Short Takes: Deephaven Interest / Don’t Worry About the ‘GSE Patch’ / Simmering Down a Bit: GSE Common / Carl Icahn? / Job Openings at Quicken Loans / Caliber Hires Stearns Executive Hecht / A Promotion for Riskey February 5, 2019 Paul Muolo and Dennis Hollier A mortgage slowdown? Not everywhere: Quicken Loans says it has more than 700 job openings…Read More
As More Lenders Enter Non-QM Space, Underwriting Tightens (So Far) February 4, 2019 Brandon Ivey For expanded-credit MBS issuance in all of 2017 and 2018, the average credit score was 714.9.Read More
Short Takes: Home Point Takes a Dive into the Non-QM Market / #28 Overall / Redwood Selling Additional Shares / Relationships / Not So Fast on that Title Deal February 4, 2019 Paul Muolo Another 'A' paper lender is jumping into the non-QM pool.: Home Point...Read More
Seer Readies Non-QM MBS, No Word Yet on Deal Size January 29, 2019 Brandon Ivey Seer Capital Management has bought controlling interests in asset origination firms in both the U.S. and Europe…Read More
Short Takes: Is the Party Over for GSE Common? / A Bubble Bursting on Shareholders / The King of MSR Buys: New Residential / Cleveland Rocks (for New Home Owners), Pittsburgh and OKC Too / Freddie Gets New Chairperson January 29, 2019 Paul Muolo New Rez’s MSR haul: $50.9 billion of agency product...Read More
Redwood to Acquire 5 Arches, Originator of ‘Business-Purpose’ Loans January 23, 2019 Brandon Ivey Redwood estimates that 5 Arches will originate $900 million to $1 billion in loans this year…Read More
Nonbanks Step Up Efforts with Non-Agency Products January 23, 2019 Brandon Ivey More nonbanks, including the top-ranked PennyMac, are growing comfortable with non-QMs…Read More
Don’t Look Now but Jumbo LTVs are on the Rise: 76 Percent and Climbing… January 22, 2019 Brandon Ivey However, the rise in the LTV ratio occurred as issuance volume declined…Read More
Angel Oak Preps Largest Post-Crisis Nonprime MBS January 18, 2019 Brandon Ivey Some 51.1 percent of the loans were underwritten using borrower bank statements. Read More
ABS Issuance Hits Post-Crisis High Despite Soft Landing January 18, 2019 John Bancroft The only ABS to show increased production in 4Q18 were deals backed by business loans.Read More
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