Banks Squirrel Away First Liens. Of Note: First Republic March 29, 2023 Brandon Ivey First Republic's first-lien holdings jumped 28.7% last year...Read More
Figure Readies MBS Backed by Nonbank-Originated HELOCs March 29, 2023 Brandon Ivey It's the first HELOC securitization from Figure to receive a credit rating.Read More
Little Change in Jumbo Channels but That Won’t Last (Wells) March 28, 2023 Brandon Ivey However, drastic market changes are likely as Wells Fargo ends its correspondent lending efforts...Read More
JPM Stocks DSCR Loans in Non-Agency MBS March 27, 2023 Brandon Ivey It's the second DSCR non-agency MBS from Chase, following a deal issued in November.Read More
Grapevine: Trouble in Fix-and-Flip Land? / About Nonbanks… March 23, 2023 Paul Muolo and Dennis Hollier There are plenty of fix-and-flip home sales but profitability is starting to slip. Meanwhile, in his new book, Calabria takes a poke at nonbanks.Read More
Second-Lien Lending Peaked in 3Q22 but Had Strong Full-Year Showing March 23, 2023 Namrata Bhatia The top three originators of home-equity loans last year: Citizens Bank, Wells Fargo and PNC...Read More
Altisource Launches Non-Agency Lending Efforts March 23, 2023 Brandon Ivey The underwriting of AAM's mortgages is outsourced to India...Read More
First Republic for Sale? What Might Its Jumbo Whole Loans be Worth? March 22, 2023 Paul Muolo One of FRB's products is the jumbo IO...Read More
Future of Nation’s Largest Nonprime Servicer SPS? CS Won't Say March 20, 2023 Paul Muolo SPS has a portfolio size of $141.0 billion and a dominant market share of 42.9%...Read More
Parent of Sterling Bank Pleads Guilty to Charge Involving Non-QMs March 16, 2023 Brandon Ivey Sterling remains under investigation by the SEC but bank management doesn't believe it will result in an enforcement action...Read More
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