Rocket Reports Losses for 4Q, 2023 February 23, 2024 James Dohnert Rocket Companies reported a net income loss of $232.6 million in the fourth quarter of 2023.Read More
Short Takes: Rithm Markets Non-QM MBS / Fannie Mae Hires COO / CrossCountry Launches CashPlus / Interest Rates Projected to Fall Below 6% This Year February 23, 2024 James Dohnert Fannie's new operations head comes from Morgan Stanley...Read More
Wells Fargo to Issue $500 Million Credit Card ABS February 22, 2024 James Dohnert The AAA-rated credit card ABS was issued by WF Card Issuance Trust, a de-linked credit card receivables-backed trust sponsored by Wells Fargo.Read More
Toorak Markets First Rated RTL Securitization February 22, 2024 James Dohnert Morningstar DBRS assigned a preliminary A rating to the deal that includes 370 short-term loans with a principal balance of $158.4 million.Read More
ITIN Borrowers Are a Major Untapped Mortgage Market February 22, 2024 James Dohnert As many as 88,000 individual tax identification number mortgages could be originated in a year if certain market barriers were removed, according to Urban Institute researchers.Read More
Fix-and-Flip Industry Expects an Increase in Originations in 2024 February 22, 2024 James Dohnert Fix-and-Flip lender Kiavi says it has already seen a boost in its pipeline in the first six weeks of the year.Read More
Short Takes: Morgan Stanley Preps Non-QM MBS / New Reverse Chief for Fairway / NYCB Rebrands / New Mortgage Servicing Software February 22, 2024 James Dohnert NYCB takes on the Flagstar name across both brands.Read More
Jumbo Market Share Shrinks in 4Q February 21, 2024 James Dohnert The jumbo market’s share of first-lien production narrowed in the fourth quarter of last year.Read More
Redwood Posts Profit to Close Out 2023 February 21, 2024 James Dohnert Redwood Trust reported a $21 million profit in the fourth quarter that was attributed to the company’s push to boost its liquidity for 2024.Read More
Short Takes: dv01, Fitch Team for New Non-Agency RMBS Benchmarks / Premier Lending Adopts FICO Score 10 T / LoanCare Launches App / Habitat for Humanity’s CDFI Gets a Name Change February 21, 2024 James Dohnert The new partnership's benchmarks focus on the non-QM and prime-jumbo markets.Read More