Verus Readies Non-QM MBS Backed by Investor Loans April 23, 2019 Paul Muolo Founded in 2015, Verus Mortgage has notched 10 rated non-QM MBS deals...Read More
Short Takes: Bucking the Origination Trend: BofA and USB / A Strong Quarter for Warehouse Bank Texas Capital / Reliant Hires RoundPoint as a Subservicer / Waterstone in the Hunt for a CEO / A New Hire for Guaranteed Rate April 19, 2019 Paul Muolo A stand-out was Texas Capital's “loans held for investment” program which ended the quarter at $6.30 billion, up 34% from a year ago. Read More
Ditech Discloses Limited Financials and It’s Not Pretty: A $105 Million Loss for February April 18, 2019 Paul Muolo The Ditech financial hole just got bigger...Read More
360 Mortgage Plans Up to $1.0 Billion of No-Income, No-Asset Mortgages April 17, 2019 Brandon Ivey 360 Mortgage is focusing on non-owner-occupied investment properties, which aren't subject to ability-to-repay requirements...Read More
Short Takes: A Record Non-QM Quarter for Angel Oak / $9.7B Under Management / Good News for FHFA, Bad News for HUD / Filling the Holes / Take Our Servicing Trivia Test April 16, 2019 Paul Muolo A record production quarter for Angel Oak...Read More
Deephaven Preps its Second Nonprime MBS of the Year April 16, 2019 Brandon Ivey Some 98 lenders contributed mortgages to the $369.73 million nonprime MBS, though only one was identified by rating services.Read More
Expanded-Credit MBS Issuance Hits Record in 1Q19 April 15, 2019 Brandon Ivey Industry analysts expect the mini-boom in non-QM and EC MBS to continue...Read More
GE Hit with $1.5 Billion Penalty from DOJ for Problems with Pre-Crisis Mortgages April 15, 2019 Brandon Ivey WMC Mortgage "jacked up volume without controls," according to a member of General Electric's corporate audit staff.Read More
Annaly Affiliate Set to Issue Expanded Credit MBS April 12, 2019 Brandon Ivey Banc of California is the top contributor to a new $388.16 million expanded-credit mortgage-backed security from an affiliate of Annaly Capital Management.Read More
Auto ABS Losses Defy Expectations April 12, 2019 Yemeng Yang Early figures on GM Financial's auto ABS transactions of the past two years show strong performance and lower losses than expected...Read More
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