Redwood’s Net Income Jumps in 1Q, Helped by Jumbos April 29, 2021 Brandon Ivey Redwood's income from aggregating and selling jumbos increased during the first quarter, with more volume and high margins.Read More
Prepayments Continue to Drive Ginnie Mae Removals April 28, 2021 John Bancroft Servicers also repurchased $20.22 billion of delinquent loans from Ginnie MBS in the first quarter, or 9.3% of total removals.Read More
NewRez Turns to Securitization Market for Warehouse Financing April 27, 2021 Brandon Ivey NewRez had $4.3 billion of loan funding capacity across nine warehouse credit facilities prior to the securitization.Read More
New Top Lender (GR) Emerges in Prime Non-Agency MBS in 1Q21 April 26, 2021 Brandon Ivey United Wholesale Mortgage ceded the top spot after it stopped originating jumbos in March 2020 due to volatility from the coronavirus. Read More
Citi Resumes Aggregating Jumbos for MBS Issuance April 26, 2021 Brandon Ivey Citi started issuing expanded-credit MBS in 2020 but hasn't come to market with a jumbo deal since 2014. Read More
1Q21 ABS Issuance Spikes 87% as COVID Recovery Takes Hold April 23, 2021 John Bancroft Driving the improvement (no pun intended): the auto lending and leasing sector.Read More
Calabria Acknowledges ‘Pinch’ on NOO/Second-Home Market Caused by Reg Change April 22, 2021 Dennis Hollier FHFA chief Mark Calabria: “The reality is that, in the short run, there will be a pinch on the market, if you will."Read More
Ocwen Will Pay a ‘Modest’ Premium for Texas Capital’s MSRs April 22, 2021 Paul Muolo For Ocwen, the acquisitions represent a chance to grow its lending business and bolster its MSR portfolio. Read More
SFA Drafts Reporting Standards for Non-Agency MBS Servicers April 22, 2021 Brandon Ivey The voluntary standards are in response to complaints from non-agency MBS investors regarding disclosure of loan performance amid the pandemic. Read More
Ginnie Servicer Buyouts for Loss Mitigation/Foreclosure Jump 58% in 1Q21 April 20, 2021 John Bancroft The game is on: Ginnie Mae buyouts for loss mitigation/foreclosure purposes spiked in 1Q21 to $9.7 billion...Read More