Figure’s HELOC Securitization Activity Slows Somewhat December 10, 2024 Brandon Ivey The pending issuance is the second-smallest HELOC securitization from the firm this year.Read More
Short Takes: Refis Peter Out / Sentiment on Housing Improving / Angel Oak as Non-QM Aggregator / Foreclosures Slow December 10, 2024 Brandon Ivey Locks for refis plummeted in November following a rise in interest rates.Read More
PennyMac Financial Gets Aggressive on Jumbos, Plans MBS December 9, 2024 James Dohnert PennyMac's CEO: “Clearly, the banks have spoken. They’re not going to be as active in jumbo loans other than for their prime customers.”Read More
Short Takes: UWM Increases Size of Debt Offering / Neutral Outlook for Private MIs / Fitch Upgrades Freedom’s Servicer Rating / Buydowns Prevalent at Homebuilder / Blue Owl Capital Buying HEIs December 6, 2024 Brandon Ivey UWM's debt offering priced with an interest rate of 6.625%.Read More
Acra's New Parent: BlackRock (But for How Long?) December 4, 2024 Paul Muolo HPS, by no means a piker, has $116 billion of assets in its investment portfolio, with Acra’s holdings just a fraction.Read More
Short Takes: Planet Financial Group Plans Debt Offering / Little Demand for ARMs / Regulators Taking More Comments on Burdens / Rithm Shifts on Expanded-Credit MBS December 4, 2024 Brandon Ivey Fitch assigned a B rating to the planned $400 million senior unsecured debt issuance from Planet Financial Group.Read More
Conforming-Jumbo Business Grows in Third Quarter December 3, 2024 Brandon Ivey In the third quarter, conforming jumbos accounted for 5.4% of total agency business.Read More
Ellington to Securitize Closed-End Seconds Originated by PennyMac December 3, 2024 Brandon Ivey It's the first securitization of closed-end second liens from the affiliate of Ellington Management Group.Read More
Short Takes: FHA Adopts Bank-Like Cyber Reporting Requirements / CFPB Looks to Regulate Data Brokers / Bipartisan Legislation in House on AI / Expanded-Credit MBS From Invictus December 3, 2024 Brandon Ivey FHA’s new cyber incident reporting requirements align with those of the federal banking regulators.Read More
Non-Agency Jumbo Share of Originations Shrinks in 3Q November 26, 2024 James Dohnert The jumbo share of total first-lien originations narrowed to 12.4% in the third quarter from 13.1% in the second.Read More
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