Redwood Getting Back on Track with Jumbo MBS December 17, 2020 Brandon Ivey Mortgages from 51 different originators are included in the deal, led by PrimeLending with a 19.9% share... Read More
Small-Dollar Mortgage Project in Louisville Generating Mixed Results December 16, 2020 Brandon Ivey The Micro Mortgage allows DTI ratios up to 50% and LTV ratios as high as 105%. Still, the interest rate on the loan has prompted limited demand... Read More
Ginnie Early Buyout Game Attracting More Than Issuer/Servicers December 15, 2020 Paul Muolo David Rosenblum, a partner in the firm, said Prophet has “an appetite for billions more.”Read More
A Warehouse Securitization from LoanDepot December 15, 2020 Paul Muolo The nonbank is also working on an IPO... Read More
Ginnie Single-Family MBS Issuance Slows in November December 15, 2020 John Bancroft November issuance was down 0.2% from October mostly because of weakening purchase-mortgage securitization, which fell 5.0% on a monthly basis. Read More
Forbearance Declines, But MBA Warns of Trouble Ahead December 14, 2020 Paul Muolo MBA: “Compared to the last two months, more homeowners exiting forbearance are using a modification – a sign that they have not been able to fully get back on their feet, even if they are working again.” Read More
Starwood Brings MBS with Seasoned Loans for Investment Properties December 14, 2020 Brandon Ivey Close to 40% of loans in the MBS have been in forbearance, but with many returning to current status.Read More
Jumbo Lending by Correspondents Takes a Hit. Reason: Wells Fargo December 14, 2020 Brandon Ivey Even though Wells shut off its correspondent spigot for jumbos early in 2Q20, $1.88 billion of product came through the channel...Read More
REITs in Recovery on MBS Investments? Getting There, Slowly... December 10, 2020 John Bancroft Financial turbulence forced REITs to sell off their MBS holdings in March as the pandemic cratered economies around the world.Read More
Freddie Preps CRT Deal Following New Capital Requirements December 10, 2020 Brandon Ivey Fannie suspended CRT issuance earlier this year when the FHFA proposed new capital requirements for the GSEs. Freddie, though, stayed in... Read More