Short Takes: Homebuilder Originations Up / Credit Inquiries for Mortgages Declining / More Expanded-Credit MBS / Forbearance Declines April 22, 2025 Brandon Ivey PulteGroup and NVR boosted mortgage originations on an annual basis in the first quarter of 2025.Read More
One Positive Sign: Non-QM Bidders Return April 21, 2025 Paul Muolo As the Trump-induced turmoil spread, Treasury yields — defying historic norms — headed north.Read More
Short Takes: Powell on Tariffs / Pulte Threatens Mortgage ‘Recall’ / New Credit Score Model From VantageScore / RTL Securitization From Temple View April 17, 2025 Brandon Ivey “The level of the tariff increases announced so far is significantly larger than anticipated,” said Fed Chair Jerome Powell.Read More
Non-Agency MBS Floodgates Open Mid-April April 15, 2025 Brandon Ivey The uptick in planned issuance follows a period of weak demand from investors due to uncertainty on the economic outlook as tariff policies fluctuate.Read More
Investor Demand for Non-Agency Mortgages Falters April 11, 2025 Brandon Ivey The spread on an expanded-credit MBS Annaly Capital Management priced this week was the widest pricing for the senior tranche of an expanded-credit MBS in more than a year.Read More
Morgan Stanley Preps Expanded-Credit MBS With HomeXpress April 11, 2025 Brandon Ivey HomeXpress is owned by Seer Capital Management, an investment fund.Read More
Short Takes: GSEs Update Servicing Guidelines / Smaller CES Securitization From PIMCO / AGNC Keeps Dividend Steady / New Leader at SEC April 10, 2025 Brandon Ivey Bulletins from the GSEs detailed updates to servicing guidelines.Read More
Short Takes: Workforce Reduction at FHFA / Applications Jump, Temporarily / FHA Extends Hurricane Foreclosure Moratorium / Prime Non-Agency MBS From Redwood April 9, 2025 Brandon Ivey “We’re consolidating divisions to focus on building more homes and strengthening safety and soundness,” said FHFA Director Bill Pulte.Read More
Non-Agency MBS Issuance Increases in First Quarter of 2025 April 8, 2025 James Dohnert Expanded-credit mortgages accounted for 58.2% of collateral in non-agency MBS issued during the first quarter.Read More
New Player in Non-QM Market Leans on Alt-Documentation April 7, 2025 James Dohnert ARDRI is the brainchild of Brian O’Shaughnessy, the former co-CEO of Rama Capital.Read More