Rice Park and Hunter Street Close Deal for Fix-and-Flip Funder December 22, 2021 Paul Muolo As Christmas approaches, fix-and-flip originators are flying off the shelves...Read More
Chase Offers Non-Agency MBS with Higher LTV Ratios December 22, 2021 Brandon Ivey The average combined LTV ratio on the new jumbo MBS from Chase is 86.6%.Read More
Looser Underwriting Becoming a Concern in the Non-Agency Market December 20, 2021 Brandon Ivey Industry veteran Rudy Orman of Reliant Bank worries about lenders offering debt service coverage ratios of less than 1.Read More
Fix-and-Flip Lender Pays 6% for Five-Year Paper December 15, 2021 Paul Muolo The fix-and-flip market has been red hot the past five years, but...Read More
Rocket’s Jumbo MBS Issuance Heading Back To Earth December 8, 2021 Brandon Ivey Redwood recently issued a jumbo MBS sized at roughly $1.0 billion, while the new offering from the nonbank is somewhat smaller.Read More
Nonprime Servicing Portfolios Mostly Unchanged in 3Q21 December 8, 2021 Brandon Ivey Three of the top five nonprime servicers posted declines from the second to the third quarter.Read More
Redwood Calls for Revision on How GSE Loan Limits Are Calculated December 7, 2021 Brandon Ivey FHFA should use its authority to constrain GSE acquisitions of high-balance mortgages, according to Redwood Trust.Read More
Expanded-Credit Mortgage Originations Up 24% in 3Q21 December 6, 2021 Brandon Ivey The ECM gain came as overall production fell 2.8% from the second quarter to the third...Read More
United Wholesale Rolls Out Non-QM Product December 2, 2021 Brandon Ivey While IOs are non-QMs, UWM isn’t necessarily going down the credit scale...Read More
Lenders Eye Non-QMs as a Replacement for Refi Business December 1, 2021 Brandon Ivey A&D Mortgage: “With conventional rates on the rise again, now is a perfect time to reconsider non-QMs"...Read More
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