Brandon Ivey

Goldman Increasing Acquisitions of Non-QMs, Issuing MBS

May 7, 2021

Goldman Sachs Mortgage Company has acquired more than $800 million of non-QMs this year and is set to issue a $291 million MBS.

New GSE Purchase Limits and the Non-Agency Market

May 6, 2021

Brandon Ivey

Non-agency outlets are seeing a surge in the supply of non-owner-occupied loans due to caps recently placed on GSE business. Non-agency MBS issuance is expected to increase, though pricing for jumbos is also declining.

Performance of Auto ABS Continues to Improve

May 6, 2021

Brandon Ivey

The extension rate on loans in auto ABS declined again in February. Still, extensions are elevated compared with a year ago, just before the pandemic hit the economy.

Borrowers Hungry for Jumbos Despite Uptick in Interest Rates

May 6, 2021

Brandon Ivey

With home prices continuing to increase, jumbo lending — a must menu item for California shops — is now gaining popularity in other states.

Grapevine: The Big Boys (Nonbanks) Report / GOS Down, MSRs Up

May 6, 2021

Paul Muolo and Brandon Ivey

Originations remained strong in 1Q21 but GOS suffered. The good news: MSR owners had a golden opportunity to mark up the asset.

MFA to Acquire Business-Purpose Lender Lima One

May 6, 2021

Brandon Ivey

MFA already owned a minority stake in Lima One.

Short Takes: GSEs Get Specific on Dates for Refi Initiative / CHLA Persistent on FHA Issue / Former HUD Chief Montgomery Launches Consulting Firm / Should Nonbanks be on the Hook for CRA?

May 5, 2021

Paul Muolo and Brandon Ivey

The Community Home Lenders Association continues to pound the drumbeat, once again calling on the FHA to eliminate its life-of-loan mortgage insurance policy...