Jumbo Lending Drops in First Quarter May 19, 2023 John Bancroft Banks reduced their appetite for jumbos in the first quarter.Read More
Former First Republic CEO Cites ‘Contagion’ From Other Failed Banks May 17, 2023 Brandon Ivey Everything was going relatively well at First Republic, until it wasn't...Read More
Short Takes: Home Price Projections / Applications Decline / Better Stock for Garg / Non-QM MBS May 17, 2023 Brandon Ivey and Paul Muolo Home price declines in California in 2023 might not be as bad as initially expected.Read More
A 1Q23 Profit for Sachem, Lender ‘Selectively’ Looking for Opportunities May 15, 2023 Paul Muolo Although the REIT posted a profit, its share price is a few ticks above its 52-week low of $3.16...Read More
Jumbo Correspondent Sales Down in 2022 May 11, 2023 James Dohnert Sales of jumbos in the correspondent channel fell by 50.9% on an annual basis in 2022.Read More
Non-QMs an Option for Borrowers in Cannabis Industry May 10, 2023 James Dohnert While many states have approved of cannabis sales, it's still considered a Schedule I substance on the federal level.Read More
As Banks Falter, Annaly Sees an Opportunity in Jumbos, EC... May 8, 2023 James Dohnert Annaly was the largest nonbank issuer of prime jumbo and expanded-credit MBS in 2022...Read More
Angel Oak’s REIT Breaks Even in First Quarter May 4, 2023 James Dohnert Resuming purchases of newly originated loans and taking part in a January securitization, Angel Oak Mortgage experienced a slight boost to start the year.Read More
Short Takes: Rate Locks Slow / TD Bank-First Horizon Merger Off / Black Knight’s Margin / Annaly Stocks GSE IPLs in Non-Agency MBS May 4, 2023 Brandon Ivey Locks for both purchase mortgages and refinances declined.Read More
Short Takes: JPM, First Republic and Jumbos / Home Prices Increasing / Change in Non-QM Performance / Another Servicer Slated for Sale / Cook's Comp May 2, 2023 Brandon Ivey and Paul Muolo Chase isn’t going to follow First Republic’s jumbo-lending model.Read More
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