loanDepot Launches Digital Mortgage Process, Says It Can Close a Loan in 8 Days February 20, 2019 Brandon Ivey To date, loanDepot has spent $80 million on the effort...Read More
Jumbo Lending Falls in 4Q18 On Weaker Demand February 19, 2019 Brandon Ivey In the jumbo qualified mortgage space, 21 of 60 banks reported weaker demand…Read More
JPM Set to Issue Another Jumbo MBS Backed by Loans with High LTVs February 19, 2019 Brandon Ivey United Shore Financial Services originated 60.6% of the collateral…Read More
Short Takes: The Largest Post-Crisis Nonprime MBS? / FICOs as Low as 500 / Reasons for Getting Out (Blame the Tech Giants?) / Sell One, Buy Two / Movement EVP Taveekanjana Departs for Envoy February 19, 2019 Brandon Ivey and Paul Muolo Jumping from Movement Mortgage to Envoy Mortgage: Tony Taveekanjana...Read More
HomeStreet Bank Looks to Sell Mortgage Origination Business, MSRs February 15, 2019 Brandon Ivey The Seattle-based depository hired Keefe, Bruyette & Woods and MountainView as sale advisors…Read More
Redwood Cites Strong Competition in the Non-Agency Market February 15, 2019 Brandon Ivey Redwood President Dashiell Robinson said demand for whole loans remains strong...Read More
ABS Backed by Oil and Gas Royalties Likely This Year February 15, 2019 Brandon Ivey Securitizations backed by oil and gas royalties likely will be issued this year, according to Fitch Ratings. The agency updated its future flow securitization rating criteria last week in anticipation of such ABS issuance. Read More
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