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
Higher-Priced Mortgage Volume Ticks Up in 2022 May 25, 2023 James Dohnert Non-agency higher-priced mortgages are a proxy for subprime loans.Read More
Short Takes: New Jumbos From United Wholesale / A Sliver of Hope for Home Sales / AAA Rating at Risk May 25, 2023 Brandon Ivey United Wholesale Mortgage now offers six fixed-rate options for jumbo mortgages.Read More
Non-QM Lenders Looking to Hire May 24, 2023 James Dohnert While business is slow in most of the mortgage market, some non-QM lenders are anticipating a busy second half of 2023.Read More
First Republic Topped Jumbo Lenders Before Demise May 23, 2023 James Dohnert For years, Wells Fargo and JPMorgan Chase were the largest originators of jumbo mortgages.Read More
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