Morgan Stanley Enters Non-QM Market as MBS Issuer October 19, 2023 Brandon Ivey Morgan Stanley has issued a number of prime non-agency MBS in recent years.Read More
Short Takes: CRA Rule Coming Tuesday / Applications Down / Trends in Non-QM Delinquencies / Closed-End Second Securitization October 18, 2023 Brandon Ivey Banking regulators plan to release a final rule Oct. 24 with revisions to standards under the Community Reinvestment Act.Read More
Short Takes: FHFA Plans Property Insurance Symposium / Forbearance Activity Dwindles / Record Futures Trading / More Jumbo MBS October 17, 2023 Brandon Ivey FHFA's symposium will focus on solutions for rising property insurance premiums.Read More
Non-Agency MBS Issuance Gains Momentum in 3Q23 October 16, 2023 John Bancroft Through the first nine months of the year, the top three non-agency issuers were: JPM, Invictus Capital Partners and Onslow Bay Financial.Read More
Court Rulings Could Alter Clean-Up Call Practices October 13, 2023 James Dohnert U.S. Bank, a major trustee in the non-agency MBS market, was looking for guidance from a New York court.Read More
Short Takes: CFPB and DOJ on Immigration Status / New HEI Securitization / Home Prices Up in Third Quarter October 13, 2023 Brandon Ivey and James Dohnert The CFPB and DOJ issued a statement on denials of credit based on an applicant's immigration status.Read More
A&D, Redwood Go Bigger With Latest Non-Agency MBS October 12, 2023 Brandon Ivey The latest non-agency MBS from A&D Mortgage and Redwood Trust are larger than the previous issuance by the firms.Read More
Temple View Plots Growth With Residential Transition Loans October 10, 2023 James Dohnert “The only kind of new supply coming out of the market in any scale is ground-up construction or refreshed housing products,” said Steven Trowern, the founder and principal of Temple View Capital.Read More
Short Takes: Regulators Looking for Specifics on Basel / Lenders Slightly Loosen Underwriting Standards / Non-QM Moves October 10, 2023 Brandon Ivey and James Dohnert In a speech Monday, Michael Barr largely defended the Basel proposal while also encouraging feedback to help with potential revisions.Read More
Non-Agency MBS Issuance Jumps 21% in 3Q23 October 9, 2023 James Dohnert The top three issuers of non-agency MBS in 3Q23: JPMorgan Chase, Onslow Bay Financial and Invictus Capital...Read More