Short Takes: Liquidity Adds Up / Nonbanks and FHLBs / MSR Support / The Fate of CFPB Funding / New Hires for GR March 24, 2023 Paul Muolo and Brandon Ivey On a more positive note, Guaranteed Rate announced a handful of new hires this week...Read More
Banks Face Regulatory Pressure on MBS Holdings March 23, 2023 Brandon Ivey In the wake of the recent bank failures, bank regulators could likely adjust standards regarding securities held by banks.Read More
MBS and ABS Investors Protected From Bank Failures March 23, 2023 Brandon Ivey The failures of various banks shouldn’t have a significant impact on investors of MBS and ABS, according to rating services.Read More
Grapevine: No Change at Fed on MBS Holdings; UBS Buys Credit Suisse March 23, 2023 Brandon Ivey The Fed won’t alter its plans for runoff in its MBS holdings amid recent bank failures; fate of Select Portfolio Servicing remains unclear.Read More
Mixed Read on Regional Banks Following Failures March 23, 2023 Brandon Ivey First Republic Bank’s share price declined even after 11 big banks deposited $30 billion into the institution in a show of support. Western Alliance Bank has fared better, without coordinated support from other banks.Read More
Non-QM Fraud Nearly Topples Sterling Bank March 23, 2023 Brandon Ivey The guilty plea by Sterling Bank includes $27.2 million in restitution. The DOJ said any higher amount would have put the bank out of business.Read More
Altisource Launches Non-Agency Lending Efforts March 23, 2023 Brandon Ivey The underwriting of AAM's mortgages is outsourced to India...Read More
Investor Appetite Growing for Excess MSR Spread March 22, 2023 Brandon Ivey According to an analysis by Inside MBS & ABS, Fannie issued $608.65 billion of XSIO MBS last year...Read More
A Decline in Mortgage Repurchase Activity by Banks March 21, 2023 Brandon Ivey Then again, mortgage repurchase activity typically tends to fluctuate...Read More
Short Takes: First Republic’s Comeback / Can It Last? / RAMS Selling Non-QMs / GR’s New Product / Creek Joins Deephaven March 21, 2023 Paul Muolo and Brandon Ivey RAMS is offering non-QMs in whole-loan form...Read More