Short Takes: Strong Jobs Report / Newrez IPO Update / Radian Shifts With Non-Agency MBS / Ellington Turns to Mr. Cooper for CES February 7, 2025 Brandon Ivey MBA’s forecast is that the Fed will make at most one more cut this cycle.Read More
HEL Securitization Cools in Fourth Quarter February 5, 2025 Brandon Ivey Issuance involving closed-end second liens held up better than HELOCs and home equity investment activity.Read More
Short Takes: FICO’s Score Revenue Jumps / PennyMac Upsizes Debt Offering / Optimal Blue to Offer AI Tool / Jumbo MBS From Redwood / Better Rewards Program February 5, 2025 Brandon Ivey FICO's revenue from mortgage originations increased by 110% in the fourth quarter of 2024 compared with the fourth quarter of 2023.Read More
Short Takes: Ishbia Sees Room for Refis / Non-QM Impairments Up Due to Hurricanes / Cardinal Launches Non-QM Offerings / Rate Expands Non-Agency Products February 4, 2025 Brandon Ivey Ishbia pointed to borrowers who received mortgages between 2022 and 2024 as prime candidates for refis.Read More
Newfi Launches Non-QM Delegated Correspondent Products January 31, 2025 James Dohnert Newfi is an affiliate of asset management firm Apollo.Read More
Short Takes: McCargo Abruptly Leaves FHLBank of San Francisco / Cerberus Securitizing HELs From Spring EQ / Non-Agency MBS Flowing From PennyMac / Pending Home Sales Decline / Deutsche Bank Using MacBook Airs January 31, 2025 Brandon Ivey McCargo joined the FHLBank in June.Read More
Short Takes: Trump Admin Walks Back Funding Pause / UWM Extends Price Break / Chase Brings Smaller CES Securitization / Scratch-and-Dent MBS From Balbec January 30, 2025 Brandon Ivey White House Press Secretary Karoline Leavitt said an executive order aimed at reducing federal spending remained in effect.Read More
Core-Product Share of GSE Business Level in Fourth Quarter January 29, 2025 James Dohnert Non-core products are areas of the market in which non-agency financing is seen as being able to compete with Fannie Mae and Freddie Mac.Read More
Acra Signs Deal to Sell Non-QMs to Insurance Company January 29, 2025 Paul Muolo With Acra and its owner, HPS Investment Partners, New York, slated to be sold to BlackRock later this year, Keith Lind, CEO of Acra, anticipates that insurance companies will be lining up to buy whole loans from the lender.Read More
Short Takes: Outlook for Home Price Appreciation / Gradual Increase in Purchase-Mortgage Originations? / Fix-and-Flip Securitization From Kiavi January 29, 2025 Brandon Ivey Early indicators suggest that the 2025 spring homebuying season may look similar to 2024, according to CoreLogic.Read More
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