Short Takes: Celebrity in the Hunt / Ocwen Gets the ‘All Clear’ Signal from Ginnie / Oh Carol / The National Servicing Settlement – It’s a Wrap / Two Joes In Charge at Waterstone August 22, 2018 Paul Muolo and Brandon Ivey Celebrity Financial has several M&A irons in the fire...Read More
Moody’s Gives loanDepot an ‘Average’ Assessment August 15, 2018 Brandon Ivey This spring, loanDepot was rumored to be a takeover target of Internet retailer Amazon.com…Read More
New Players Enter Non-QM Market by Aggregating Loans and Issuing MBS August 13, 2018 Brandon Ivey The new MBS from Neuberger Berman is backed by loans originated by Impac Mortgage Holdings…Read More
Starwood Preps its First Non-QM MBS Deal. Impac a Major Provider of Collateral August 6, 2018 Brandon Ivey Starwood is now directly sourcing loans from Impac and hasn’t tapped any other originators.Read More
PennyMac Boosts Profit, Originations, Servicing – and Unveils Corporate Reorganization August 3, 2018 Brandon Ivey The lender/servicer also unveiled plans for a corporate reorganization that could triple the firm’s market capitalization rate…Read More
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