Modest Increase in Non-Agency MBS Issuance Expected November 21, 2023 Brandon Ivey Issuance of non-agency MBS and GSE CRT deals will increase by 9% on an annual basis in 2024, according to projections by Kroll Bond Rating Agency.Read More
Non-QM Lenders Seeing Some Improvements November 17, 2023 Paul Muolo More insurance companies are showing up to bid for non-QMs, drawn by higher yields and the safe haven that residential assets can provide.Read More
Short Takes: Senators Call for VA to Adjust Loss Mit / SPS Update / Guaranteed Rate Offers Program for Real Estate Agents / Another Jumbo MBS From Chase November 16, 2023 Sam Manas The senators said VA should pause foreclosures for borrowers who will likely qualify for the Veterans Assistance Servicing Purchase program.Read More
Short Takes: Inventory Recovering / First-Time Homebuyer Share Increases / A&D Goes Bigger With Latest MBS / Republican Senators Call for Withdrawal of Capital Requirement Proposal November 14, 2023 Brandon Ivey The inventory of homes for sale was stronger than anticipated in October.Read More
Large Nonbanks, Smaller Lenders Driving Jumbo MBS November 8, 2023 James Dohnert United Wholesale Mortgage remained the top originator of loans in prime non-agency MBS in the third quarter.Read More
Short Takes: Nonbanks Not in FHFA’s Plans for FHLBanks / Applications Tick Up / New MBS From Verus / Pretium Wins Fannie NPL Auction November 8, 2023 Brandon Ivey FHFA left it up to Congress to decide whether nonbanks should be provided access to Federal Home Loan Bank advances.Read More
Angel Oak REIT Bounces Back in Third Quarter November 7, 2023 James Dohnert Angel Oak REIT posted an $8.3 million profit in the third quarter, after spilling red ink in the second quarter.Read More
Short Takes: Banks See Weak Demand, Tighten Underwriting / FHA Extends Waiver on Face-to-Face / MFA Takes Loss / HELOC Securitization November 7, 2023 Brandon Ivey Demand for mortgages from banks declined in the third quarter and many banks further tightened underwriting.Read More
Former FHLB Chicago Executive Launches National TPO Lender November 6, 2023 James Dohnert The correspondent lender initially will offer 15- and 30-year jumbo loans, non-qualified mortgages and agency products.Read More
Change Resolves CDFI Status Issues November 2, 2023 James Dohnert Change Lending has come to an agreement-in-principle with the CDFI Fund to regain its CDFI good-standing status.Read More
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