News Briefs March 10, 2023 Brandon Ivey Non-agency MBS issuance update; PennyMac launches jumbo product; Fitch affirms A&D’s servicer rating, Redwood increases staff.Read More
BPL Remains Profitable for Velocity, Company Hints at Acquisitions March 10, 2023 Brandon Ivey The nonbank originates non-agency business-purpose loans and is considering M&A opportunities beyond the sector.Read More
Big Banks Stymied on CRT Issuance; GSEs Slowing March 9, 2023 Brandon Ivey Questions raised by the Fed prompted big banks to pause CRT issuance. Also, CRT issuance by the GSEs is expected to slow in 2023.Read More
Chimera Charts New Path Following Separation with CEO March 9, 2023 Brandon Ivey After undertaking drastic leadership changes in December, Chimera is now looking to expand its investments beyond reperforming loans.Read More
Grapevine: FDIC Monitoring CMBS; MISMO Updates ASF Dataset March 9, 2023 Brandon Ivey FDIC monitoring commercial MBS performance; MISMO to update ASF data standards; ACC subprime auto ABS servicing update.Read More
Rocket Building Out Purchase Train; UWM Increasing Margins March 9, 2023 Brandon Ivey To gain ground in a tough origination market, Rocket has set its sights on purchase-mortgage borrowers while United Wholesale is focusing on margins.Read More
Angel Oak’s REIT Looking to Recover from Non-QM Volatility March 9, 2023 Brandon Ivey The REIT stopped acquiring non-QMs during the fourth quarter but is now preparing to resume acquisitions.Read More
Short Takes: A GOS Improvement for Home Point / MSR Sale? / An Update From Impac / A Turn to Lead Gen March 9, 2023 Paul Muolo and Brandon Ivey Impac Mortgage is giving up its Fannie Mae/Freddie Mac seller-servicer designations...Read More
Angel Oak Preps MBS Backed by 5.2% (Older) Non-QMs March 7, 2023 Brandon Ivey The loans backing the deal have seasoned for an average of 15.5 months...Read More
Short Takes: The Cloud Over Silvergate / Wind Down? / Occupancy Fraud and Jumbos / The Lows, Maybe / Impac? March 6, 2023 Paul Muolo and Brandon Ivey Have nonbank mortgage stocks hit a low yet? Maybe some...Read More