Short Takes: Coming Clean on GSE CRTs / Do a Study / A World Dying for Yield / The CFPB is Doing What? / New Rez Readies New MBS / A Major Spike in Loan Applications / Waterstone Promotes Ziebell to GC June 12, 2019 Paul Muolo, Brandon Ivey, and Yemeng Yang Apparently, the Consumer Financial Protection Bureau is busy pursuing fair lending supervision and enforcement cases. Stay tuned...Read More
Annaly Readies Another Non-Agency MBS, This One Backed by GSE-Eligible Investment-Property Loans June 12, 2019 Brandon Ivey Issuers say they receive better execution on GSE-eligible investment-property loans in the non-agency market rather than delivering the collateral directly to Fannie and Freddie... Read More
Short Takes: Withering on the Vine in Mortgageland: Commercial Banks / Ocwen: Transfer Complete / Ocwen Changes Brand Name to PHH Mortgage / Alert: HECM Damage in Progress / Angel Oak Sees Big Gains Ahead for Non-QM June 11, 2019 Paul Muolo Looks like Ocwen is pushing the button on a name change and it's not Newco...Read More
When it Comes to Jumbos, Retail is Still the King June 11, 2019 Brandon Ivey Bank of America, the nation’s second largest jumbo producer, only uses the retail channel…Read More
Ellington Returns to Non-QM MBS Market, Sourcing Mortgages from LendSure June 10, 2019 Brandon Ivey Non-QMs account for 76.3% of the collateral... Read More
Trickle of Jumbo MBS Issuance Continues with First Deal of the Year from AIG June 7, 2019 Brandon Ivey Just three weeks remain in the month. By this point in 2018, AIG had issued two jumbo deals.Read More
Agency ‘Jumbo’ Production Plunges 21% in 1Q19 June 6, 2019 John Bancroft Meanwhile, non-agency jumbos accounted for 18% of primary market originations, up from 17.6%...Read More
Fitch to Take a Closer Look at Natural Disaster Risk for MBS June 6, 2019 Brandon Ivey Fitch Ratings plans to apply a penalty for natural-disaster risk when rating non-agency MBS and CRTs issued by Fannie Mae and Freddie Mac...Read More
Short Takes: A Lower Production Read on LOs / FHFA Chief Weighs in On Affordable Housing Creation / Thinking About What Gordon Gekko Once Said / Civic Launches Correspondent Initiative / Wholesale v. Correspondent June 4, 2019 Paul Muolo and Brandon Ivey If only we had more GSE charters...Read More
Non-QM Lenders and MBS Investors Looking to Regulators for Certainty May 31, 2019 Brandon Ivey Participants in the non-QM market are looking for guidance from federal regulators regarding the future footprint of the GSEs...Read More
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