Non-Agency Jumbo Sector Loses Market Share in 3Q18 November 19, 2018 Brandon Ivey The decline in market share for jumbos has occurred as interest rates have risen.Read More
JPM Packages Jumbos with Relatively High LTV Ratios in Unique MBS November 15, 2018 Brandon Ivey Moody’s Investors Service said 47.0 percent of the dollar volume of the loans in the MBS were underwritten by United Shore…Read More
Short Takes: Who is Andrew Olmem and Why Does He Matter? (GSE Reform) / A Production Gain for Ditech / Citywide Home Loans Signs Partnership Deal with Stearns / Caliber Readies Nonprime MBS November 15, 2018 Paul Muolo and Brandon Ivey If you haven’t heard of Andrew Olmem before, it’s because he tends to keep a low profile.Read More
Goldman Preps Large Non-Agency MBS Backed by Seasoned Mortgages Acquired from a ‘GSE’ November 14, 2018 Brandon Ivey Loans in GSMBS Trust 2018-RPL1 were acquired from a government-sponsored enterprise, though Fitch didn’t identify which GSE.Read More
PrimeLending Recruits LOs, Cuts Poor Performers November 13, 2018 Brandon Ivey As of early November, PrimeLending had 1,336 LOs registered on the Nationwide Multistate Licensing System.Read More
Altisource’s Equator Includes a Blockchain Option in its Servicing Platform November 13, 2018 Brandon Ivey Altisource said the tech offering provides the option for individual mortgages to be tracked as individual chains of data via blockchain...Read More
Ellington Will Convert to a REIT, Focusing on Credit Investments and Agency MBS November 12, 2018 Brandon Ivey Ellington CEO Laurence Penn: “Becoming a REIT would bring with it big benefits, such as lower effective tax rates..." Read More
Redwood Accelerates Diversification Efforts, Remains Profitable in Third Quarter November 8, 2018 Brandon Ivey Redwood CEO Chris Abate: “Our game plan in the third quarter was a bit unconventional – we ran an up-tempo offense, squarely in the face of mortgage market headwinds.”Read More
Short Takes: A Sale Agreement but What’s the Price, Mr. Cooper? / A Material Event? / UBS Expects DOJ Action / Ellington’s New Non-QM MBS / A New Hire for Home Point November 8, 2018 Paul Muolo and Brandon Ivey UBS said the Department of Justice intends to file a civil complaint against the company relating to pre-crisis MBS issuance...Read More
Expanded-Credit MBS Underwriting Not Loosening Much, Prepayments Remain High November 7, 2018 Brandon Ivey Risk layering remains uncommon on the new breed of expanded-credit mortgages…Read More