Figure Ramping Up HELOC Securitization June 6, 2023 James Dohnert Figure Lending's newest MBS will include recently originated first- and junior-lien home equity lines of credit with an unpaid principal balance of $205.4 million.Read More
Short Takes: Chase’s $200 Offer; Home-Price Appreciation Outlook; Non-QM MBS; Balbec’s Scratch-and-Dent Deal June 6, 2023 Brandon Ivey In certain areas, Chase is offering mortgage shoppers $200 to consider a mortgage from the bank.Read More
Nonbank Ginnie Issuers Making Progress on Capital Requirements June 2, 2023 Monica Hogan Ginnie President Alanna McCargo is confident nonbanks will be able to meet pending capital requirements.Read More
Influx of GSE Repurchase Requests May Not Reflect Policy Changes May 31, 2023 Dennis Hollier Fannie and Freddie believe the surge in repurchase requests simply reflects market trends.Read More
REIT M&A: Tonkel-Led Arlington Agrees to a Deal May 31, 2023 Paul Muolo Tonkel was a top executive at Friedman, Billings Ramsey, which took many a REIT public in the 2000s.Read More
UBS Receives Multiple Bids for Servicing Handled by SPS May 31, 2023 Paul Muolo The Utah-based specialty servicer became the property of UBS during the recent bank liquidity crisis.Read More
Commingled Issuance From GSEs Remains Suppressed May 30, 2023 John Bancroft A reduction in the commingle fee that applies to the GSEs helped to increase such issuance somewhat in April.Read More
Financial Services Groups Happy With Debt Ceiling Bill May 30, 2023 Brandon Ivey Trade groups endorsing the legislation include the American Bankers Association and the Securities Industry and Financial Markets Association.Read More
Short Takes: Slow Progress at States on Nonbank Standards / Home Prices Essentially Flat / Ginnie to Expand MBS Disclosures / Arvest Loses Servicer Rating May 30, 2023 Brandon Ivey Minnesota becomes the fifth state to adopt the CSBS's model framework for nonbank prudential standards...Read More
Ginnie Working to Increase Participation by Smaller Lenders May 26, 2023 Monica Hogan Ginnie is expanding a working partnership with the Federal Home Loan Bank of Chicago.Read More