Rocket, FirstKey Team on Closed-End Second Securitization June 15, 2023 Brandon Ivey It's the first securitization from Rocket of closed-end second liens.Read More
Short Takes: Fed’s Impact on Mortgage Rates / FHA Servicers Struggled Amid COVID / Ginnie Extends RON / Unknown Lenders in Annaly’s MBS June 15, 2023 Brandon Ivey Just because the Fed paused its interest rate increases doesn't mean rates on mortgages will stop going up.Read More
Short Takes: FHA Offers Translated Docs / Redwood Cuts Dividend / Strong Demand for Change’s MBS / New Hire at Cenlar June 14, 2023 Brandon Ivey and Paul Muolo The translated documents include loan application materials, model documents and various disclosures...Read More
Redwood Partners With Oaktree on Bridge Loans June 13, 2023 Brandon Ivey Redwood's CoreVest originated $264 million of bridge loans in the first quarter of 2023.Read More
In Limbo: The Future of Select Portfolio Servicing June 12, 2023 Paul Muolo Roughly $1.6 billion in advances were attached to the portfolio.Read More
Jumbo Sector Takes a Hit in First Quarter June 9, 2023 John Bancroft Jumbo lending held up relatively well in 2022 as interest rates increased. That trend ended in the first quarter of 2023.Read More
Short Takes: Foreclosures Increase / Affordability Improves / Upgrades for Velocity’s MBS June 9, 2023 Brandon Ivey Foreclosure filings increased in May.Read More
Jumbo Servicing Portfolios Grow Somewhat in First Quarter June 8, 2023 James Dohnert Limited prepayment activity it helping to prop up jumbo servicing portfolios.Read More
Sprout Settles With Ex-Employees for $3.5 Million June 7, 2023 Sam Manas The former non-QM lender settled four class actions brought by former employees.Read More
Rise in Gig Economy Income an Opening for Lenders June 7, 2023 James Dohnert Gig economy income can help potential borrowers qualify for a mortgage, with some complications.Read More
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