A Slight Dip in Jumbo Production May 28, 2019 Brandon Ivey Bank of America overtook JPMorgan Chase as the second largest jumbo lender in the nation...Read More
Redwood Argues for Shifting GSE QM ‘Patch’ Business to Non-Agency Market May 28, 2019 Brandon Ivey Nearly 70% of the volume going to the GSEs due to the QM patch could be handled in the non-agency market without disrupting borrowers, according to a new SEC filing and presentation from Redwood. Read More
Short Takes: On the GSE Gas Pipe: Cash-out Refis? / A Mouthwatering Wholesale Market Share for UWM / Non-QM Funders Move Up / ‘Linked-Notes’ from MGIC / Mortgage Apps Up, New Homes Sales Down May 23, 2019 Paul Muolo Should Fannie and Freddie be allowed to purchase and securitize cash-out refis?Read More
Short Takes: Profiting from GSE Reform / REO v. OREO / Hey, Did You Know What the Hippocampus Is, Wise Guy? / FHA Recovery Rates Can Vary / Chimera Preps New MBS Deal May 22, 2019 Paul Muolo In some reporting circles, OREO stands for "other" real estate-owned...Read More
Trump's Jumbo Lender: Professional Bank. Who? May 22, 2019 Brandon Ivey The bank that President Trump received a jumbo mortgage from in 2018 ranked outside of the top 400 originators of jumbo mortgages.Read More
Pretium Partners Eyeing Non-QM Lender Deephaven? May 21, 2019 Paul Muolo Last fall, Pretium made a big splash in the mortgage market, agreeing to buy Selene Holdings...Read More
Many Cash-Out Refis in Carrington’s Non-QM MBS May 20, 2019 Brandon Ivey The first non-QM MBS from Carrington includes a higher share of cash-out refis compared with other issuers of expanded-credit MBS.Read More
Short Takes: Great Expectations? / One Stock You Can Bet On / How Big Is PIMCO in Mortgages? Very Big / Another Departure at Ginnie Mae May 16, 2019 Paul Muolo Finding value in GSE equities: It's complicated...Read More
Jumbo Lending Stands Out in 1Q19 Production Slump May 16, 2019 John Bancroft Conventional-conforming loans still accounted for over half of total first-lien originations in 1Q19 but volume was down 9.0% sequentially...Read More
Short Takes: Former FHA Chief Stevens Weighs in on Administrative Reform of the GSEs / Watch the Swim Lanes / New Executive Hires for Angel Oak / Redwood Preps Prime Non-agency MBS / Not All Agree on CLO Standards May 14, 2019 Paul Muolo and Brandon Ivey Will new FHFA chief Mark Calabria narrow the GSE swim lanes?Read More
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