Portfolio Growth for the GSEs? Yes November 4, 2020 John Bancroft Fannie’s whole-loan portfolio increased 2.8% during the quarter, while Freddie’s grew 3.8%... Read More
Prime Non-Agency MBS in 3Q20 Fueled by UWM, Depositories November 3, 2020 Brandon Ivey Quicken Loans and loanDepot were the other nonbanks among the top five sources of collateral for these deals... Read More
Velocity Financial Resumes Originations; Income Increases in 3Q November 3, 2020 Brandon Ivey Velocity resumed origination activity in September, funding $63 million of investment-property loans in October. Read More
Ginnie Buyouts Spike at Mr. Cooper. More on the Way? November 2, 2020 Paul Muolo Ginnie buyouts of delinquent mortgages are a common practice – but it takes readily available cash, or a line of credit... Read More
Trouble Ahead for Investors in Non-Agency MBS? November 2, 2020 Brandon Ivey This summer, non-cash-flowing loans as a share of aggregate current balance of non-agency MBS ranged from around 5% of post-2010 prime non-agency MBS to as high as 26% for legacy deals... Read More
Slip, Sliding Away: The Ginnie Mae Servicing Market November 2, 2020 John Bancroft Eight of the top 10 Ginnie servicers as of the end of September had smaller portfolios than at the midway point in the year.Read More
CMBS Issuance Stages a Comeback, SFR/Industrials Boom October 30, 2020 John Bancroft Much of the third-quarter rebound came from securitization of mortgages on industrial properties. Read More
Losing Market Share Once Again: The FHA Program October 29, 2020 John Bancroft The FHA share of the insured agency market fell to 22.7%, down from 23.5% in the second quarter and 28.8% a year ago. Read More
MFA Returns to the Market with its Second Non-QM MBS October 28, 2020 Brandon Ivey Loans in the $570.2 million MBS were originated by Citadel Servicing Corp. and have seasoned for an average of 20 months. Read More
Latest Lenders to Re-enter the Non-QM Space: First Guaranty, New Rez October 27, 2020 Brandon Ivey First Guaranty Mortgage Corp. restarted its Maverick non-QM program and New Residential Investment plans to resume non-QM lending shortly.Read More