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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.
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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...
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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.
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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.
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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...
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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.
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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.
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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.
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JPM Takes Control of First Republic in Federally Assisted Deal

May 1, 2023
James Dohnert
Among mortgage servicers, FRB ranked 22nd, according to Inside Mortgage Finance.
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Redwood Sees Jumbo Opportunity as Banks Suffer

April 28, 2023
James Dohnert
Redwood Trust anticipates that more jumbos will flow through its conduit as liquidity becomes a significant concern for some regional banks.
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