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
Short Takes: Rithm Goes Big With Non-QM MBS / Chase Stocks MBS With HELOCs From Nonbanks / HUD Funding Homeownership Research September 28, 2023 Brandon Ivey Rithm Capital is preparing to issue a $669.9 million expanded-credit MBS.Read More
FDIC Self-Reflects on First Republic Failure September 27, 2023 James Dohnert FDIC examiners determined that the bank could have done more to encourage new borrowers to sign up for adjustable-rate mortgages.Read More
Retail Channel Driving Jumbo Originations September 26, 2023 Brandon Ivey Retail lending accounted for 85.9% of jumbo originations in the first half of 2023, among a group of prominent lenders surveyed by Inside Nonconforming Markets.Read More
Lenders Look to Alt-Doc Mortgages September 25, 2023 James Dohnert Alt-doc products include asset depletion, asset utilization, trust income, bank statements and letters from certified public accountants.Read More
Short Takes: Applications Increase / BBB Rating for HEA Securitization / Chase Securitizing Old RPLs / Altisource Branches Out Into HECM REOs September 20, 2023 Brandon Ivey Applications increased even as interest rates ticked up.Read More
Chase Offers Multiple Jumbo MBS September 19, 2023 Brandon Ivey Only four other issuers have offered jumbo MBS during the third quarter, and none since mid-August.Read More
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