Interest-Only Originations Rose by Almost 20 Percent in 2012 March 26, 2013 Brandon Ivey Interest-only lending picked up steam in 2012 despite new regulations that make the loans less attractive from a 'qualified mortgage' point of view.Read More
Moodys Critical of AAA Ratings on Chases Jumbo MBS March 26, 2013 Brandon Ivey Moodys said the JPMorgan Mortgage Trust 2013-1 has a weak representations and warranties framework, a restrictive rep and warrant enforcement mechanism and a lack of risk retention by Chase. Read More
Banks, Thrifts Hike Their Holdings of First- Lien Mortgages March 25, 2013 Brandon Ivey Holding fixed-rate mortgages in portfolio was considered a dangerous practice for depositories, but no more. Read More
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