Flagstar Top Contributor to Expanded-Credit MBS in 2Q21 August 4, 2021 Brandon Ivey Some $1.12 billion of ECMs originated by Flagstar were included in non-agency MBS during 2Q21. The lender is slated for sale to NYCB.Read More
Investment-Property MBS Gains Traction (Thank You FHFA) August 3, 2021 Brandon Ivey As has been the case for the past few months, the IP deals were largely stocked with loans that were eligible for sale to Fannie and Freddie...Read More
Longbridge Preps its First Non-Agency MBS with Proprietary Reverse Mortgages August 3, 2021 Brandon Ivey Loans in the reverse MBS were originated between 2019 and this year, according to a presale report from DBRS.Read More
The Reason Behind Non-QM Growth: Plentiful Warehouse Credit August 2, 2021 Paul Muolo Silvergate Bank is one of the more active warehouse financiers in the non-QM space...Read More
Forbearance Reading Ticks Up. Trouble Ahead? (Probably Not) July 30, 2021 Paul Muolo Black Knight: “While still low, new forbearance plans hit their highest weekly level since late March, with restart activity also remaining elevated.”Read More
Jumbo Business Mellows, SFR Soars at Redwood in 2Q21 July 29, 2021 Brandon Ivey Margins on the aggregation of jumbos came back down to earth while Redwood's business purpose lending unit flourished...Read More
Nomura Ramping Up Investment-Property Non-Agency MBS Issuance July 28, 2021 Brandon Ivey Nomura issued its first investment-property non-agency MBS in May.Read More
ABS Issuance Falters in 2Q but 2021 on Pace for Big Year July 28, 2021 With American Airlines grounded, issuance of business-class ABS fell $6.03 billion, or 23.0%, from the first to the second quarter.Read More
JPM Hits Market With Yet Another Investment-Property MBS. Next Up: UWM July 27, 2021 Brandon Ivey Take note: Two investment-property non-agency MBS from JPMorgan Chase in less than a week.Read More
Refis Drive Surge in Jumbo MBS Issuance in Second Quarter July 21, 2021 Brandon Ivey Roughly $2.26 billion of jumbo MBS issued in the second quarter included a cash-out component...Read More