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Jumbo Production Rises, JPM the Market Leader

August 30, 2023
James Dohnert
The top five jumbo producers for the first half of the year: JPMorgan, Wells Fargo, BofA, U.S. Bank and Citi...
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Cost-Cutting in the Non-QM Sector: Nothing is Off the Table

August 29, 2023
James Dohnert
When it comes to cutting origination costs, nothing is sacred, noted one CEO...
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Change Lending Reportedly Loses CDFI Designation

August 28, 2023
James Dohnert
While Change Lending is no longer on the list, its parent company, The Change Company CDFI, remains...
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Court Ruling Could Alter Non-Agency Clean-Up Call Practices

August 24, 2023
James Dohnert
The lawsuit focused on whether $75 million of deferred principal payments owed by borrowers who had entered into loan modification programs following the 2008 financial crisis should factor into the clean-up call price of MBS held by Deutsche Bank.
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Short Takes: Recession or Soft Landing? / SoftBank Reduces Funding for Better / Jumbo Reverse Mortgage MBS

August 24, 2023
Brandon Ivey
Whether it's a mild recession or a soft landing, it won't make much difference to home sales, according to economists at Fannie.
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Visio Ramps Up MBS Issuance With DSCR Loans

August 22, 2023
Brandon Ivey
Visio-Beach Point Mortgage Trust is marketing a $191.6 million non-agency MBS.
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Shellpoint Loses Some Share in Non-Agency MBS Servicing

August 17, 2023
James Dohnert
Shellpoint handled servicing on $3.10 billion in non-agency MBS issued in the second quarter of this year, a 33.2% decline from the previous quarter.
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Change Moves Faster with Latest MBS

August 17, 2023
James Dohnert
Mortgages in the new non-QM MBS from Change have seasoned for an average of just one month.
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UBS Settles with DOJ on Pre-2008 Claims

August 15, 2023
Brandon Ivey
The DOJ alleged that UBS misled investors in 40 non-agency MBS, violating the Financial Institutions Reform, Recovery and Enforcement Act.
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Short Takes: New-Home Loan Applications Level Off / New REIT for Roc / Another Pivot for Altisource Asset Management?

August 15, 2023
Brandon Ivey
Altisource Asset Management shifted in recent years from asset management to aggregating non-agency mortgages. Another shift could be in the works...
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