Chimera Packaging Mortgages Aggregated by BofA into a Prime Jumbo MBS April 25, 2018 Brandon Ivey Most of the loans are non-agency jumbos, but a handful are eligible for sale to Fannie Mae and Freddie Mac.Read More
VA-Based Nonbank Lender Reveals Data Breach April 25, 2018 Brandon Ivey WEI is based in McLean, VA and owned by Arc Home, which in turn is controlled by funds under the management of Angelo, Gordon.Read More
Western Asset Management Preparing to Issue Non-QM MBS April 24, 2018 Brandon Ivey Clayton Services reviewed 2,164 mortgages for the planned Arroyo Mortgage Trust MBS…Read More
A Trio of Prime Non-Agency MBS Deals Ready to Hit the Market April 24, 2018 Brandon Ivey Loans in Chimera’s forthcoming deal were underwritten to guidelines established separately by Bank of America, Caliber Home Loans and Quicken…Read More
Short Takes: In Service of Fannie, Freddie and the Common Good / Fannie Ponies up to the REITs / Amazon a Bank? Good Luck with That / NYDFS Investigates RTO / FofA Hires loanDepot Manager April 24, 2018 Brandon Ivey and Paul Muolo A new policy change implemented by Fannie Mae will allow REITS, come May 1, to start investing in the GSE’s Connecticut Avenue Securities risk-transfer deals. Read More
Jumbo MBS Underwriting Holds Steady, Banks Remain Top Contributors April 23, 2018 Brandon Ivey Some $4.23 billion of prime jumbo MBS was issued in the first quarter of 2018, the best showing since 1Q15…Read More
Verus Aims to be a Significant Player in Nonprime (Non-QM) April 20, 2018 Brandon Ivey Verus counts among its competitors Angel Oak, Caliber Home Loans, Citadel Servicing, Deephaven Mortgage and SG Capital Partners.Read More
Mortgage Industry Sees Promise in Blockchain Technology. Ranieri Enters the Space… April 18, 2018 Brandon Ivey MISMO noted that blockchain is based on digitized, distributed ledgers…Read More
Prime Non-Agency MBS Issuers Getting More Creative… April 17, 2018 Brandon Ivey Due diligence reviews can be costly, especially when the mortgages being produced are pristine.Read More
Invictus to Issue a Non-Agency MBS Backed by Single-Family Rental Property Loans April 17, 2018 Brandon Ivey The new non-agency MBS from Invictus is a bit of a rarity: the bond is backed only by mortgages on single-family rental properties.Read More