Short Takes: CFPB on Old Second Liens / Plenty of Servicing Available / Garris Horn Adds Partner / Overvalued Homes April 27, 2023 Brandon Ivey The CFPB is aiming to prevent foreclosures tied to older second liens.Read More
Federal Regulators Issue Warning on Use of Automated Systems April 26, 2023 Brandon Ivey CFPB Director Rohit Chopra cited the mortgage industry as an area of concern.Read More
Short Takes: First Republic Reaction / Potential Sale or FDIC Intervention? / Applications Buck Interest Rates April 26, 2023 Brandon Ivey First Republic Bank's stock price dropped by 50% the day after the bank released earnings for the first quarter.Read More
Big Banks Not Too Concerned About Depressed MBS Values April 25, 2023 Brandon Ivey Distressed sales of MBS helped to bring down Silicon Valley Bank.Read More
Short Takes: Deposits Flee First Republic / Expanded-Credit MBS from Barclays / New Fannie CRT / Home Improvement Securitization April 25, 2023 Brandon Ivey First Republic is altering its originate-to-hold strategy as deposits shrink.Read More
Morgan Stanley Tries Again with Jumbo MBS April 21, 2023 Brandon Ivey Morgan Stanley initially started marketing the jumbo MBS just before the failure of two regional banks in March.Read More
Margins Shrink Further at PrimeLending in First Quarter April 21, 2023 Brandon Ivey The lender expects that margins will improve somewhat later this year.Read More
Short Takes: Recession Coming / Fannie Adjusts Home Price Expectations / Interest Rates Too High April 21, 2023 Brandon Ivey A modest recession is likely in the second half of 2023, according to economists at Fannie Mae.Read More
Big Banks Largely Comfortable With Their MBS Holdings April 20, 2023 Brandon Ivey Sure, big banks have sizeable unrealized losses from MBS classified as held-to-maturity. But as long as the banks don’t sell the MBS, the losses remain unrealized.Read More
Student Loan ABS With Refis Expected to Pick Up April 20, 2023 Brandon Ivey Private student loan refis and ABS issuance linked to the loans look poised to increase after plummeting in 2022.Read More