The investment-property lender boosted income in 4Q20 with a whole-loan sale. The firm is also planning to issue an MBS backed by recently funded loans in 2Q21.
ARM production increased on an annual basis in 2020 but its share of first-lien originations fell to a level not seen since 2009. (Includes data chart.)
Have you noticed of late that regulators haven’t voiced their concerns about the financial health of nonbanks? Perhaps they’ve seen the stellar 2020 results...
JPMorgan Chase Bank’s third risk-sharing deal involving auto ABS is based on a reference pool of loans with an unpaid principal balance of $3.98 billion. The loans will remain on the bank’s books.