Delinquencies on Non-QMs Rising at ‘Worrying’ Rate January 4, 2024 Brandon Ivey The increase in impairments in November was the largest increase seen in the sector outside of COVID.Read More
Lone Star Funds Offers its First Investment-Property-Focused MBS January 4, 2024 Brandon Ivey Mortgages from a variety of lenders are included in the MBS, led by HomeXpress Mortgage with a 42.0% share.Read More
Redwood Ramps Up Jumbo MBS Issuance January 3, 2024 Brandon Ivey The planned $440.9 million issuance is the largest jumbo MBS from Redwood in more than a year.Read More
Short Takes: MSR Buyers Still Hungry / Applications Slow / Some Home Price Depreciation Expected / Expanded-Credit MBS From Annaly January 3, 2024 Brandon Ivey The industry expects robust bulk MSR trading during the first quarter.Read More
William Erbey New CEO of Altisource Asset Management January 2, 2024 James Dohnert Erbey's CEO role will include a base salary of $50,000 per year and no other forms of compensation.Read More
Homebridge, REMN Working Toward Securitizing HELOCs December 22, 2023 Paul Muolo “The market has had more liquidity of late than it’s had in some time,” said Homebridge CEO Peter Norden.Read More
HELOCs From UWM, loanDepot Fuel Chase’s MBS December 21, 2023 Brandon Ivey It's the third securitization from JPMorgan Chase this year with HELOCs from nonbanks.Read More
Mixed Trends in Jumbo Lending as Retail Production Declines December 20, 2023 James Dohnert The retail channel lost share to the correspondent and broker channels in the jumbo market in the third quarter.Read More
Consumer Groups Happy With New CDFI Certification Process December 19, 2023 James Dohnert Harold Pettigrew, president and CEO of Opportunity Finance Network, told Inside Nonconforming Markets that changes to the application process will help ensure CDFIs continue to stay mission driven as more entities begin applying for certification.Read More
Short Takes: Slow Recovery Expected / Mild Recession? / Home Price Appreciation Slows / New Expanded-Credit MBS December 19, 2023 Brandon Ivey Fannie Mae expects a slow pace of recovery from previously recessionary levels of housing activity.Read More