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Jumbo Lending Jumps at First Republic in Second Quarter

July 13, 2021
Brandon Ivey
The bank increased its mortgage originations by 26% quarter-over-quarter.
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Finally: GSEs and Non-Agency MBS Now on Level Playing Field with QMs

July 9, 2021
Brandon Ivey
The hope is that the non-agency market will now be on closer to equal footing with the GSEs in terms of compliance burdens relating to the CFPB...
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Non-Agency MBS Issuance Hits Post-2009 Record in 2Q21

July 6, 2021
Brandon Ivey
Issuance of non-agency MBS jumped by more than 80% on a sequential basis in the second quarter of 2021.
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Short Takes: Home Price Appreciation at 2005 Levels / Forbearance Rate Flat / Many Borrowers Extending / Saluda Grade Capital Raise

July 6, 2021
Brandon Ivey
Annual home price appreciation in May hit a level last seen in 2005...
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Jumbo Correspondent Production Booms...

June 30, 2021
John Bancroft
Correspondent production of jumbos spiked 53.3% from 4Q20 to 1Q21, fueling a 2.6% increase in total jumbo lending.
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Angel Oak Boosts Volume with Latest Non-QM MBS

June 30, 2021
Brandon Ivey
The $303 million deal is the third MBS from Angel Oak this year and the largest of the three.
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Wells Fargo Tosses Personal Credit Lines Overboard

June 29, 2021
Paul Muolo
When it comes to lending products, the 'Stagecoach" is lightening its load...
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Citi and PennyMac Partner on Non-Agency MBS with GSE-Eligible Loans

June 29, 2021
Brandon Ivey
The MBS will be the first from Citi with GSE-eligible loans and it marks PennyMac's return to the sector after years away.
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With the Calabria Era Over, Lenders Seek to Overturn Controversial GSE Moves

June 24, 2021
Paul Muolo and Dennis Hollier
Asked whether the administration would acquiesce on the changes, CHLA Director Scott Olson — a former denizen of Capitol Hill — said he’s “somewhere between hopeful and confident.”
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The Second-Lien Slump Continues...

June 24, 2021
It’s not uncommon for home-equity lending to take a back seat when first-lien refinancing is running hot but the refi market appears to be waning...
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