Short Takes: Framing the GSE Debate / 55 in 12 / Craig Phillips’ New Job / Flagstar’s Broker Partners / Mortgage Tech Vendor Gets New COO January 28, 2020 Paul Muolo To date, Odeon has published 55 comments on the GSEs in the past 12 months…Read More
Lenders, Investors Find a Way to Sidestep Risk Retention January 28, 2020 Brandon Ivey Mortgages for co-sponsored deals are usually aggregated by the investor with a whole-loan sale flow arrangement.Read More
Sober Underwriting Standards on Expanded-Credit Collateral January 27, 2020 Brandon Ivey Over the last two years, the average credit score on mortgages in expanded-credit MBS was 726.8. Read More
A Perfectly Good Storm for 4Q19 GSE Earnings? January 24, 2020 Paul Muolo Fannie and Freddie are poised to bring the bacon home in regard to fourth quarter earnings. Any wild cards here? Probably not.Read More
Pop the Champagne: A New Record for CMBS Issuance January 24, 2020 John Bancroft The office market, which accounted for 26.2% of nonagency CMBS collateral last year, posted a 44.7% increase from 2018. Read More
Chase Preps its Second Prime Non-Agency MBS of the Year January 23, 2020 Brandon Ivey The $776.6 million deal follows a $430.3 million prime non-agency MBS from Chase last week. Read More
Invictus Set to Issue its Largest Expanded-Credit MBS Ever January 22, 2020 Brandon Ivey The $699.2 million expanded-credit security tops a $681.0 million deal Invictus issued in October. Read More
Radian Sells Due Diligence Unit Clayton – At a Loss January 22, 2020 Paul Muolo Radian bought Clayton in 2014, paying a hefty $305 million for the business, a price that many observers thought was a bit rich.Read More
Nonbank Market Share Sets New High in Agency Business January 21, 2020 John Bancroft Only two banks ranked among the top agency sellers last year: Wells Fargo and JPMorgan Chase. Read More
A Milestone: Non-Agency MBS Issuance Hits a Post-Crisis High in 2019 January 17, 2020 Fun Fact: The expanded-credit MBS sector posted a hefty 130.3% jump in new issuance during 2019… Read More