Short Takes: Purchase-Mortgage Applications Down / Housing Market Reaching Balance / Mix of Loans in MBS From Chimera July 24, 2024 Brandon Ivey A decline in interest rates wasn't enough to help push up applications of purchase mortgages last week.Read More
Short Takes: Positive Outlook for Acra / New Co-CEO at Dynex / NYCB Touts Simplified Business Model July 23, 2024 Brandon Ivey Non-QM lender Acra Lending has been profitable in the last three years.Read More
Citi Enters Jumbo MBS Market for First Time in 2024 July 22, 2024 James Dohnert The $507.9 million Citi deal includes loans originated by Rocket Mortgage and others...Read More
Short Takes: Tepid Home Price Appreciation / Early Look at Angel Oak REIT’s Earnings / Bipartisan Support in House on AI July 19, 2024 Brandon Ivey “Sellers are increasingly cutting prices to entice buyers struggling with affordability,” said Skylar Olsen, chief economist at Zillow.Read More
Ares Returns as Non-QM MBS Issuer After Year Away July 18, 2024 James Dohnert An affiliate of Ares Management started marketing a $358.24 million non-QM mortgage-backed security.Read More
Short Takes: Chase Doubles Up With Prime Non-Agency MBS / Tweak in Fannie’s Latest CRT / Smaller Expanded-Credit Deal From Verus / Home Price Appreciation Slowing July 16, 2024 Brandon Ivey Two entities at JPMorgan Chase started marketing separate prime non-agency mortgage-backed securities Monday.Read More
Radian Enters Jumbo MBS Market July 15, 2024 James Dohnert The non-agency conduit of Radian Group started aggregating loans in 2022.Read More
Short Takes: Another CES Securitization From Rocket / HUD Plans Changes to Loan Sale Program / FHFA Sets Protections for Renters / Outlook for Cornerstone Servicer Rating Turns Positive July 15, 2024 Brandon Ivey With the new securitization, Rocket's non-agency issuance of closed-end second liens will hit $2.19 billion for the year.Read More
Ratings Helping to Boost Fix-and-Flip Lending July 12, 2024 James Dohnert Toorak issued the first-ever rated RTL securitization earlier this year.Read More
Short Takes: FHFA Publishes Historical VantageScore Data / ‘Sweet Spot’ for Homebuyers / Low DSCR Offering From A&D / MFA Offers RPL MBS July 12, 2024 Brandon Ivey The historical VantageScore data are available to approved users to help with the GSEs' planned acceptance of the credit score.Read More
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