Correspondent Channel Gains Jumbo Market Share in 1Q21 June 9, 2021 Brandon Ivey The renewed emphasis on the correspondent channel was widespread, with nearly every lender in the group increasing originations on a sequential basis.Read More
A Different Kind of M&A: Regions Strikes Deal to Buy HIL Firm June 8, 2021 Paul Muolo EnerBank — a subsidiary of CMS Energy — has funded $11.6 billion in home improvement projects since 2002 and currently boasts loan balances of $2.8 billion.Read More
Flagstar Boosting its Prime Non-Agency MBS Issuance June 8, 2021 Brandon Ivey The collateral was originated by Flagstar and has seasoned for roughly two months.Read More
Expanded-Credit Production Nearly Flat in 1Q21 June 7, 2021 Brandon Ivey In the first quarter of 2021, expanded-credit mortgages accounted for 0.7% of total first-lien production compared to 2.2% for all of 2019.Read More
A&D Mortgage, PIMCO Ready Non-QM MBS Deals June 7, 2021 Brandon Ivey A&D's MBS is stocked with new production while PIMCO is tapping mortgages originated by Citadel Servicing Corp. nearly four years ago.Read More
The GSEs Attempt Clarity on QM Changes June 4, 2021 Brandon Ivey The switch to the new standards created some complications for single-closing construction-to-permanent loans and other products...Read More
Issuance of MBS with Newer Non-QMs Inches Northward June 4, 2021 Brandon Ivey Most expanded-credit deals issued this year have been stocked with pre-pandemic loans...Read More
Ellington Stocks Latest MBS with a Mix of Non-QMs June 3, 2021 Brandon Ivey Roughly one-third of mortgages have seasoned for more than two years and were called from previously issued MBS.Read More
'Traditional' GSE Mortgages Serve as Collateral for Provident's Non-Agency MBS June 2, 2021 Brandon Ivey Fun fact: Close to 50% of mortgages in the deal received waivers from the GSEs for traditional appraisals.Read More
Banks Show More Interest in ABS, Favoring Auto Deals June 2, 2021 John Bancroft A big chunk of the gain in auto ABS came at the top of the list. Read More
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