Non-Agency MBS Issuance Declines in Second Quarter July 18, 2023 James Dohnert Several usually active issuers had no issuance in the second quarter, including Angelo Gordon, Ellington Financial REIT and Redwood Trust.Read More
Short Takes: Small Profits / Few Homes for Sale / DBRS Ready to Rate HEI Securitizations July 18, 2023 Brandon Ivey FirstBank's mortgage division generated small profits in May and June.Read More
SFR Market Softening as Investors Assess Lower Returns July 17, 2023 James Dohnert Investors are reassessing their property portfolios due to shrinking income yields and rising rates...Read More
Ratings Likely for Fix-and-Flip Securitizations July 14, 2023 James Dohnert The first large revolving RTL securitization was issued in 2018 and to this point, none of the deals in the sector have received ratings.Read More
Terra Property Trust Rebuts Some Claims Tied to Western Asset REIT July 14, 2023 Brandon Ivey The fate of Western Asset Mortgage Capital's convertible debt is a concern.Read More
Short Takes: One More Rate Hike? / Lender Offers AI Chatbot / New Jumbo MBS July 14, 2023 Brandon Ivey After one more interest rate hike, the Federal Reserve will likely take a break for awhile, S&P Global Ratings says.Read More
Short Takes: Competing Bid for REIT / Rates to Remain Elevated / Upgrade for NewRez July 13, 2023 Brandon Ivey AG Mortgage Investment Trust has joined the competition for Western Asset Mortgage Capital.Read More
MISMO Offers Data Standards for Non-Agency MBS July 7, 2023 James Dohnert Non-agency MBS participants have been working with an outdated data set.Read More
Jumbo Denial Rates Steady as Originations Decline July 6, 2023 James Dohnert The denial rate on applications for jumbo mortgages was 11.9% in 2022.Read More
Solace in ARMs? Not Quite. Originations Down 38% July 5, 2023 James Dohnert First Republic Bank — now the property of JPMorgan Chase — was the top originator of ARMs in 1Q23...Read More
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