Three Fast-Food Restaurants Bring Whole-Business ABS June 24, 2021 Brandon Ivey A whole-business ABS from Wendy’s was upsized this week. Carl’s Jr./Hardee’s and Five Guys are also in the market with deals.Read More
Strong Demand Helping CLO Market Bounce Back June 24, 2021 Brandon Ivey CLO issuance has gained speed with the macro environment looking good and interest rates rising. Note: While S&P was quick to downgrade deals during the pandemic, upgrades have been slower.Read More
Blend Inching Closer to IPO, But Yet to Turn a Profit June 24, 2021 Brandon Ivey The mortgage technology vendor hasn’t been profitable since its inception in 2012 and is forecasting losses going forward.Read More
Concerns Raised as SEC Seeks More Climate Disclosures June 24, 2021 Brandon Ivey The industry mostly supports the SEC plan to update climate-related disclosures, but there are concerns about how the changes will play out.Read More
Guaranteed Rate Making a Splash in Non-Agency MBS Market June 24, 2021 Brandon Ivey The privately held Guaranteed Rate is one of the top contributors to prime non-agency MBS. However, the firm hasn’t issued its own deal until now...Read More
A ‘Disruptor’ Slated for Public Life Reveals Ongoing Losses June 23, 2021 Brandon Ivey Blend's general and administrative costs increased by 13% last year...Read More
Slipping Away: Jumbo Servicing Balances? June 23, 2021 Brandon Ivey Flagstar Bank stood out with a 25.2% jump in jumbo servicing.Read More
JPM, Others Boost Investment in Non-Agency Aggregator Maxex June 22, 2021 Brandon Ivey Maxex chief Tom Pearce said the latest investments by AGNC and Moore are part of a new equity incentive model.Read More
Toorak, Bayview Asset Management Bring Separate Non-Agency MBS June 21, 2021 Brandon Ivey Toorak's MBS is stocked with bridge loans, BAM''s by GSE-eligible mortgages on investment properties...Read More
GSE-Eligible Loans See Fast Turn Times in Non-Agency MBS June 21, 2021 Brandon Ivey After dabbling as a non-agency MBS issuer in 2018 with two deals, loanDepot is now sharply increasing its presence in the sector... Read More