AIG Issuing Jumbo MBS from its Own Shelf March 5, 2018 Brandon Ivey Loans from several of lenders will be included, led by Homestreet Bank with a 12.5 percent share…Read More
The SFIG Roundup: Market Participants Confident, Record Attendance. What Could Go Wrong? March 2, 2018 Brandon Ivey Issuance is increasing across various asset sectors, with many sponsors reporting improved pricing and growing interest from investors…Read More
End of Watt’s Term as FHFA Director Seen as Leverage for Republicans in Congress February 28, 2018 Brandon Ivey Pete Carroll, an executive at CoreLogic, noted that many Democrats in Congress will not support a housing finance reform bill unless such provisions are included.Read More
Jumbo Servicing Volumes on the Rise, Banks Dominate February 28, 2018 Brandon Ivey Wells Fargo serviced $287.5 billion of jumbo mortgages as of Dec. 31, ranking first overall…Read More
Short Takes: FHA Official Rules Out MIP Cut / Essent Marketing First Risk-Sharing Deal / The HUD Secretary’s $31,000 Dining Room Table / PHH Calls it a Day on PLS Business / Finance of America Hires Radian Executive February 28, 2018 Paul Muolo and Brandon Ivey PHH Mortgage said it has taken its last loan application on behalf of a private-label origination client. Read More
Non-Agency MBS Issuance Backed by New Loans Expected to Double. But Big Investors Still Have Concerns February 27, 2018 Brandon Ivey Expanded-credit MBS issuance could top $12 billion this year…Read More
Ginnie Considering Partnering with FHA to Offer Risk-Sharing MBS. Private Market Would Assume Credit Risk February 26, 2018 Brandon Ivey Bright suggested that Ginnie Mae could work with the Federal Home Loan Bank of Chicago on risk-sharing transactions...Read More
Fannie and Freddie Hanging On to Their Alt A Mortgages February 26, 2018 Brandon Ivey The bulk of the holdings are in Alt A mortgages purchased/guaranteed by the GSEs...Read More
A $31 Million Profit for Redwood in 4Q17, but Mortgage-Banking Income Sags. Better Days Ahead? February 23, 2018 Brandon Ivey At Dec. 31, Redwood held $5.1 billion of residential loans on its balance sheet, a 21.4 percent increase over 3Q17…Read More
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