Bank Appetite Boosted Jumbo Production in 2Q22 August 22, 2022 Brandon Ivey The top three jumbo lenders in 2Q22: Wells Fargo, JPMorgan Chase and Bank of America...Read More
Sources: Sprout Owner Strauss Puts NYC Penthouse Up For Sale August 18, 2022 Sam Manas Zillow, earlier this week, was listing the apartment at $26.5 million...Read More
Change Opts for Income Documentation with Latest MBS August 18, 2022 Brandon Ivey Change, because it's a CDFI, is exempt from the Consumer Financial Protection Bureau’s ability-to-repay requirements.Read More
Angelo Gordon Unit Stocks GSE-Eligible Loans Into Non-Agency MBS August 17, 2022 Brandon Ivey It's the first non-agency MBS with GSE-eligible mortgages for investment properties since May.Read More
A Few Months After Launch, Non-QM Correspondent Effort Shuttered August 12, 2022 Paul Muolo Another non-QM lender has fallen...Read More
Impac’s Originations and Profit Margins Plummet in 2Q22 August 12, 2022 Brandon Ivey The lender's gain-on-sale margin plunged to just 14 basis points in the April-June period from 124 bps in 1Q22.Read More
Another Tough Quarter for Non-QM REIT Angel Oak. However... August 10, 2022 Brandon Ivey Despite the difficulties, AOM is increasing its warehouse financing capacity and working to acquire non-QMs with higher interest rates.Read More
Nonbanks Turn to Home-Equity Products, Other Alternatives August 10, 2022 Brandon Ivey Raymond James' MGD John Toohig said he received more calls about home-equity lines of credit in July than he had in his entire career.Read More
Volatility in Expanded-Credit Market Shakes Up MBS Contributors August 8, 2022 Brandon Ivey Among the top five contributors to expanded-credit MBS in 2021, only two cracked the top five in 2Q22...Read More
Western Asset’s Non-QM-Focused REIT Considering Sale August 5, 2022 Brandon Ivey At June 30, the REIT held non-qualified mortgages of roughly $1.24 billion...Read More
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