More GSE-Eligible Loans in New MBS from JPMorgan Chase August 27, 2018 Brandon Ivey The top contributors to the MBS: Chase, AmeriHome and loanDepot…Read More
Expanded-Credit Lending Gains, but Not as Much as Overall Market August 27, 2018 Brandon Ivey The top-five EC lenders are: Redwood, U.S. Bank, Angel Oak, Citi and Citadel Servicing…Read More
Rating Services Increasingly Differ on Assessments of Residential MBS August 24, 2018 Brandon Ivey Among the tranches of residential MBS issued this year that received ratings from multiple firms, nearly 40.0 percent of the bonds had so-called split ratings, with different assessments by different rating services.Read More
Guild Mortgage Offering $3,500 in Gift Cards and Grants to First-Time Homebuyers August 24, 2018 Brandon Ivey Guild noted that unlike other low-down payment programs, the 3.0 percent downpayment can be funded by a gift.Read More
Wells Fargo Laying Off 683 Mortgage Employees August 24, 2018 Brandon Ivey “After carefully evaluating market conditions and consumer needs, we are reducing to better align with current volumes,” Wells said.Read More
Great Ajax Looks to Increase Servicing for Others with Expansion of Gregory Funding Unit August 22, 2018 Brandon Ivey Gregory Funding is in the first year of a three-year expansion plan…Read More
Short Takes: Celebrity in the Hunt / Ocwen Gets the ‘All Clear’ Signal from Ginnie / Oh Carol / The National Servicing Settlement – It’s a Wrap / Two Joes In Charge at Waterstone August 22, 2018 Brandon Ivey and Paul Muolo Celebrity Financial has several M&A irons in the fire...Read More
Moody’s Gives loanDepot an ‘Average’ Assessment August 15, 2018 Brandon Ivey This spring, loanDepot was rumored to be a takeover target of Internet retailer Amazon.com…Read More
New Players Enter Non-QM Market by Aggregating Loans and Issuing MBS August 13, 2018 Brandon Ivey The new MBS from Neuberger Berman is backed by loans originated by Impac Mortgage Holdings…Read More
Starwood Preps its First Non-QM MBS Deal. Impac a Major Provider of Collateral August 6, 2018 Brandon Ivey Starwood is now directly sourcing loans from Impac and hasn’t tapped any other originators.Read More