Lenders Look to Alt-Doc Mortgages September 25, 2023 James Dohnert Alt-doc products include asset depletion, asset utilization, trust income, bank statements and letters from certified public accountants.Read More
Short Takes: Applications Increase / BBB Rating for HEA Securitization / Chase Securitizing Old RPLs / Altisource Branches Out Into HECM REOs September 20, 2023 Brandon Ivey Applications increased even as interest rates ticked up.Read More
Chase Offers Multiple Jumbo MBS September 19, 2023 Brandon Ivey Only four other issuers have offered jumbo MBS during the third quarter, and none since mid-August.Read More
Sign of the Times? From Non-QM CEO to Loan Broker September 18, 2023 Sam Manas So far this year, Strauss has brokered more than 20 mortgages...Read More
Jumbo Originations Gain Market Share in Second Quarter September 15, 2023 John Bancroft An estimated $50 billion of jumbo mortgages were originated in the second quarter.Read More
Annaly Steps Up Expanded-Credit MBS Issuance September 15, 2023 Brandon Ivey It’s the seventh expanded-credit MBS of the year from the real estate investment trust.Read More
Nonprime Servicing Portfolios Increase in Second Quarter September 15, 2023 James Dohnert Select Portfolio Servicing was far and away the largest servicer of nonprime mortgages in the second quarter.Read More
ARM Originations Lose Some Market Share in Second Quarter September 14, 2023 James Dohnert ARMs accounted for 13.8% of first-lien originations in the second quarter.Read More
Saluda Grade Ramps Up Home Equity Investments September 14, 2023 James Dohnert Saluda Grade has announced new funding for its HEI business and is set to issue a HELOC securitization.Read More
Short Takes: Chase Stocks Jumbos in MBS / Approvals in 5 Minutes / Share of ‘Overvalued’ Homes Declining / New Advisory Committee at FHFA September 14, 2023 Brandon Ivey Chase originated all of the mortgages in its latest jumbo MBS.Read More
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