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Jumbo Servicing Portfolios Grow Somewhat in First Quarter

June 8, 2023
James Dohnert
Limited prepayment activity it helping to prop up jumbo servicing portfolios.
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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.
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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.
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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.
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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.
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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...
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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.
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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.
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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.
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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.
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