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Short Takes: Miran Cites Fed Independence / Radian Boosts Warehouse Funding From Chase / Provident Sending More GSE-Eligible Mortgages to Non-Agency MBS / AGNC Raising Capital

September 4, 2025
Brandon Ivey
Stephen Miran, President Trump’s nominee to fill a vacant governor position at the Federal Reserve, said he intends to preserve the Fed’s independence if confirmed for the position.
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Expanded-Credit MBS Issuers Back in Market After Lull

September 3, 2025
Brandon Ivey
Expanded-credit MBS marketing had paused after Aug. 22.
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Short Takes: Purchase-Mortgage Demand Cools / Rate Cut a Marketing Opportunity / PennyMac Launches Non-QM Offerings / Number of Homeowner Households Declines

September 3, 2025
Brandon Ivey
Demand for purchase mortgages declined last week even as interest rates on mortgages moved down.
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Short Takes: Second Criminal Referral Against Fed's Cook / Investors Buy Close to One-Third of Homes / Transunion Data Breach Exposes Millions of Customers' Data

August 29, 2025
James Dohnert
FHFA Director Bill Pulte announced on X that there's a new allegation of mortgage fraud against Federal Reserve Governor Lisa Cook.
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Knock Issues Inaugural Securitization

August 26, 2025
James Dohnert
Knock has issued a $100 million bond backed exclusively by bridge loan products.
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Troubling Signs of Non-QM Fraud?

August 25, 2025
Abby Zimmardi
One executive said underwriters should be extra careful and check the certified public accountant documentation.
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Rocket Upsizes Securitization of Closed-End Seconds

August 22, 2025
Brandon Ivey
The deal size increased by nearly 30% compared with Rocket's initial plans.
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Short Takes: Senators Prep NFIP Reform Proposal / Existing Home Sales Increase Slightly / Non-Agency MBS Benefit From Moody’s Change

August 22, 2025
Brandon Ivey
Sens. Bill Cassidy, R-LA, and Cory Booker, D-NJ, are seeking feedback on potential reforms to the National Flood Insurance Program.
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Short Takes: Two Harbors Shifts Servicing / Moody’s Revises Residential MBS Criteria / Home-Sale Cancellations Elevated / Toll Brothers Seeing More Traffic

August 21, 2025
Brandon Ivey
The new relationship will increase Two Harbors’ third-party subservicing business to $31 billion in unpaid principal balance.
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Closed-End Seconds From Carrington Flow Into Securitization From Sage

August 20, 2025
Brandon Ivey
Carrington hasn’t been identified in rating reports as a contributor to any securitizations of closed-end second liens issued this year.
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