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Volatility in Expanded-Credit Market Shakes Up MBS Contributors

August 8, 2022
Brandon Ivey
Among the top five contributors to expanded-credit MBS in 2021, only two cracked the top five in 2Q22...
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Western Asset’s Non-QM-Focused REIT Considering Sale

August 5, 2022
Brandon Ivey
At June 30, the REIT held non-qualified mortgages of roughly $1.24 billion...
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Redwood Swings to Loss in 2Q, Jumbo Acquisitions Drop

July 29, 2022
Brandon Ivey
Redwood took losses on both its long-term investments and jumbo aggregation activity in the second quarter.
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Radian Launches Non-Agency Conduit

July 25, 2022
Paul Muolo
Radian joins Arch MI as mortgage insurance companies that now have non-agency conduit operations.
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Surprise: Lone Star Stocks MBS with Loans Funded by Now-Defunct Sprout

July 22, 2022
Brandon Ivey
Lone Star made some adjustments to its typical MBS issuance practices to help protect investors from any fallout tied to Sprout.
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SFA Roundup: Time to Buy Structured Finance Assets Again? Hmm…

July 22, 2022
Brandon Ivey
According to Michael Daurio, head of capital markets at AMIPM, an investor in distressed mortgages, the structured finance market has been on a wild ride...
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Short Takes: Michael Strauss’ Last Stand / Not the Hamptons House / No Word / In Good Standing? / A New Compliance Chief for Freddie

July 22, 2022
Paul Muolo and Brandon Ivey
Now, if the house was in Jones Beach, that might be a different matter...
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A Counterintuitive Move: Enter Non-QM Market

July 20, 2022
Paul Muolo
Licensed in 50 states, Celebrity is employee owned.
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Whole-Loan Buyers Playing Significant Role in Non-Agency Market

July 18, 2022
Brandon Ivey
“It’s a little depressing right now being in RMBS,” said one SFA panelist in jest...
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Short Takes: GSE Reform on the Horizon? (Hardly) / The Mid-Terms / A Limited Life / Stress Relief for Mortgage Companies? / Buy American (Homes)

July 18, 2022
Brandon Ivey and Paul Muolo
Hope for legislative reform of Fannie Mae and Freddie Mac? Not really...
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