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Bank ABS Portfolios Showed a Modest Increase in 4Q18

March 1, 2019
John Bancroft
Consumer asset-backed securities, including unsecured debt consolidation loans and education financing, remained the most popular ABS category for banks…
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ATTOM: Fewer Home Flips but More Borrowed Money

February 28, 2019
Yemeng Yang
Translation: fewer loan units but a higher dollar volume.
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Angel Oak Rolls Out Fix & Flip Wholesale Option, Hires JPM Exec

February 26, 2019
Paul Muolo
To lead the effort, Angel Oak hired JPMorgan executive Will Jackson…
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Short Takes: How Fast for Calabria? Very Fast / It Pays to Have a Godfather / What About a ‘Hold’? / Record Attendance at SFIG Vegas / Mixed Opinions on Expanded-Credit

February 26, 2019
Brandon Ivey and Paul Muolo
Now for the big question: Will any Democratic senators put a hold on the Calabria nomination?
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Coming Up Roses: Nonprime MBS

February 22, 2019
Brandon Ivey
Verus first launched its acquisition program in 2015. As of the end of October, the company had purchased mortgages with an aggregate principal balance of $3 billion…
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Short Takes: BSI Looking to Buy MSR Portfolios / Goldstone Running the Program / A Red Hot Servicing Market / A Strong Quarter for Texas Capital / Slip, Sliding Away: Fannie’s and Freddie’s Subprime Assets

February 21, 2019
Paul Muolo and Brandon Ivey
A red hot servicing market is keeping deal makers happy...
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Jumbo Lending Falls in 4Q18 On Weaker Demand

February 19, 2019
Brandon Ivey
In the jumbo qualified mortgage space, 21 of 60 banks reported weaker demand…
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JPM Set to Issue Another Jumbo MBS Backed by Loans with High LTVs

February 19, 2019
Brandon Ivey
United Shore Financial Services originated 60.6% of the collateral…
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Short Takes: The Largest Post-Crisis Nonprime MBS? / FICOs as Low as 500 / Reasons for Getting Out (Blame the Tech Giants?) / Sell One, Buy Two / Movement EVP Taveekanjana Departs for Envoy

February 19, 2019
Brandon Ivey and Paul Muolo
Jumping from Movement Mortgage to Envoy Mortgage: Tony Taveekanjana...
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What We’re Hearing: Calabria, a Sure Bet? / Warm Thoughts About Fannie-Freddie Loan Limits / Retaining More Capital / Congress? / Conservatorship Purgatory / Looks Like Radian is in Play / A Sale Dragging On and On and On: Genworth / Industry Vet Rudy Orm

February 15, 2019
Paul Muolo
On the doorstep: The recap and release of Fannie and Freddie?
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