Temple View Plots Growth With Residential Transition Loans October 10, 2023 James Dohnert “The only kind of new supply coming out of the market in any scale is ground-up construction or refreshed housing products,” said Steven Trowern, the founder and principal of Temple View Capital.Read More
Short Takes: Regulators Looking for Specifics on Basel / Lenders Slightly Loosen Underwriting Standards / Non-QM Moves October 10, 2023 Brandon Ivey and James Dohnert In a speech Monday, Michael Barr largely defended the Basel proposal while also encouraging feedback to help with potential revisions.Read More
Non-Agency MBS Issuance Jumps 21% in 3Q23 October 9, 2023 James Dohnert The top three issuers of non-agency MBS in 3Q23: JPMorgan Chase, Onslow Bay Financial and Invictus Capital...Read More
Movement Mortgage Jumps Ahead With Newer FICO Model October 5, 2023 Brandon Ivey While FICO 10 T won't be used for GSE mortgages for some time, Movement will use the scoring model for non-agency mortgages.Read More
Short Takes: Rate Locks Decline / MBA’s PAC Grows / Das Lands at Pagaya / Another Large MBS From Invictus October 5, 2023 Brandon Ivey Rate locks were down across mortgage products in September, including a large drop in cash-out refis.Read More
Home Equity Lending Up 13% in 2Q23 October 2, 2023 Brandon Ivey The top three home equity lenders in 2Q23: Bank of America, Citizens Bank and PNC...Read More
Fitch Leads Non-Agency MBS Ratings in Second Quarter September 29, 2023 John Bancroft Fitch and DBRS weathered the sharp drop in rated non-agency MBS issuance better than their competitors.Read More
Former Civic Leader Launches New Business-Purpose Lender September 29, 2023 James Dohnert The team that transitioned from Civic Financial Services to CV3 accounted for 90% of Civic’s estimated $3 billion loan production in 2022.Read More
Short Takes: Interest Rates Up / Still Expected to Come Down / Annaly Offers Non-QM MBS September 29, 2023 Brandon Ivey Interest rates on mortgages hit a level last seen in 2000.Read More
Chase Tops Wells in First-Lien Holdings September 28, 2023 James Dohnert Overall, banks and thrifts held $2.491 trillion of first-lien mortgages at the end of June, up 0.7% from March.Read More