Short Takes: Applications Drop / Home Price Reading for September / SBA Out of Funding for Disaster Loans / NYCB to Rebrand as Flagstar / Acra Brings MBS / PrimeLending Looking to Grow October 16, 2024 Brandon Ivey Applications for refis declined by 26% last week.Read More
Maxex Expands Jumbo Guidelines on its Marketplace October 15, 2024 James Dohnert Maxex said the new guidelines should reduce the number of sales stymied by loan conditions and establish faster turn times for sales.Read More
Prime Non-Agency MBS Issuance Outpaces Expanded Credit October 14, 2024 James Dohnert Non-agency MBS issuance backed by new originations totaled $20.15 billion in the third quarter, up 17.7% from the previous quarter.Read More
Short Takes: Radian Back With Jumbo MBS / Refi Share at Wells / PHH Servicer Ratings Affirmed / New Issuer of Home Improvement ABS October 14, 2024 Brandon Ivey An affiliate of Radian Group is marketing its second jumbo MBS.Read More
Blackstone Making Move Into Non-QM Market October 11, 2024 Paul Muolo Blackstone is expected to initially operate as a buyer of loans with mortgage-backed security issuance to follow.Read More
Short Takes: Still No Capital Re-Proposal / Winner of NPL Auction / Compliance Dataset From MISMO / NYMT Back With IPL MBS October 11, 2024 Brandon Ivey No indication yet from federal regulators on when a planned re-proposal of capital requirements for large banks will be issued.Read More
Short Takes: Projecting Impact of Hurricane Milton / Pending Home Sales Tick Up / Discount on Non-Agency Refis / Distillery Acquires Mortgage Tech Provider October 10, 2024 Brandon Ivey Damage costs from Hurricane Milton could affect insurance underwriting margins and earnings.Read More
Loan Limit Head Start Could Come With Complications October 9, 2024 Brandon Ivey Loans made with balances above the 2025 loan limits won’t be eligible for delivery to the GSEs’ standard programs.Read More
Rare Non-Agency MBS With Loans for Manufactured Homes October 9, 2024 Brandon Ivey Loans in the MBS were originated by Southwest Stage Funding via its Cascade Financial Services unit.Read More
Short Takes: Application Trends Split / Arvest Bank’s Servicer Rating Downgraded / HEL Securitizations / MBS From Angel Oak October 9, 2024 Brandon Ivey Demand for refis declined last week while applications for purchase mortgages held steady.Read More
RSS