Thanks to Janet Yellen, Wells Fargo May Finally Reenter the Non-Agency Market February 23, 2018 Brandon Ivey Wells Fargo is sitting on $287.5 billion of jumbo whole loans…Read More
PennyMac Readies Another ABS Backed by Ginnie Mae MSRs, Deal Receives Preliminary BBB- Rating February 21, 2018 Brandon Ivey PennyMac likely will use the proceeds to buy additional servicing rights…Read More
Short Takes: IU Chief Pagliara Weighs in on Supreme Court Decision / Bill Ackman is Now Underwater on his GSE Bets / NAMB Wants Ban on ‘Trigger Leads’ / Ditech Names Interim CEO but Does He Get the $5 Million? February 21, 2018 Carisa Chappell, Brandon Ivey, and Paul Muolo It appears that Pershing Square is now under water on its GSE investments...Read More
Houlihan Lokey’s Top Dealmaker Jeff Levine Sees a Coming Boom in Origination M&A February 20, 2018 Brandon Ivey Levine said there’s demand for retail operations… Read More
As Appraiser Shortage Worsens, Standards are Reduced February 16, 2018 Brandon Ivey Under the new AQB standards, only an associate’s degree in a field related to the appraisal industry will be required…Read More
Short Takes: Is Mel Watt Dropping Hints? / A Utility Model for Fannie and Freddie? / Refi Applications on the Rise (Ever So Slightly) / No (Permanent) Ginnie Prez, No FHA Chief / Uber Executive’s Foray Into Mortgages February 15, 2018 Brandon Ivey and Paul Muolo Joshua Rosner, managing director of Graham Fisher & Co., states: “This sounds like the early stages of a utility model..."Read More
Bill Would Restore REIT Access to FHLB Advances February 14, 2018 Brandon Ivey Borrowing from the FHLB advance window would save REITs a ton of money…Read More
Short Takes: Arch has Some ‘Fairly Well Developed’ Plans / Auditing the FHA MMIF / New Residential May Become a Player in Ginnie MSRs / Consumer Advocates Not Happy / Top VA Official Departs Agency for PenFed February 14, 2018 Brandon Ivey, Paul Muolo, and Thomas Ressler Look for New Residential to become a buyer of Ginnie Mae servicing packages...Read More
Redwood Set to Issue One of its Largest Jumbo MBS Deals Ever (Post-Crisis Era) February 13, 2018 Brandon Ivey The GSE-eligible loans have an average unpaid principal balance of $549,259 while the non-agency mortgages have a UPB of $703,898…Read More
A Rosy Picture: Strong Performance for Non-QMs in MBS February 13, 2018 Brandon Ivey The average credit score on loans in expanded-credit MBS issued in 2016 and 2017 was 704.9, according to a new analysis by Inside Nonconforming Markets.Read More