One-Month Bank Statement Mortgages Questioned October 8, 2018 Brandon Ivey A handful of lenders offer one-month bank statement programs…Read More
Short Takes: Waiting on a Client / Layoffs at Eli Global? / Bonuses: Based on Volume or Profits? / New Penn Rolls Out New Non-QM Loan / NewDay Hires a Former Governor October 8, 2018 Paul Muolo and Brandon Ivey One source familiar with Eli Global’s mortgage operations said layoffs have occurred at the company’s mortgage unit...Read More
Expanded-Credit MBS Issuance Up in 3Q, Prime Non-Agency Down October 5, 2018 Brandon Ivey Issuance trends for non-agency mortgage-backed securities stocked with newly-originated mortgages were mixed in the third quarter....Read More
Former Redwood CIO Joins Shared-Appreciation Firm, Will Develop Securitization Outlet October 4, 2018 Brandon Ivey EquiFi plans to license its shared equity product to other originators…Read More
MBS/ABS Participants Getting Used to a ‘Constructive’ Relationship with Regulators in the Trump Administration October 4, 2018 Brandon Ivey Federal regulators have changed their tone under President Trump, according to participants in the MBS and ABS markets. Read More
Credit Suisse, New Residential Prep Non-Agency MBS Backed by Seasoned Mortgages October 3, 2018 Brandon Ivey In the New Rez deal, the mortgage have seasoned for more than 13 years, on average…Read More
Redwood Readies Eighth Prime Non-Agency MBS Deal of the Year, UWM Top Contributor Yet Again September 28, 2018 Brandon Ivey The nonbank wholesaler, a unit of United Shore Financial Services, has been the top contributor to six of Redwood’s prime non-agency MBS of 2018.Read More
A Sign of Demand: Record Attendance at ABS East Conference as Investors Thirst for Yield September 28, 2018 Brandon Ivey A number of investors noted that it’s difficult to find structured-finance products with attractive yields. Read More
Non-QM Lenders See a 10 Percent Market Share as a Reasonable Goal September 27, 2018 Brandon Ivey Expanded-credit mortgages accounted for less than 3 percent of total first-lien originations in the first half of this year. Read More
Banks, Thrifts and First Liens, the Love Affair Continues September 26, 2018 Brandon Ivey Three megabanks account for an outsized share of first liens held by banks: Wells Fargo, JPMorgan Chase and Bank of America.Read More