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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.
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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.
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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.
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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.
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Short Takes: CFPB and DOJ on Immigration Status / New HEI Securitization / Home Prices Up in Third Quarter

October 13, 2023
Brandon Ivey and James Dohnert
The CFPB and DOJ issued a statement on denials of credit based on an applicant's immigration status.
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A&D, Redwood Go Bigger With Latest Non-Agency MBS

October 12, 2023
Brandon Ivey
The latest non-agency MBS from A&D Mortgage and Redwood Trust are larger than the previous issuance by the firms.
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Temple View Plots Growth With Residential Transition Loans

October 10, 2023
James Dohnert
“The only kind of new supply coming out of the market in any scale is ground-up construction or refreshed housing products,” said Steven Trowern, the founder and principal of Temple View Capital.
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Short Takes: Regulators Looking for Specifics on Basel / Lenders Slightly Loosen Underwriting Standards / Non-QM Moves

October 10, 2023
Brandon Ivey and James Dohnert
In a speech Monday, Michael Barr largely defended the Basel proposal while also encouraging feedback to help with potential revisions.
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Non-Agency MBS Issuance Jumps 21% in 3Q23

October 9, 2023
James Dohnert
The top three issuers of non-agency MBS in 3Q23: JPMorgan Chase, Onslow Bay Financial and Invictus Capital...
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Movement Mortgage Jumps Ahead With Newer FICO Model

October 5, 2023
Brandon Ivey
While FICO 10 T won't be used for GSE mortgages for some time, Movement will use the scoring model for non-agency mortgages.
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