Agencies Lag Behind in 1Q21 Jumbo Mortgage Lending June 10, 2021 John Bancroft All things equal, "agency" jumbo volume might be expected to grow when loan limits are raised.Read More
Goldman to Issue $1.04 Billion Prime Non-Agency MBS June 10, 2021 Brandon Ivey Previously, the largest post-2010 prime non-agency MBS from Goldman was a $622.1 million deal issued in April.Read More
Angel Oak’s REIT Could Raise Close to $200 Million with IPO June 9, 2021 Brandon Ivey After a long slowdown tied to the pandemic, the Angel Oak family of companies is ramping up its originations of non-QMs...Read More
Denial Rates for FHA Loans Highest Among All Loan Types June 9, 2021 Lisa Burden Roughly 14.1% of borrowers who applied for an FHA-insured purchase loan were turned down last year, compared to 12.4% in 2019.Read More
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