Acra’s Non-QM Business Viewed as ‘Stable’ by DBRS June 30, 2023 Brandon Ivey Acra Lending has turned a profit in six of the past seven years.Read More
Western Asset’s REIT to Merge With Terra Property Trust June 28, 2023 Brandon Ivey Western Asset Mortgage Capital's investments in residential assets will be sold off, with the capital going toward commercial assets.Read More
Chase Helping to Boost Second-Lien Securitization June 28, 2023 Paul Muolo Issuance of securitizations with second liens in 2023 has already surpassed the volume seen in all of 2022.Read More
Short Takes: Applications Up Slightly / New Non-QMs at UWM / Chase Expands Grant Offering / TX Bank to Resume Lending / Angel Oak REIT’s MBS June 28, 2023 Brandon Ivey Purchase mortgage application levels are still well below the activity seen at this time last year.Read More
Short Takes: A Rare Jumbo MBS / Data Standardization / Delinquencies Decline / Home Price Outlook June 23, 2023 Brandon Ivey Only two jumbo MBS hit the market in a 30-day span. Both were from Chase...Read More
Correspondent Share of Jumbo Lending Declines June 22, 2023 James Dohnert The retail channel gained market share in the jumbo sector as Wells retreated from correspondent lending.Read More
Chase Aggregates HELOCs From Nonbanks for Securitization June 22, 2023 Brandon Ivey HELOCs originated by United Wholesale Mortgage, loanDepot and others are going into a securitization from Chase.Read More
DSCR Lenders Turn to Lower-Ratio Loans June 21, 2023 James Dohnert Some lenders note that they’re comfortable approving DSCR loans with ratios of less than 1.0 due to expectations that rents will rise.Read More
Change Seeing Success with Non-QM Program June 20, 2023 James Dohnert Change recently issued its first expanded-credit MBS to receive a AAA rating.Read More
Short Takes: Servicers Reduce Staff / New Non-QM MBS / Homebuilder Buydown Tactics June 16, 2023 Brandon Ivey Staffing levels at servicers are declining, though not nearly at the rate seen on the origination side.Read More
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