Ellington Readies First Non-Agency MBS. Loans Supplied by LendSure Mortgage November 8, 2017 Brandon Ivey LendSure has financial backing from Ellington, among other investors…Read More
Redwood Increases Jumbo Acquisition Volume, Sees Strong Execution for 'Expanded-Prime' November 7, 2017 Brandon Ivey Redwood Trust plans to issue expanded-prime MBS on a regular basis…Read More
Housing and Mortgage Industries Call GOP Tax Plan a Dud for Homeownership November 3, 2017 Brandon Ivey The $1 million cap is grandfathered and will only affect loans taken out after enactment of the bill...Read More
Mortgage Brokers Poised to Gain Market Share? November 3, 2017 Brandon Ivey Brian Vieaux, a senior vice president of third-party originations, said loan brokers are an “extension” of Flagstar’s reach through the retail channel.Read More
Ocwen Takes $6.1 Million Loss in Third Quarter but Results Could Have Been Worse November 2, 2017 Brandon Ivey The loss would have been worse if not for a one-time tax benefit of $23.2 million…Read More
Short Takes: GSE Reform? What’s the Rush? / Calabria, an FHFA Director Candidate? / Capping the Mortgage Interest Deduction at $500,000 / TCF to Buy Nonbank Mortgage Firm November 2, 2017 Carisa Chappell, Brandon Ivey, and Paul Muolo Mark Calabria is not exactly a fan of the GSEs...Read More
Redwood Set to Issue its Second ‘Expanded Prime’ MBS, Suggesting Strong Origination-Volume and Investor Demand November 1, 2017 Brandon Ivey The total unpaid principal balance for mortgages backing the deal has yet to be disclosed.Read More
Little Change in MBS Characteristics in 3Q17 November 1, 2017 Brandon Ivey Flagstar Bank was the top originator of loans that fed prime non-agency MBS in the third quarter…Read More
Prime Non-Agency MBS Issuance Catches Fire in October October 31, 2017 Brandon Ivey In the Chase MBS, 44.3 percent of the loans were originated by correspondents…Read More
Deephaven Brings New Nonprime MBS with Angel Oak as Top Contributor October 31, 2017 Brandon Ivey It’s Deephaven’s third nonprime MBS deal of the year…Read More