Jumbo MBS on the Mend? Three Recent Deals Spark (Muted) Optimism November 13, 2015 Brandon Ivey Industry analysts suggest that while liquidity for new jumbo MBS remains limited, the securities can be a good investment.Read More
SFIG Unveils New ‘Green Paper’ on Non-Agency MBS November 11, 2015 Brandon Ivey One of the new model reps addresses the Consumer Financial Protection Bureau’s ability to repay rule and standards for qualified mortgages.Read More
Five Oaks Takes Small Loss in 3Q, Runs into Delays on FHLBank Funding November 10, 2015 Brandon Ivey Five Oaks is approved to borrow up to $500 million in FHLBank advances.Read More
Redwood Preparing to Issue Unique Jumbo MBS with Loans from UBS Bank November 9, 2015 Brandon Ivey KBRA noted that this will be the first post-crisis deal to include a significant contribution of mortgages from UBS Bank.Read More
High Marks for Broker-Focused Jumbo Lender Primary Capital November 4, 2015 Brandon Ivey Some lenders suggest that while jumbo lending with loan brokers is viable, retail originations tend to be more attractive.Read More
First Republic the Market Leader in Contributions to Jumbo MBS November 2, 2015 Brandon Ivey Among the top five contributors to jumbo MBS, all were nonbanks, except First Republic.Read More
Remember ‘Strategic’ Defaults? They’re Actually Quite Rare October 29, 2015 Brandon Ivey But the analysts eventually conceded they didn’t have data on borrowers’ assets, income, LTVs and more. Read More
What We’re Hearing: Perhaps, CFPB Director Cordray Needs to Understand His Own QM Rule / Most Jumbos are Non-QMs? Not So Fast… / Paying $5,000 for a Realtor ‘Desk Rental’ / Gift Cards Too? / A New Bill on ‘Captives’ and the FHLBs October 23, 2015 Paul Muolo and Brandon Ivey Although some lenders love having a desk in a high-volume Realtor’s office, others loathe the practice. “I lost so much business to those places over the years,” he said. “I refused to pay $5,000 for a desk…”Read More
JPMorgan Readies First Jumbo Deal of the Fourth Quarter October 22, 2015 Brandon Ivey Finally, the jumbo MBS drought is over, or will be by the end of next week.Read More
Short Takes: Lenders Show No Love for the CFPB / Rep. Hensarling to HUD: Happy 50th but You Failed / Ginnie a Money Maker / Walter Share Price Tanks / Ocwen Said It Addressed Past Failures October 22, 2015 Paul Muolo, Thomas Ressler, and Brandon Ivey The share price of Walter Investment Management Corp. tumbled just over 7 percent in trading midweek on no news...Read More