Nonbanks Top Contributors to Second Quarter Jumbo MBS July 28, 2015 Brandon Ivey Among the top 10 contributors to jumbo MBS through two quarters this year, half were banks or associated with banks. Read More
Short Takes: Trump Mortgage an Operational ‘Train Wreck’? / Parkside Launches Non-QM Loan for Investors / What Would ‘Crush’ Housing? / mREIT Posts Strong Earnings July 28, 2015 Paul Muolo, Brandon Ivey, and Sherry Muolo Operational problems at Trump Financial? It's all history now...Read More
Banks Ramp Up Holdings of GSE Eligible Loans – JPMorgan In Particular July 27, 2015 Brandon Ivey During JPM’s recent earnings call, Lake said “over half” of the new portfolio additions were jumbos and “the other half” were conventional mortgages.Read More
Latest Jumbo MBS from JPM Includes ARMs, IOs Mostly Originated by First Republic July 27, 2015 Brandon Ivey The vast majority of the jumbos were originated by First Republic Bank and have seasoned for an average of 2.4 years.Read More
Short Takes: What, Donald Trump Had a Mortgage Company? / GradeMyBank? / A Lack of Risk Retention by JPM on New Jumbo Deal / Fix or Flip? The Answer: Flip / Earnings Gain for CoreLogic July 27, 2015 Paul Muolo, Brandon Ivey, and Sherry Muolo Donald Trump, a mortgage broker too?Read More
Banks Continue to Gobble Up MBS, the Megabanks Especially July 24, 2015 Brandon Ivey The 25 largest banks held $1.15 trillion in MBS at the end of June, according to an Inside MBS & ABS analysis of Federal Reserve data.Read More
Hatteras Reveals Purchase Price on Pingora; Will Invest Up to $500 Million in MSRs July 22, 2015 Brandon Ivey MSRs purchased by Hatteras will be held at Pingora Loan Servicing with the "excess" receivables going to the parent company due tax benefits enjoyed by REITs.Read More
Short Takes: Originations to Foreign Nationals Booming? / A Profit and LPMI Figures from Radian / Things Looking up at Ocwen? / An MPF First July 22, 2015 Paul Muolo, George Brooks, and Brandon Ivey Who says the future looks bleak for Ocwen Financial? Not Sterne Agee CRT...Read More
Securitization of Nonperforming Mortgages Begins to Take Root July 21, 2015 Brandon Ivey Through June 30, issuance of non-agency MBS backed by NPLs and RPLs equaled the volume that analysts at BAML had predicted for the entire year.Read More
United Wholesale Launches Interest-Only ARM, Allows for Non-Jumbo Borrowers July 20, 2015 Brandon Ivey Mat Ishbia, CEO of United Wholesale, stressed that interest-only mortgages are for “well informed” borrowers. Read More