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Short Takes: Sparrow Partners With Calque / Workday, Equifax Team for Employment Verification / Zombie Foreclosures on the Decline / FTC Noncompete Ban Blocked by Judge

August 23, 2024
James Dohnert

The new Sparrow/Calque product would allow borrowers to tap home equity to purchase a new home before they sell the current one.


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Short Takes: Delinquencies Increase in Houston Following Hurricane / HELOC Delinquencies / Housing Inventory Limited / PIMCO’s Latest Non-QM MBS

August 22, 2024
Brandon Ivey
Hurricane Beryl prompted an estimated 10,000 new delinquencies in the Houston area in July, according to ICE.
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All Systems Go on Acra’s First MBS Deal

August 21, 2024
Paul Muolo
To this point, Acra has contributed to MBS from others and sold off its non-QM production as whole loans.
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Jumbo Servicing Portfolios Level in 2Q

August 21, 2024
James Dohnert
Chase remained the top servicer in the group, handling $326.90 billion of jumbos as of the end of June.
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Short Takes: Applications Slow / Fannie Revises Home Sales Forecast Downward / Home Prices Decline in California / Prime Non-Agency MBS From Chase

August 21, 2024
Brandon Ivey
Demand declined for both purchase mortgages and refinances last week.
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Sage Residential to Issue CES Securitization

August 20, 2024
Brandon Ivey
Sage is building out its mortgage investment business and to this point has focused on acquisitions of mortgage servicing rights.
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A Surge for Jumbo Lending in 2Q24

August 19, 2024
James Dohnert
The top three five jumbo originators in 2Q24: Chase, Bank of America, U.S. Bank, UWM and Wells Fargo...
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Short Takes: Would You Like to Stay On? / Under the Radar: Sixth Street / Mortgage Names Employed There / Better Stock Price / Paying For It?

August 19, 2024
Paul Muolo and Monica Hogan
Among those who work at Sixth Street is Jordan Feil who serves as managing director.
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Annaly’s Expanded-Credit MBS Issuance Pace Slows Slightly

August 15, 2024
Brandon Ivey
Annaly Capital Management is set to issue its 12th expanded-credit MBS of the year.
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UBS Selling Mortgage Servicer SPS for Breakeven Price

August 14, 2024
Brandon Ivey
Select Portfolio Servicing handled servicing on mortgages with an unpaid principal balance of $166.70 billion as of the end of June, according to estimates by Inside Mortgage Finance.
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