Redwood Posts Loss Despite Jumbo Portfolio Gains October 31, 2023 James Dohnert Redwood Trust spilled red ink in the third quarter but expanded its jumbo portfolio and bank partnerships over the last three months.Read More
Short Takes: Rate Forecast Revised / Key Bank Offering Manufactured Home Financing / New Jumbo MBS / House Panel Looking at Insurance Costs October 27, 2023 Brandon Ivey "Higher for longer" is beginning to sink in.Read More
Short Takes: VantageScore Finds New Mortgage Borrowers / Increase in Home Sales Could Be a Blip / Applicants Seeking Lower Loan Amounts / Expanded-Credit MBS From Annaly October 26, 2023 Brandon Ivey VantgeScore suggests that many consumers characterized as "dormant" are actually infrequent users of credit.Read More
High Interest Rates Limiting Demand for MBS October 25, 2023 Brandon Ivey Banks don't have much appetite for agency MBS and whole loan bids can be stronger than execution via non-agency MBS.Read More
Another Lender Jumps Into Wholesale: Flyhomes October 23, 2023 James Dohnert The lender believes the program is a good fit for the wholesale channel because it helps brokers stand out...Read More
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
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