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Impac, Sprout Among Top Expanded-Credit MBS Lenders, However…

April 29, 2019
Brandon Ivey
Just because you're a non-QM lender, that doesn't mean you're an issuer...
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ABS Issuance Off Like a Rocket in 1Q19 (Compared to 4Q18)

April 26, 2019
John Bancroft

Compared to 1Q18, ABS issuance fell 9.6%.


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Morgan Stanley Settles Legacy Non-Agency MBS Issues with CA Retirement Funds for $150 Million

April 26, 2019
Brandon Ivey

“Morgan Stanley lied about the risk of its products and put profits over teachers and public employees who relied on its advice,” according to California Attorney General Xavier Becerra.


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MetLife, Citi Bring Non-Agency MBS Backed by Seasoned Mortgages

April 25, 2019
Brandon Ivey

At Dec. 31, MetLife held approximately $11.74 billion in whole loans. In the past, the life insurer had focused on seasoned mortgages, but two years ago started buying newly-originated prime and near-prime mortgages.


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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...


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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...


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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. 


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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...


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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...


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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...
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