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Retail Channel Gains Market Share (Again) in Jumbo Lending

December 10, 2019
Brandon Ivey

Market leader Wells Fargo has acknowledged that correspondent lending has lower profit margins than retail.


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In the Non-QM Market, It’s ‘Hand-to-Hand’ Combat

December 10, 2019
Brandon Ivey

Investors see more value in non-QM whole loans rather than securitized credit products…


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New GSE Loan Limits Could Have Big Impact in Some States (California)

December 9, 2019
Brandon Ivey

California accounted for the highest volume of originations of jumbos that could be lost to Fannie and Freddie.


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Short Takes: Go Figure: Fintech Raises More Money / A Rich Valuation? / Cagney / IPO in the Cards? / Bulk MSR Offering from Incenter

December 5, 2019
Paul Muolo

Figure’s co-founder and CEO is Mike Cagney. If the name sounds familiar, it should. Cagney formed SoFi earlier in the decade...


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Banks Continue Retreat from Non-Mortgage ABS

December 4, 2019
John Bancroft

Bank ABS holdings drifted lower in every sector except one: the nebulous “other” category.


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Prepayments, Variable Servicing Fees Spur Losses on Non-Agency MBS

December 2, 2019
Brandon Ivey

In a recent report, Fitch Ratings noted that shortfalls can occur when a mortgage is prepaid before the end of the month, causing only a partial collection of the interest owed by the borrower...


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The Non-QM Outlook: Nothing But Blue Skies?

December 2, 2019
Brandon Ivey

Shea Pallante, executive vice president of Sprout Mortgage, called the non-QM market a “sleeping giant.”


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Non-QM M&A: Who’s Next?

November 27, 2019
Paul Muolo

Some market watchers suspect that in the wake of Citadel Servicing striking a deal, other shops might be open to offers as well…


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Credit Suisse Expands Lender Pool for Latest Non-QM MBS

November 26, 2019
Brandon Ivey

The first non-QM MBS from Credit Suisse's DLJ Mortgage Capital relied solely on loans from AmWest Funding. The new security from DLJ is backed by product from multiple lenders.


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New GSE Loan Limits are Out: $510K-Plus for 2020

November 26, 2019
Dennis Hollier

Special statutory provisions establish different GSE loan limit calculations for Alaska, Hawaii, Guam, and the U.S. Virgin Islands. 


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