Short Takes: New-Home Sales Decline in May / Drayne to Join HPC / Big Banks Pass Stress Test / Non-QM Impairments Decline June 27, 2024 Brandon Ivey New-home sales declined by 11.3% in May.Read More
MBS Backed by RTLs See Strong Investor Demand June 26, 2024 James Dohnert A new rating methodology boosts investor interest in fix-and-flip securitizations.Read More
Brokers Gain Nonconforming Market Share in 1Q June 25, 2024 Brandon Ivey A big boost in UWM's originations led to an increase in the broker share of the nonconforming market in the first quarter of 2024.Read More
HEL Lenders Innovate for Secondary Market June 25, 2024 James Dohnert Changes in underwriting standards for non-QM loans are a slippery slope, according to investors.Read More
Short Takes: Annaly to Issue Non-QM MBS / Stream Innovations Preps Home Improvement Loans ABS / MISMO Gets New Board Members / New CFO at Change Lending June 25, 2024 James Dohnert Only one originator contributed enough loans to the Annaly MBS to be named...Read More
Redwood Increases Partnership Network (Thank You Basel III) June 24, 2024 James Dohnert About 45% of Redwood's secondary-market partners are banks...Read More
Home Equity Lending Declines in First Quarter June 21, 2024 Brandon Ivey Many of the top depository institutions reduced their production in the first quarter.Read More
Rising Delinquencies Not Yet a Concern for Non-QM MBS June 21, 2024 James Dohnert Harris Trifon, a partner and portfolio manager at Lord Abbett, an investment management company, said non-QM delinquencies are not “raising alarm bells” for him.Read More
Short Takes: Delinquencies Down, Prepayments Up / FHFA Seeks Input on FHLBank Affordable Housing Program / CHLA Calls for Mortgage Interest Credit / HELOCs From CMG in New MBS June 21, 2024 Brandon Ivey The mortgage delinquency rate declined to 3.04% as of the end of May, down from 3.09% at the end of April, according to Intercontinental Exchange.Read More
Short Takes: CFPB Proposes Fine for Freedom’s HMDA Issues / Home Price Appreciation Slowing / New Expanded-Credit MBS June 20, 2024 Brandon Ivey The CFPB issued a proposed order that would require Freedom Mortgage to pay a $3.95 million penalty for submitting “error-riddled” data under HMDA.Read More