Brandon Ivey

The share of mortgages for investment properties in expanded-credit MBS increased during the third quarter along with average credit scores. The age of loans going into securitized deals is also rising. (Includes three data charts.)

Non-Agency Aggregation Business Booming at Maxex

October 16, 2020

Brandon Ivey

Maxex has aggregated more than $10 billion worth of product between its founding in 2016 and September of this year. More than $3 billion flowed through the firm’s exchange in the third quarter alone.

Sterling Internal Review Reveals Staff Misconduct

October 16, 2020

Brandon Ivey

Originating non-QMs didn’t work out so well for Sterling Bank. After finding compliance issues, the bank ended its non-QM program and started to repurchase loans sold into MBS.

A&D Mortgage Affiliate Stands Out With its First Non-QM MBS

October 16, 2020

Brandon Ivey

Imperial Fund, an affiliate of A&D Mortgage, issued its first non-QM MBS this week. Loans in the deal are concentrated in Florida and more than 15% went to foreign nationals or non-resident aliens.

Western Alliance Acquires Non-QM Aggregator Galton Funding

October 16, 2020

Brandon Ivey

Galton has issued more than $1.0 billion in expanded-credit MBS since the start of 2019. Western Alliance will place Galton within its warehouse lending unit.

Brandon Ivey

ARTICLES

Short Takes: A Trip to the Debt Well for loanDepot / Yield? / MBA’s 2020 Forecast, A Bit Low? / A Spike in Electronic Recordations

Flagstar Boosts Originations by 18% in Third Quarter

Redwood Ramping Up Jumbo Aggregation, Preps MBS

Racking Up Overtime to Handle the Refi Boom

Pretium and Ares Management Team Up to Acquire SFR Operator Front Yard

Expanded-Credit MBS Characteristics Shift in 3Q

Non-Agency Aggregation Business Booming at Maxex

Sterling Internal Review Reveals Staff Misconduct

A&D Mortgage Affiliate Stands Out With its First Non-QM MBS

Western Alliance Acquires Non-QM Aggregator Galton Funding

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