JPM and EverBank Issuing Non-Agency Jumbo MBS, Total Tops $925 Million March 21, 2013 Brandon Ivey The long awaited recovery in the jumbo MBS market may finally be here as more banks plan to issue securities.Read More
Fewer Prepayments Expected on Recent Non-Agency Jumbo MBS March 20, 2013 Brandon Ivey Stable interest rates are making refinancing less attractive to the newest mortgage borrowers, which should keep prepayment rates very low. Read More
Use of Cash Financing Increasing, More Investors Buying Homes March 20, 2013 Brandon Ivey The share of cash purchases of homes increased for five consecutive months, hitting 32.3 percent in February, based on the three-month moving average. Read More
IRS Issues Conflicting Opinion on Deductibility of REO Costs March 18, 2013 Brandon Ivey Historically, many banks have deducted expenses associated with REO, but all that may soon change thanks to a new IRS ruling.Read More
Former ASF Members, Including Wells Fargo, Working on New Trade Group March 15, 2013 Brandon Ivey Several members that recently bolted from the American Securitization Forum are forming a new trade group.Read More
Redwood to Issue its Fourth Non-Agency Jumbo Deal of the Year March 13, 2013 Brandon Ivey Redwood Trust is coming to the jumbo well once again. Its new MBS is roughly $577 million in size.Read More
Non-Agency Jumbo Originations Up Nicely in 2012, More Product Choices Help March 11, 2013 Brandon Ivey An estimated $203 billion in non-agency jumbo mortgages were originated in 2012, according to a new tally from Inside Mortgage Finance.Read More
HousingPulse: FHA Share of Purchase-Money Continues to Slide March 8, 2013 Brandon Ivey FHA funding accounted for 25 percent of home-purchase financing in January, based on the three-month moving average, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. February numbers will be released shortly.Read More
Newcastle, Fortress Affiliate Agree to Purchase $4.2B of Loans from HSBC March 6, 2013 Brandon Ivey New Castle and Springleaf are teaming up to buy a huge portfolio of consumer and real estate loans from HSBC.Read More
Short Takes: A 70-BP G-Fee May Lead to Private Conventional MBS / Impacs Comeback Continues / Will Cordray Make the Cut This Time? / Ocwen Loses Chief Accounting Officer / MGIC, a Hot Stock March 6, 2013 Brandon Ivey, Paul Muolo, and Thomas Ressler Will a private conventional MBS market ever happen? If GSE g-fees keep rising, yes.Read More