Velocity’s Profits Shrink in Second Quarter August 16, 2024 James Dohnert While profits at the business-purpose lender declined in the second quarter, executives at the nonbank are optimistic about growth.Read More
News Briefs August 16, 2024 James Dohnert Angel Oak promotes a slate of employees; JPMorgan Chase working on a security backed solely by adjustable-rate mortgages.Read More
Chase Expects to Issue Prime Jumbo MBS Backed by ARMs August 15, 2024 James Dohnert JPMorgan Chase has begun marketing a rare prime jumbo MBS backed entirely by adjustable-rate mortgages.Read More
Piggybank Financing Still Available, Though Not Prevalent August 15, 2024 James Dohnert While still offered, piggyback loans are relatively rare in today’s high-interest-rate environment.Read More
Chase Markets Prime Jumbo MBS Backed By ARMs August 12, 2024 James Dohnert Loans in the new prime jumbo MBS had an average seasoning of 13 months.Read More
Vendors Offer New Income Verification Tools August 9, 2024 James Dohnert CoreLogic and Equifax launched new income verification tools ahead of an anticipated increase in purchase originations.Read More
Radian Plans to Regularly Issue Non-Agency MBS August 8, 2024 James Dohnert The non-agency conduit of private mortgage insurer Radian Group expects to issue more MBS following success with its first deal.Read More
Bipartisan Opposition to FSOC’s Servicer Fund Proposal August 8, 2024 James Dohnert A bipartisan group of mortgage industry players opposes FSOC’s proposal to create a fund to help sustain mortgage servicers in times of stress.Read More
Kiavi Ramps Up RTL Lending, Securitization August 8, 2024 James Dohnert The lender has issued more than $4.7 billion in unrated securitizations since it started its securitization program in 2019, about $1.0 billion of which was issued in just the first six months of this year.Read More
Nonbank Lenders Push Up Prime Non-Agency MBS Issuance August 6, 2024 James Dohnert Nonbanks increased their contributions to prime non-agency MBS issued in the second quarter as Chase pulled back somewhat.Read More