Prime Jumbo MBS Issuance Off to a Slow Start in 3Q18 as Redwood Brings a Smaller Deal August 2, 2018 Brandon Ivey Loans from United Shore account for 19.0 percent of the new issuance.Read More
Wells Pays $2 Billion Penalty to Feds for Disclosure Issues on Pre-Crisis Non-Agency MBS August 2, 2018 Brandon Ivey In settling, Wells – the nation’s largest home lender and servicer – did not admit any liability. Read More
Lenders Divided on Potential for Non-QMs. Demand Exceeds Supply? August 1, 2018 Brandon Ivey SG’s Justin Mahoney estimated that lenders participating in the panel were backed by $10 billion of capital aimed at expanded-credit products…Read More
The Key to the (Prime) Non-Agency MBS Market: Commercial Banks July 31, 2018 Brandon Ivey The participation of banks other than Chase and First Republic marks a significant shift in the prime non-agency MBS market.Read More
Neuberger Berman Enters Non-QM MBS Market with a $485.5 Million Deal July 30, 2018 Brandon Ivey Impac was a major contributor to the non-QM MBS with a 59.6 percent share…Read More
Short Takes: FHFA IG Probe of a Conflict by a Fannie Mae Executive? / Watt Says He Agrees with Two Recommendations in the IG Report / AMC in a Growth Mode / An Upgrade on Verus MBS / A Promotion at Altisource July 30, 2018 Paul Muolo, Brandon Ivey, and Carisa Chappell In response to IG Report, FHFA Director Mel Watt said he agrees to “both” the recommendations made by IG Laura Wertheimer and will implement them…Read More
Annaly Packs More Non-QMs into Latest MBS, Tapping Production from 125 Lenders July 27, 2018 Brandon Ivey Mortgages from 125 lenders will be included in the MBS, led by Quicken Loans with a 12.8 percent share…Read More
MBA Pushing States to Quickly Implement Transitional Licenses for Loan Originators July 27, 2018 Brandon Ivey It could take states 18 months to implement the transitional license regime, according to MBA’s Pete Mills…Read More
Ocwen Share Price in a Freefall After Reporting a $29.8 Million Loss for 2Q18 July 26, 2018 Brandon Ivey As the merger with PHH moves closer, Ocwen continues to bleed red ink...Read More
Freddie Official: Big Data and Advanced Analytics will Change the Business July 25, 2018 Brandon Ivey Chris Boyle, chief client officer at Freddie Mac: “I don’t know how half of you make money.”Read More