Short Takes: Cause for Celebration? (FOMC) / Remaining Cautious / A Good Showing by MGIC / Non-QM Credit Deterioration February 2, 2023 Paul Muolo and Brandon Ivey The credit quality of securitized non-qualified mortgages continued to decline in December, according to dv01.Read More
Warehouse Providers on How Nonbanks Can Weather Losses February 2, 2023 Brandon Ivey Communication is key when mortgage companies face financial difficulties and potential breaches of warehouse financing covenants. Warehouse providers are looking for profitability plans for nonbanks.Read More
Better Times for Lenders? Hopefully, Later in the Year February 1, 2023 Brandon Ivey Mortgage executive Chrissi Rhea: "I’m looking forward to 2023 because it can’t be as bad as 2022."Read More
Fix-and-Flip Players Turn to Fix-and-Rent February 1, 2023 Brandon Ivey Entry-level buyers are the largest share of purchasers for flipped homes...Read More
CDFI Proposal Could Impact Non-Agency Players January 31, 2023 Brandon Ivey CDFIs, for now, are exempt from the CFPB's ability-to-repay requirements.Read More
AGNC Turns a Profit in Final Quarter of Tough Year January 31, 2023 Brandon Ivey The profit generated in the fourth quarter wasn't nearly enough to offset losses from earlier in the year...Read More
A Good Year for Ginnie, With Net Profits Just Shy of $1.5 Billion January 31, 2023 Brandon Ivey Mortgage firms issued $649.5 billion of Ginnie MBS in fiscal 2022, down 30.5% on an annual basis.Read More
Short Takes: Staying In TPO / An Old M&A Deal That Fell Apart / Rocket and HELOCs / The HPI Goes Negative / Impac Must Pay Up January 31, 2023 Paul Muolo and Brandon Ivey Trouble ahead? The Federal Housing Finance Agency’s home price index went negative (though barely) in November...Read More
Investment Properties Dominate 4Q EC MBS Issuance January 30, 2023 Brandon Ivey Bottom line: Investment-property loans were a bright spot, accounting for nearly 60% of expanded-credit MBS...Read More
IMBs See Choppy Waters Ahead for MSR Sales. At Issue: Too Much Supply January 27, 2023 Brandon Ivey AmeriHome's John Hedlund said MSR supply could surpass demand...Read More