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Short Takes: Applications Wane / FHFA RFI on Tenant Protections / DSCR Calculations / Forgivable Second Lien

May 31, 2023
Brandon Ivey
Interest rates go up again, mortgage applications go down again.
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Chase Sees Plenty to Like in First Republic’s Business

May 26, 2023
James Dohnert
Chase leadership anticipates building strong relationships with the affluent borrowers that First Republic garnered throughout its 38-year existence.
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Short Takes: GSE Ratings on Downgrade Watch / Interest Rates Rise / Non-QM Performance Choppy

May 26, 2023
Brandon Ivey
The ratings of the GSEs are linked to ratings for the U.S., which are also on watch for downgrade amid an approach to breaching the debt ceiling.
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Higher-Priced Mortgage Volume Ticks Up in 2022

May 25, 2023
James Dohnert
Non-agency higher-priced mortgages are a proxy for subprime loans.
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Short Takes: New Jumbos From United Wholesale / A Sliver of Hope for Home Sales / AAA Rating at Risk

May 25, 2023
Brandon Ivey
United Wholesale Mortgage now offers six fixed-rate options for jumbo mortgages.
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Non-QM Lenders Looking to Hire

May 24, 2023
James Dohnert
While business is slow in most of the mortgage market, some non-QM lenders are anticipating a busy second half of 2023.
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First Republic Topped Jumbo Lenders Before Demise

May 23, 2023
James Dohnert
For years, Wells Fargo and JPMorgan Chase were the largest originators of jumbo mortgages.
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Jumbo Lending Drops in First Quarter

May 19, 2023
John Bancroft
Banks reduced their appetite for jumbos in the first quarter.
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Former First Republic CEO Cites ‘Contagion’ From Other Failed Banks

May 17, 2023
Brandon Ivey
Everything was going relatively well at First Republic, until it wasn't...
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Short Takes: Home Price Projections / Applications Decline / Better Stock for Garg / Non-QM MBS

May 17, 2023
Brandon Ivey and Paul Muolo
Home price declines in California in 2023 might not be as bad as initially expected.
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