Jumbo Correspondent Market Shrinks in 2023 May 2, 2024 James Dohnert Correspondent buyers of jumbos were divided fairly evenly between banks and nonbanks in 2023.Read More
Short Takes: GSEs Revise Guides / Purchase-Mortgage Lending Increases at Zillow / Fairway Touts LO Recruits / Annaly Fast With MBS May 2, 2024 Brandon Ivey The GSEs established a formal definition for mortgages to first-generation homebuyers.Read More
Redwood Increases Profits in First Quarter May 1, 2024 James Dohnert Redwood's earnings improved following a 53% increase in locked loans in the first quarter.Read More
Short Takes: Mortgage Demand Declines / NewRez Spin-Off a Work in Progress / New HEI Securitization / More Non-Agency MBS May 1, 2024 Brandon Ivey On an annual basis, mortgage applications were down 9.2%.Read More
Annaly Leads Expanded-Credit MBS Issuers in First Quarter April 30, 2024 James Dohnert Onslow Bay issued $2.52 billion of expanded-credit MBS in the first quarter, more than triple its issuance in the prior quarter.Read More
Mortgages Helped Bring Down Failed PA Bank April 29, 2024 Brandon Ivey At one point, Republic First’s mortgage unit focused on offering jumbo mortgages at below-market interest rates.Read More
California Court Decision Could Prevent Non-QM Loan Mods April 29, 2024 James Dohnert The case, Moon vs. Milestone Financial, involves an exception in California Civil Code section 1916.1...Read More
PIMCO Gets Into Second-Lien Securitization Market April 26, 2024 Brandon Ivey The $365.4 million deal is stocked with loans originated number a number of firms.Read More
Short Takes: Slight Increase in Pending Home Sales / Non-QM Performance Improves / Wells Expands Downpayment Grant Offering / Negative Outlook for Community Loan Servicing April 26, 2024 Brandon Ivey Elevated interest rates and limited housing inventory led to a tepid increase in pending home sales in March.Read More
Annaly Returns to Profitability in First Quarter April 25, 2024 Brandon Ivey The REIT bounced back after losses in the previous two quarters.Read More
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