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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...


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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.
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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.
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Auto ABS Losses Defy Expectations

April 12, 2019
Yemeng Yang
Early figures on GM Financial's auto ABS transactions of the past two years show strong performance and lower losses than expected...
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PIMCO Issuing Non-Agency MBS Backed by Seasoned Mortgages

April 11, 2019
Brandon Ivey
It was rumored that PIMCO was considering issuing non-agency MBS backed by nonprime non-qualified mortgages but loans in the pending deal have seasoned for a number of years and the borrowers have prime credit...
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MetLife to Issue its First Non-Agency MBS Backed by Seasoned Mortgages

April 10, 2019
Brandon Ivey
After yeas of stockpiling whole loans, MetLife is set to issue a non-agency MBS backed by re-performing mortgages.
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Short Takes: Fannie and Freddie, Lenders of Last Resort? / Privately Held and Ranked Eighth / Caliber Settles with the Bay State / New American Jumps Into Non-QM Waters / A Tom Clancy-Like Warning

April 10, 2019
Paul Muolo and Brandon Ivey

JPMorgan Chase Packing Prime Loans into its First Non-QM MBS

April 9, 2019
Brandon Ivey
All of the mortgages were originated by Chase, predominantly through the correspondent channel...
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Short Takes: No Docs Making a Comeback / Overcapacity Still a Problem, Says KBW / It’s All About Controlling Costs / loanDepot’s Hsieh Welcomes Zillow as a Competitor / Chief of Staff Miller Resigns at Treasury

April 8, 2019
Paul Muolo
Keefe, Bruyette & Woods says overcapacity in the mortgage industry continues to be a problem...
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First-Lien Holdings by Banks Head North

April 4, 2019
Brandon Ivey
New residential loans going into bank portfolios include mostly non-agency mortgages, with some exceptions…
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