The overall mortgage securitization rate fell slightly in 2018, with 70.0% of home loans originated in the primary market ending up in MBS pools, according to an Inside MBS & ABS analysis. [Includes one data chart.]
Elliott Management Corp., considered one of the largest activist funds in the world, is eyeing non-qualified mortgage securitizer Deephaven Mortgage for a possible acquisition, sources familiar with the matter told Inside MBS & ABS.
There has been a significant uptick in the re-performing loan market, including whole-loan sales and securitizations (some unrated), as more borrowers move from a nonperforming to re-performing status, according to a new analysis by credit rating agency DBRS.
Multifamily lender Walker & Dunlop plans to expand its small-loan business, confident about investor demand and performance of such assets in the secondary market.
Wells Fargo’s second post-crisis jumbo MBS differs from the one it issued in October. The new deal is substantially larger than the previous issuance and the lineup of three rating services is somewhat different.
Redwood Trust is set to issue the first prime non-agency MBS the market has seen in more than a month. Issuance has all but grounded to a halt after October, but industry analysts expect more volume to flow following the Redwood deal.
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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