Non-Agency MBS Servicing Lead Widens for Shellpoint February 16, 2023 Brandon Ivey Shellpoint Mortgage Servicing boosted its role as the leading servicer of loans in non-agency mortgage-backed securities late last year...Read More
Investor Properties Lead Non-Agency Collateral February 16, 2023 Brandon Ivey In recent weeks, investment-property loans accounted for the majority of collateral in non-agency mortgage-backed securities.Read More
Prime Non-Agency MBS Issuance Fizzles at End of 2022 February 15, 2023 Brandon Ivey Only two prime non-agency MBS were issued during the fourth quarter of 2022.Read More
Ares Management to Issue its First Non-QM MBS February 15, 2023 Brandon Ivey Ares is a publicly-traded alternative investment manager with $352.0 billion of assets under management.Read More
Short Takes: Applications Decline / FHA Considering Revisions to Rehab Program / CHLA Critical of ‘Duplicative’ Proposal from CFPB February 15, 2023 Brandon Ivey Rising interest rates take another bite out of loan applications.Read More
Ginnie MBS Declines Slow in January February 14, 2023 Brandon Ivey Ginnie issued around $27.10 billion in MBS with single-family mortgages in January, a 5.7% decline from December and notably smaller than that month's decline of 14.2%.Read More
Non-QM Program, Three Years Dead, Haunts Sterling Bank February 14, 2023 Brandon Ivey Investigations by the Department of Justice and Securities and Exchange Commission linger over Sterling Bank & Trust's non-QM program closed in 2019.Read More
Rocket CEO Farner to Retire; Nonbank Looking for New Leader February 13, 2023 Brandon Ivey Bill Emerson will serve as interim CEO of Rocket companies.Read More
Large Amount of Non-QMs ‘Stuck’ on Warehouse Lines February 13, 2023 Paul Muolo and Brandon Ivey Upwards of $1.0 billion of non-QMs are sitting on warehouse lines that would have typically been sold months ago, according to one estimate.Read More
Short Takes: Rate Locks Increase / Lenders on the Sidelines February 13, 2023 Brandon Ivey After nine months of declines, rate locks increased in January.Read More