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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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Short Takes: ‘Magical’ Number for Interest Rates / Some Home Price Depreciation / Fannie Selling RPLs / Loss for Fix-and-Flip Lender

August 14, 2024
Brandon Ivey
It's hard to pin down the "magical" number for interest rates that will unlock the housing market, according to the CEO of The Home Depot.
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Short Takes: New Mortgage Reinsurer / Rocket Consistent With CES Securitizations / DSCR Loans in Non-Agency MBS / Growing Through Selling Servicing

August 13, 2024
Brandon Ivey
Skyward Specialty Insurance Group launched a mortgage reinsurance business.
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Chase Markets Prime Jumbo MBS Backed By ARMs

August 12, 2024
James Dohnert
Loans in the new prime jumbo MBS had an average seasoning of 13 months.
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Kiavi Ramps Up RTL Lending, Securitization

August 8, 2024
James Dohnert
The lender has issued more than $4.7 billion in unrated securitizations since it started its securitization program in 2019, about $1.0 billion of which was issued in just the first six months of this year.
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Short Takes: Ready Capital Sells MSRs / Zillow Emphasizes its Mortgage Lender / Goldman Brings Prime Non-Agency MBS / MCT Receives Patent

August 8, 2024
Brandon Ivey
Ready Capital sold the MSRs as part of an effort to exit investments in the residential market to put a greater emphasis on commercial loans.
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Short Takes: UWM’s Haul From MSR Sales / GSEs, FHA Extend ROV Compliance Date / Refi Applications Jump / Neuberger Berman Back as MBS Issuer / Correction on UWM’s Market Share Goal

August 7, 2024
Brandon Ivey
UWM took in net proceeds of $2.4 billion from MSR sales in the first half of 2024.
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Nonbank Lenders Push Up Prime Non-Agency MBS Issuance

August 6, 2024
James Dohnert
Nonbanks increased their contributions to prime non-agency MBS issued in the second quarter as Chase pulled back somewhat.
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Angel Oak REIT Takes Loss in Second Quarter

August 6, 2024
James Dohnert
The REIT associated with Angel Oak Companies reported a small loss in the second quarter after posting a profit in the first quarter.
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Latest Imf News

  • Prime Loans Boost Non-Agency MBS in 3Q

  • Higher Rates Could Increase Share for Expanded-Credit Mortgages

  • Northpointe Selling Retail Mortgage Origination Business

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