Industry Split on Proposed Higher Appraisal Threshold February 15, 2019 Brandon Ivey The industry is split over a federal regulatory proposal to waive full appraisals for a larger share of non-agency residential mortgages.Read More
Annaly Posts a Whopping $2.25 Billion Loss for 4Q18, Eyes the Non-Agency Market February 14, 2019 Brandon Ivey Annaly CEO Kevin Keyes said the REIT is working to diversify its investment strategy, including a focus on acquiring new non-agency mortgages…Read More
Seer Capital Management Stocks Its First Non-QM MBS with Loans from HomeXpress, Athas February 13, 2019 Brandon Ivey This marks Seer’s maiden voyage into the non-QM MBS market…Read More
Short Takes: A Nice Month for Pershing Square / No Mention of the GSEs / A Mortgage-Related M&A Deal Drags On / Delayed by the Chinese New Year / A New MBS From Deephaven / Pavaso Hires Mortgage Tech Vet Tim Anderson February 13, 2019 Paul Muolo and Brandon Ivey After two-plus years of waiting, the Genworth deal has yet to close... Read More
Galton Increases IO Mortgage Share in Latest Expanded-Credit MBS February 12, 2019 Brandon Ivey Loans from 51 lenders are represented in the new transaction, led by JMAC Lending…Read More
Quick Turn Time for Prolific Lone Star on New MBS February 6, 2019 Brandon Ivey Mortgages in the MBS have an average credit score of 720…Read More
Short Takes: About That Net Worth Profit Sweep… / A Permanent Ginnie President? / LOs Tell the Fed: Loan Demand is Weaker / A Lack of Experienced Underwriters for Non-QMs / A New Loan Officer at Castle & Cooke February 6, 2019 Paul Muolo and Brandon Ivey Unless a change is made to the terms of their “bailout,” Fannie and Freddie will upstream most of what they earn to Treasury by the end of March...Read More
As More Lenders Enter Non-QM Space, Underwriting Tightens (So Far) February 4, 2019 Brandon Ivey For expanded-credit MBS issuance in all of 2017 and 2018, the average credit score was 714.9.Read More
‘Crazy Pricing’ Blamed for Lower Origination Volume February 1, 2019 Brandon Ivey Flagstar CEO Sandro DiNello said some lenders are pricing mortgages “irrationally…”Read More
‘Crazy Pricing’ Blamed for Lower Origination Volume February 1, 2019 Brandon Ivey Two large lenders saw a decline in origination volumes in the fourth quarter because they weren’t willing to compete on price, officials at the firms said.Read More