Jumbos Took It On the Chin in 1Q20 May 20, 2020 Brandon Ivey Overall, the jumbo origination share fell to 11.9% in the first quarter from 14.1% in 4Q19...Read More
Goldman to Issue Prime Non-Agency MBS with Recently Originated Loans May 19, 2020 Brandon Ivey The MBS from Goldman Sachs ends the pause in issuance of prime non-agency MBS that started in March when the coronavirus rear-ended the market...Read More
Angel Oak Set to Resume Issuance of Non-QM MBS May 18, 2020 Brandon Ivey Mortgages in the MBS have seasoned for an average of 7.7 months, according to a presale report from Fitch Ratings.Read More
More Woes for Impac Mortgage: 1Q20 Results Will Be Late May 15, 2020 Paul Muolo Last month, Impac agreed to sell a $4.1 billion Freddie Mac servicing portfolio to PNC Bank for an undisclosed sum... Read More
1Q20 Drilldown: Pandemic Brings Huge Decline in REIT MBS Holdings May 15, 2020 John Bancroft Non-agency MBS holdings fell only $13.77 billion, but that represented a 64.9% decline.Read More
Surprise: First Republic Bank Preps Non-QM MBS May 15, 2020 Brandon Ivey Even more noteworthy: First Republic hasn’t issued any non-agency securities since the market meltdown of 2008. Read More
Redwood's CoreVest Readies First SFR MBS Since COVID Volatility Started May 12, 2020 Brandon Ivey Fitch and KBRA assigned preliminary AAA ratings to the new MBS. Both incorporated coronavirus-related stress measurements to their calculations...Read More
Surprise: A New Non-QM Deal is Ready to Hit the Market May 11, 2020 Brandon Ivey Top contributors to the deal include 5th Street Capital with a 42.8% share and Sprout Mortgage (41.0%). Servicing is being divided among Specialized Loan Servicing (62.4%), Fay Servicing (31.4%) and Lima One Capital (6.2%). Read More
Citadel Files WARN Act Notice, Staff Cuts of at Least 108 May 4, 2020 Paul Muolo Citadel currently is not originating but services a roughly $3.5 billion portfolio. Read More
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