Mr. Cooper Ramps Up Securitization of Second Liens June 17, 2025 Brandon Ivey The planned securitization is slightly larger than the $310.6 million deal the nonbank issued at the end of April.Read More
Short Takes: Home Price Appreciation Levels Off / Fitch Affirms Ratings on GSEs / Fitch Neutral on eNote in Non-Agency MBS / PHH Turns to Blend to Help With Recapture June 17, 2025 Brandon Ivey Annual home price appreciation slowed to 2.1% in May, the lowest level seen since March 2012.Read More
Rare Decline in First-Lien Holdings at Banks June 16, 2025 Brandon Ivey The last time there was a meaningful decline was the second quarter of 2021.Read More
Goldman Marketing Expanded-Credit MBS and Jumbo Deal June 16, 2025 Brandon Ivey There’s a $381.4 million expanded-credit MBS and a $309.3 million jumbo MBS.Read More
Conforming Jumbos Falter, Non-Agency Treads Water June 13, 2025 Brandon Ivey Agency securitization of high-balance loans declined by 46.0% on a quarterly basis to $8.70 billion in the first quarter of 2025.Read More
PennyMac Re-Enters Jumbo MBS Market June 13, 2025 Brandon Ivey It’s the first jumbo MBS from a PennyMac unit since a one-off issuance in 2013.Read More
Short Takes: Senate Swiftly Passes Trigger Lead Bill / Rocket Ramps Up CES Securitization / Disaster Recovery Program in California / From Mortgage Stadium to Bounce House June 13, 2025 Brandon Ivey The Senate joined the House in passing legislation to restrict trigger leads tied to mortgage applications.Read More
Chimera to Acquire Non-QM Lender HomeXpress June 12, 2025 Brandon Ivey The REIT plans to sell the mortgages originated by HomeXpress and retain some mortgage servicing rights.Read More
Short Takes: UWM Offering 1% Downpayment Product / CrossCountry Steady With Expanded-Credit MBS / PHH Receives Rating Upgrade on Second Liens / Pending Home Sales Down June 12, 2025 Brandon Ivey UWM's low-downpayment program is only available to borrowers with income at or below 80% of the area median income.Read More
Short Takes: Trigger Lead Bill Clears House Committee / Applications Increase With Little Movement in Interest Rates / Foreclosures Decline / Strong Demand for RTL Securitization June 11, 2025 Brandon Ivey The House Financial Services Committee approved H.R. 2808, the Homebuyers Privacy Protection Act, with strong bipartisan support.Read More
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