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
Short Takes: FHFA Plans for Underserved Markets / Affordability Outlook / Impairments on Non-QMs Rise Again / Low-Coupon MSRs on Offer November 26, 2024 Brandon Ivey The new plans from FHFA focus on efforts for rural markets, manufactured housing and first-time homebuyers.Read More
Nation's 10th-Largest Lender Fuels Hildene MBS November 25, 2024 James Dohnert The MBS was issued under CrossCountry’s and Hildene’s joint CROSS shelf.Read More
Short Takes: Powell Sees No Need to ‘Hurry’ Rate Cuts / More Lock-In / Strong Demand for MSR Securitization From Rithm / Non-Agency MBS Flowing Again November 15, 2024 Brandon Ivey “The economy is not sending any signals that we need to be in a hurry to lower rates,” said Federal Reserve Chair Jerome Powell.Read More
Splitero’s HEI Business Poised for Growth Following Investment November 14, 2024 James Dohnert Splitero received a $300 million investment from funds managed by Antarctica Capital, a private-equity firm.Read More
CrossCountry Teams With Chase for Prime Non-Agency MBS November 13, 2024 Brandon Ivey CrossCountry has a separate MBS issuance partnership with Hildene Capital Management, though that’s focused on expanded-credit mortgages.Read More
Angelo Gordon’s REIT Diving Into Home Equity Loans November 13, 2024 James Dohnert AGMIT acquired $136.9 million of home equity loans in the third quarter and has committed to purchasing another $200 million in loans over the next several months.Read More