Non-QM Lenders Anticipate a Production Boom for 2020 January 15, 2020 Paul Muolo First Guaranty Mortgage Corp., which is owned by PIMCO, has its eye on non-QM lending of $1.0 billion…Read More
Short Takes: A Shout-out for the NHTF / Pulling the Lever on Fannie, Freddie Disbursements / Annaly and Caliber Ready Non-Agency MBS Deals / Impac Attorney Departs for Sprout January 14, 2020 Paul Muolo and Brandon Ivey The key to affordable housing financing: Fannie Mae and Freddie Mac...Read More
Expanded-Credit Loans Drive Increase in Non-Agency Activity January 14, 2020 Brandon Ivey Fun fact: Expanded-credit MBS accounted for 66.6% of non-agency issuance in 2019, compared with 43.7% in the previous year.Read More
Short Takes: Problems in Non-QM Land? / Not Really / Keeping an Eye on Velocity’s IPO / BofA Gets CFPB ‘No Action’ Letter / One is the Loneliest Number (Among the Top Ginnie Issuers) January 13, 2020 Paul Muolo and Yemeng Yang The IPO of nonprime lender Velocity Financial could price later this week or next…Read More
Goldman Stocks Jumbo MBS with Loans from Nonbanks January 13, 2020 Brandon Ivey HomeBridge Financial Services is the top contributor to the $488.80 million MBS with a 19.9% share.Read More
Short Takes: Blowout Earnings for the GSEs? / Juicing the Debate / A Frothy Non-QM Secondary? / Dow 29,000 / Greystone Buys Commercial Servicer January 10, 2020 Paul Muolo Stronger GSE earnings will bolster retained capital, which could juice the recap-and-release debate even more…Read More
Nonprime Lender Readies IPO, Wall Street Lines Up to Underwrite the Deal January 10, 2020 Paul Muolo According to one document we saw, Velocity has a post-IPO valuation ranging from $266 million to $304 million. Read More
Can Non-QM Specialist Angel Oak Crack the (Overall) Top 50? January 9, 2020 Paul Muolo As we reported a few weeks ago: Angel Oak Mortgage Solutions, a third-party non-QM lender, anticipates boosting loan originations by 66% next year to $5 billion… Read More
New Residential Preps First Expanded-Credit MBS of the Year January 9, 2020 Brandon Ivey The $278.5 million expanded-credit MBS from New Residential Investment Corp. is somewhat smaller than any of the five deals the firm issued in 2019.Read More
Deephaven Non-QM Executive Jumps Ship for Competitor Sprout January 8, 2020 Paul Muolo Sprout was launched last decade by nonprime veteran Michael Strauss...Read More
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