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
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