Waterfall Unit Brings First Rated MBS Backed by Non-Agency Reverse Loans Since 2007 November 1, 2018 Brandon Ivey The deal is backed by jumbo reverse loans with a total unpaid principal balance of $571.8 million…Read More
Digital Footprint Useful for Predicting Loan Defaults October 30, 2018 Brandon Ivey Fun fact: Consumers with their names in the email address were 30 percent less likely to default than other customers.Read More
MBS Backed Fix-and-Flip Bridge Will Expand, Morningstar to Take a Conservative View Initially October 29, 2018 Brandon Ivey Fix-and-flip loans generally have terms that range from a few months to three years…Read More
Short Takes: Bill Dallas Speaks / FoA’s New Reverse Product / A Blow-Out Earnings Number from Freddie? / Fannie? / No Permanent President for Ginnie, Still / Former FHLB Chicago Exec Named President of CU Mortgage Firm October 29, 2018 Paul Muolo and Brandon Ivey On Wednesday, Freddie Mac will release third-quarter results...Read More
State Regulators Try Again with Lawsuit Against OCC Aiming to Prevent Fintech Charters for Nonbanks October 25, 2018 Brandon Ivey John Ryan, president and CEO of the CSBS, compared the potential impact from the fintech charter to issues involving federal preemption of state laws in the lead up to the financial crisis.Read More
Jumbo-Conforming Spread Closer than Perceived October 24, 2018 Brandon Ivey During the financial crisis, average interest rates on conforming mortgages were much lower than rates on jumbos…Read More
Flagstar’s Originations Up Slightly in Third Quarter, GOS Takes a Hit October 23, 2018 Brandon Ivey Correspondent production accounted for 76.1 percent of Flagstar’s originations during the quarter...Read More
Short Takes: A 52-Week Low for Texas Capital / But Strong Earnings / Concern over the Future of Warehouse Lending? / TIAA’s Third Non-agency MBS / HomeStreet Sees Lower Production, Dark Clouds October 23, 2018 Paul Muolo and Brandon Ivey TIAA is preparing to issue its third prime non-agency mortgage-backed security of the year...Read More
Purchase Mortgages Dominate Jumbo MBS Issuance in 3Q18 October 22, 2018 Brandon Ivey Prime jumbo MBS issuance continues to be dominated by 30-year FRMs, with few interest-only products represented…Read More
More Experimentation in Non-Agency MBS Market with Issuance from Verus October 22, 2018 Brandon Ivey The structure results in principal payments to subordinate classes earlier in the transaction…Read More