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
Figure Ramping Up HELOC Securitization June 6, 2023 James Dohnert Figure Lending's newest MBS will include recently originated first- and junior-lien home equity lines of credit with an unpaid principal balance of $205.4 million.Read More
Short Takes: Chase’s $200 Offer; Home-Price Appreciation Outlook; Non-QM MBS; Balbec’s Scratch-and-Dent Deal June 6, 2023 Brandon Ivey In certain areas, Chase is offering mortgage shoppers $200 to consider a mortgage from the bank.Read More
A Not-So-Bad Decline in 1Q23 EC Production June 5, 2023 Brandon Ivey The top three expanded-credit volume leaders in 1Q23: Citibank, U.S. Bank and Deephaven...Read More
To Boost Non-QM Lending, Educate Loan Originators June 2, 2023 James Dohnert “MLOs don’t want to touch non-QM if they don’t have to,” said Aaron Samples, the former CEO of First Guaranty Mortgage.Read More
Short Takes: Applications Wane / FHFA RFI on Tenant Protections / DSCR Calculations / Forgivable Second Lien May 31, 2023 Brandon Ivey Interest rates go up again, mortgage applications go down again.Read More
Chase Sees Plenty to Like in First Republic’s Business May 26, 2023 James Dohnert Chase leadership anticipates building strong relationships with the affluent borrowers that First Republic garnered throughout its 38-year existence.Read More
Short Takes: GSE Ratings on Downgrade Watch / Interest Rates Rise / Non-QM Performance Choppy May 26, 2023 Brandon Ivey The ratings of the GSEs are linked to ratings for the U.S., which are also on watch for downgrade amid an approach to breaching the debt ceiling.Read More