Ellington Continues Steady Issuance of Expanded-Credit MBS July 13, 2022 Brandon Ivey The $346 million MBS is the third expanded-credit deal from Ellington this year...Read More
A Sign of Strength in Jumbos? July 12, 2022 Brandon Ivey Purchase mortgages accounted for nearly 60% of jumbos in March...Read More
Non-Agency MBS Issuance Down Sharply in 2Q22 July 11, 2022 Brandon Ivey Spreads on ECM deals priced in May were near levels last seen in the early days of the pandemic...Read More
Western Asset Tests Waters with New Non-QM MBS July 8, 2022 Brandon Ivey The MBS is stocked with loans originated amid the rising rate environment.Read More
Warning Signs: The Collapses of FGMC, Maverick and Sprout July 8, 2022 Paul Muolo A former company executive said that not too long ago, Sprout owner Michael Strauss had designs on taking the lender public.Read More
Short Takes: loanDepot Founder: Remember the Alamo (Sort Of) / How Would Apple Hold Up in a 50% Downturn? / $1.69 a Share / Phoenix’s MSR Notice / FHA Offers Assistance to COVID-Affected Borrowers July 8, 2022 Monica Hogan and Paul Muolo loanDepot's top executive shows some emotion during a volume downturn, touching on honor and dignity...Read More
Non-QM Lender Sprout Closes Its Doors July 7, 2022 Paul Muolo Sprout officials could not be reached for comment...Read More
MFA Offers Non-Agency MBS with Exceptionally Old Loans July 7, 2022 Brandon Ivey Loans in a new RPL MBS from MFA were originated in 2005, on average.Read More
PIMCO and Mortgages: Is it All Over? July 1, 2022 Paul Muolo FGMC's list of creditors reads like a Who’s Who of Wall Street finance: Daiwa Capital, Deutsche Bank, Jefferies Capital and Morgan Stanley, to name a few...Read More
Short Takes: Feeling Safe from FGMC / IPOs? No / loanDepot Insiders Keep Selling / A Large MSR Offering From MIAC / An MBS With Sprout Loans / A Day Off July 1, 2022 Paul Muolo The deluge in MSR auctions continues apace...Read More
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