Former ASF Members, Including Wells Fargo, Working on New Trade Group March 15, 2013 Brandon Ivey Several members that recently bolted from the American Securitization Forum are forming a new trade group.Read More
Redwood to Issue its Fourth Non-Agency Jumbo Deal of the Year March 13, 2013 Brandon Ivey Redwood Trust is coming to the jumbo well once again. Its new MBS is roughly $577 million in size.Read More
Non-Agency Jumbo Originations Up Nicely in 2012, More Product Choices Help March 11, 2013 Brandon Ivey An estimated $203 billion in non-agency jumbo mortgages were originated in 2012, according to a new tally from Inside Mortgage Finance.Read More
HousingPulse: FHA Share of Purchase-Money Continues to Slide March 8, 2013 Brandon Ivey FHA funding accounted for 25 percent of home-purchase financing in January, based on the three-month moving average, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. February numbers will be released shortly.Read More
Newcastle, Fortress Affiliate Agree to Purchase $4.2B of Loans from HSBC March 6, 2013 Brandon Ivey New Castle and Springleaf are teaming up to buy a huge portfolio of consumer and real estate loans from HSBC.Read More
Short Takes: A 70-BP G-Fee May Lead to Private Conventional MBS / Impac’s Comeback Continues / Will Cordray Make the Cut This Time? / Ocwen Loses Chief Accounting Officer / MGIC, a Hot Stock March 6, 2013 Paul Muolo, Thomas Ressler, and Brandon Ivey Will a private conventional MBS market ever happen? If GSE g-fees keep rising, yes.Read More
Turmoil at ASF as Board Members and Firms Quit Securitization Group March 5, 2013 Brandon Ivey The American Securitization Forum, a high profile trade group that focuses on MBS issues, is in turmoil with several of its board members quitting. Read More
Credit Suisse Issues Its First Jumbo Deal of the Year, Quicken Product Dominates February 28, 2013 Brandon Ivey Credit Suisse came to market with its first jumbo MBS deal of the year with Quicken Loans dominating the collateral.Read More
Short Takes: Wells Hires Someone to Manage JVs / Cordray Will Be Confirmed? / Ocwen Posts Results but Analysts are Not Impressed / HUD Writing its Own QM Rule for FHA Loans February 28, 2013 Paul Muolo, Thomas Ressler, and Brandon Ivey Wells Fargo has not given up on mortgage lending JVs after all and has hired someone to manage them.Read More
Short Takes: The Myth Surrounding Redwood’s Delinquencies / Jumbo Loan Prices Red Hot / $30,000 a Year in Flood Premiums? / GSEs Paying Their Subservicers How Much? February 25, 2013 Paul Muolo and Brandon Ivey Jumbo loan prices are red hot.Read More