Latest Nonprime MBS from Angel Oak Met with Strong Demand from Investors November 29, 2017 Brandon Ivey The Angel Oak family of companies could originate more than $1.0 billion of non-QMs this year…Read More
Jumbo Originations Increased in 3Q17 but Sector Lost Some Market Share November 28, 2017 Brandon Ivey While banks continue to compete for jumbo loans, some have actually tightened underwriting standards…Read More
Fannie/Freddie Loan Limit for 2018 Increases by 6.8 Percent to $453,100. High-Cost Limit Hits $679,650 November 28, 2017 Brandon Ivey In high-cost areas, the GSE loan limit will increase to $679,650...Read More
Starwood Readies MBS Backed by Non-QMs November 28, 2017 Brandon Ivey Starwood president Jeffrey DiModica said the REIT will hold more than $500 million of non-agency mortgages by yearend...Read More
‘Expanded Credit’ Originations Increase Ever so Slightly in 3Q17 November 27, 2017 Brandon Ivey Non-QMs account for the bulk of expanded-credit originations, with a 78.0 percent share…Read More
Short Takes: Don’t Ask Us, Try OMB / English has OMB Roots / Radian Sells Clayton Unit / Subprime Standards Tighten / Guild Expands into North Dakota November 27, 2017 Brandon Ivey, Paul Muolo, and Thomas Ressler Guild Mortgage, San Diego, has expanded its presence in the Midwest...Read More
Short Takes: Still Hiring: Nonprime Lenders / Wiped Clean; Franklin Codel’s LinkedIn Profile / HUD Gives $5B in Hurricane Aid to Texas / Freedom Mortgage Shines / A Rare MBS from AMIPM November 20, 2017 Brandon Ivey and Paul Muolo Franklin Codel's LinkedIn profile had been wiped clean...Read More
Angel Oak Set to Issue its Third Nonprime MBS of the Year; Bank-Statement Loans 35 Percent of the Collateral November 17, 2017 Brandon Ivey Self-employed borrowers whose incomes were determined with bank statements account for 35.0 percent of the collateral.Read More
Lenders Start Your Engines: Texas Loosens Home-Equity Regulations November 16, 2017 Brandon Ivey The proposition revises the strict fee limits that Texas places on home-equity lines…Read More
Short Takes: Another Mortgage Trade Group Chief Announces Retirement / Redfin’s Mortgage Arm Growing Slowly / Annaly Executives Continue to Buy Stock / World Debt and U.S. Mortgage Debt / Resitrader’s Growth November 16, 2017 Brandon Ivey and Paul Muolo Annaly executives have purchased $24.3 million worth of company stock in the open market since 2011...Read More