Time to Ease Disclosure Norms for Non-Agency MBS? June 4, 2020 Brandon Ivey To boost public issuance of non-agency MBS, the SEC is considering changing disclosure norms for the transactions... Read More
MSRs in Focus as Servicers Stabilize Operations June 4, 2020 Brandon Ivey The mortgage servicing business is regaining stability but MSR sales are still elusive and valuations are well below pre-COVID-19 levels.Read More
Verus to Issue Non-Agency MBS Backed by Investment Properties June 4, 2020 Brandon Ivey The top contributors to the deal include Athas Capital Group with a 33.2% share and Sprout Mortgage at 30.8%... Read More
Non-QM Lenders Waiting for Investors to Return June 4, 2020 Brandon Ivey Production of non-QMs is nowhere near the levels seen earlier this year. The situation won’t change until demand rises in the secondary market.Read More
A Rare Decline for Jumbo Servicing Contracts June 3, 2020 Brandon Ivey Once again, the top three jumbo servicers were all megabanks, led by Well Fargo with $310.1 billion of contracts...Read More
Expanded-Credit Lending Gets Caught in the Coronavirus Downdraft June 2, 2020 Brandon Ivey “It was a tough three or four weeks in this business,” said Steve Abreu, president of NewFi Lending... Read More
Sterling Prepares to Repurchase Non-QMs from Secondary Market Investors June 2, 2020 Brandon Ivey Sterling Bank and Trust increased reserves in case the bank has to buy back non-QMs with faulty underwriting.Read More
On the Mend: Non-QM MBS Issuance June 1, 2020 Brandon Ivey Investor appetite for the MBS has been relatively strong. The Angel Oak paper was oversubscribed.Read More
Non-QM Lenders Return, but Carefully. NewFi Lowers Its LTV Max to 60% May 29, 2020 Brandon Ivey After the pandemic changed its worldview, NewFi lowered its LTV on non-QM offerings to 60%... Read More
Expanded-Credit Production Drops in First Quarter May 29, 2020 Brandon Ivey Originations fell by 20% as the market was disrupted in March by the coronavirus. Most of the major lenders suspended production during the month, ending the quarter with declines. (Includes data chart.)Read More