivey Homebridge Financial’s wholesale division and theLender both announced suspensions to their non-QM lending operations. Others will follow, rest assured... Read More
Non-QM Pricing in Flux. At Least One Lender Halts Originations March 18, 2020 Brandon Ivey Demand for newly-originated non-QMs has declined, prompting aggregators to re-price products, At least one wholesale lender stopped originations...Read More
Coronavirus Fallout: New Applications Drop 8%, A Bottleneck at County Court Houses? March 18, 2020 Paul Muolo Conventional and government originators are feasting on refinancings that should keep them busy the next three months. After that...Read More
Coronavirus-Related Turmoil Slows Non-Agency MBS and ABS Issuance March 13, 2020 Brandon Ivey Investors and issuers alike are suffering from a case of interest rate whiplash. Read More
GSE ‘Noncore’ Business Actually Increased in 2019 March 11, 2020 Brandon Ivey It would appear that Calabria, who took charge a little over a year ago, hasn’t made much progress in the matter.Read More
Coronavirus Concerns? Non-Agency Issuers Moving Ahead with Deals March 11, 2020 Brandon Ivey As interest rates decline significantly, there's a risk that investor demand will fade... Read More
Self-Governance for the Non-Agency MBS Sector? March 10, 2020 Brandon Ivey The big challenge: How, exactly, the non-agency MBS sector might establish self-governance…Read More