Nonbanks Step Up Efforts with Non-Agency Products January 23, 2019 Brandon Ivey More nonbanks, including the top-ranked PennyMac, are growing comfortable with non-QMs…Read More
Don’t Look Now but Jumbo LTVs are on the Rise: 76 Percent and Climbing… January 22, 2019 Brandon Ivey However, the rise in the LTV ratio occurred as issuance volume declined…Read More
Angel Oak Preps Largest Post-Crisis Nonprime MBS January 18, 2019 Brandon Ivey Some 51.1 percent of the loans were underwritten using borrower bank statements. Read More
ABS Issuance Hits Post-Crisis High Despite Soft Landing January 18, 2019 John Bancroft The only ABS to show increased production in 4Q18 were deals backed by business loans.Read More
‘Mega’ Jumbos Surge. But Who’s Originating Them? January 18, 2019 Brandon Ivey You’ve heard of “super” jumbos. What about “mega” jumbos?Read More
Short Takes: A Landmark Non-QM MBS from Angel Oak / Better Mortgage Sees Furloughed Government Workers and Comes Up with a Product to Serve Them / Retail Declines at BB&T / Seterus Hands Out Pink Slips to 300 / MGIC’s Results / MBA Promotes Knowlton January 17, 2019 Brandon Ivey and Paul Muolo The Seterus platform will cut 300 full-time workers in the Durham area. The unit is being sold to Mr. Cooper...Read More
A New Year and a New MBS from Redwood Trust January 4, 2019 Brandon Ivey Servicing will be handled by six different firms with Shellpoint Mortgage Servicing getting a large chunk of the contract…Read More
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