Short Takes: Believing in Big Payoff (Someday) / A Nice Return Based on 2019 Calculations / WMC Files for BK / Starting Out in Life as Weyerhaeuser / Two Lenders Form a Combo April 24, 2019 Paul Muolo Industry vets might recall that WMC started out in life as Weyerhaeuser Mortgage...Read More
Verus Readies Non-QM MBS Backed by Investor Loans April 23, 2019 Paul Muolo Founded in 2015, Verus Mortgage has notched 10 rated non-QM MBS deals...Read More
Short Takes: Bucking the Origination Trend: BofA and USB / A Strong Quarter for Warehouse Bank Texas Capital / Reliant Hires RoundPoint as a Subservicer / Waterstone in the Hunt for a CEO / A New Hire for Guaranteed Rate April 19, 2019 Paul Muolo A stand-out was Texas Capital's “loans held for investment” program which ended the quarter at $6.30 billion, up 34% from a year ago. Read More
Ditech Discloses Limited Financials and It’s Not Pretty: A $105 Million Loss for February April 18, 2019 Paul Muolo The Ditech financial hole just got bigger...Read More
360 Mortgage Plans Up to $1.0 Billion of No-Income, No-Asset Mortgages April 17, 2019 Brandon Ivey 360 Mortgage is focusing on non-owner-occupied investment properties, which aren't subject to ability-to-repay requirements...Read More
Short Takes: A Record Non-QM Quarter for Angel Oak / $9.7B Under Management / Good News for FHFA, Bad News for HUD / Filling the Holes / Take Our Servicing Trivia Test April 16, 2019 Paul Muolo A record production quarter for Angel Oak...Read More
Deephaven Preps its Second Nonprime MBS of the Year April 16, 2019 Brandon Ivey Some 98 lenders contributed mortgages to the $369.73 million nonprime MBS, though only one was identified by rating services.Read More
Expanded-Credit MBS Issuance Hits Record in 1Q19 April 15, 2019 Brandon Ivey Industry analysts expect the mini-boom in non-QM and EC MBS to continue...Read More
GE Hit with $1.5 Billion Penalty from DOJ for Problems with Pre-Crisis Mortgages April 15, 2019 Brandon Ivey WMC Mortgage "jacked up volume without controls," according to a member of General Electric's corporate audit staff.Read More
Annaly Affiliate Set to Issue Expanded Credit MBS April 12, 2019 Brandon Ivey Banc of California is the top contributor to a new $388.16 million expanded-credit mortgage-backed security from an affiliate of Annaly Capital Management.Read More
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