Large Amount of Non-QMs ‘Stuck’ on Warehouse Lines February 13, 2023 Paul Muolo and Brandon Ivey Upwards of $1.0 billion of non-QMs are sitting on warehouse lines that would have typically been sold months ago, according to one estimate.Read More
MFA Stocks MBS with Cash-Out Refi IPLs February 7, 2023 Brandon Ivey The DSCR loans have an average interest rate of 7.0%.Read More
Angel Oak REIT Participates in Non-QM MBS, Reduces Warehouse Debt February 1, 2023 Paul Muolo The loans backing the deal have average seasoning of 12 months.Read More
Fix-and-Flip Players Turn to Fix-and-Rent February 1, 2023 Brandon Ivey Entry-level buyers are the largest share of purchasers for flipped homes...Read More
CDFI Proposal Could Impact Non-Agency Players January 31, 2023 Brandon Ivey CDFIs, for now, are exempt from the CFPB's ability-to-repay requirements.Read More
Short Takes: Staying In TPO / An Old M&A Deal That Fell Apart / Rocket and HELOCs / The HPI Goes Negative / Impac Must Pay Up January 31, 2023 Paul Muolo and Brandon Ivey Trouble ahead? The Federal Housing Finance Agency’s home price index went negative (though barely) in November...Read More
Investment Properties Dominate 4Q EC MBS Issuance January 30, 2023 Brandon Ivey Bottom line: Investment-property loans were a bright spot, accounting for nearly 60% of expanded-credit MBS...Read More
A Non-QM Deal With a WAC of Close to 9% January 26, 2023 Paul Muolo Given the yield on the security, the offering should be well received.Read More
Potential Trouble: Low-Coupon Non-QMs Sitting on Warehouse Lines January 25, 2023 Paul Muolo Others found a way to avoid the day of reckoning, but time may be running out...Read More
Freedom Financial Ready to Market Another HELOC Securitization January 24, 2023 Brandon Ivey Freedom Financial issued a similar HELOC deal in November.Read More
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