Credit Suisse, New Residential Prep Non-Agency MBS Backed by Seasoned Mortgages October 3, 2018 Brandon Ivey In the New Rez deal, the mortgage have seasoned for more than 13 years, on average…Read More
Redwood Readies Eighth Prime Non-Agency MBS Deal of the Year, UWM Top Contributor Yet Again September 28, 2018 Brandon Ivey The nonbank wholesaler, a unit of United Shore Financial Services, has been the top contributor to six of Redwood’s prime non-agency MBS of 2018.Read More
A Sign of Demand: Record Attendance at ABS East Conference as Investors Thirst for Yield September 28, 2018 Brandon Ivey A number of investors noted that it’s difficult to find structured-finance products with attractive yields. Read More
Non-QM Lenders See a 10 Percent Market Share as a Reasonable Goal September 27, 2018 Brandon Ivey Expanded-credit mortgages accounted for less than 3 percent of total first-lien originations in the first half of this year. Read More
Banks, Thrifts and First Liens, the Love Affair Continues September 26, 2018 Brandon Ivey Three megabanks account for an outsized share of first liens held by banks: Wells Fargo, JPMorgan Chase and Bank of America.Read More
Issuance of Non-Agency MBS Constrained by a Lack of Reforms to Reps and Warranties September 26, 2018 Brandon Ivey Blackrock and PIMCO were among the firms cited as avoiding new non-agency MBS deals…Read More
Sprout Executive David Akre: Make Non-QMs or Cut Overhead. Your Choice September 25, 2018 Brandon Ivey Matt Nichols, CEO of Deephaven Mortgage, said the share of LOs that actually offer non-QMs is in the single digits.Read More
Short Takes: Full Bore into Non-QM? / FHA Could Hike Premiums / Record Attendance at ABS East / Departures from Sprout / A New Denver Branch for Churchill Mortgage September 25, 2018 Brandon Ivey and Paul Muolo Will FHA hike its premiums? Maybe, maybe not...Read More
IO Originations Spiked by 25 Percent in 2Q18 September 24, 2018 Brandon Ivey Angel Oak Lending, Citadel Servicing and Navy Federal Credit Union all had IO gains of more than 60 percent during the quarter.Read More
Deephaven Set to Issue its Largest Nonprime MBS to Date September 21, 2018 Brandon Ivey Mortgages from 74 lenders will be included in the deal…Read More