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
The CFPB’s First Mortgage-Related Action Under Kraninger: Specialty Servicer BSI May 30, 2019 Yemeng Yang BSI is a speciality servicer that focuses on non-agency loans, but also processes Fannie/Freddie/FHA/VA paper... Read More
Angelo Gordon’s Non-QM MBS Includes Many CDFI Loans May 30, 2019 Brandon Ivey Angelo Gordon is set to include Community Development Financial Institution loans in its first non-QM MBS, prompting lower risk-retention requirements.Read More
Another Decline for Expanded-Credit Originations May 29, 2019 Paul Muolo The top five EC producers include U.S. Bank, Angel Oak, Redwood Trust, Citadel Servicing Corp., and New Rez…Read More
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