UBS Settles with DOJ on Pre-2008 Claims August 15, 2023 Brandon Ivey The DOJ alleged that UBS misled investors in 40 non-agency MBS, violating the Financial Institutions Reform, Recovery and Enforcement Act.Read More
Short Takes: New-Home Loan Applications Level Off / New REIT for Roc / Another Pivot for Altisource Asset Management? August 15, 2023 Brandon Ivey Altisource Asset Management shifted in recent years from asset management to aggregating non-agency mortgages. Another shift could be in the works...Read More
A Commanding NA MBS Market Share for UWM August 14, 2023 James Dohnert Among the top 10 contributors to such securities, just one was a federally insured depository: PrimeLending.Read More
After a Multi-Year Low, Ginnie Loan Removals Spike in 2Q23 August 14, 2023 Brandon Ivey In case you didn't know, thanks to higher interest rates, the Ginnie "early buyout" game is over...Read More
Retail Channel Gains Share in Agency Market August 10, 2023 Andras Malatinszky The retail channel gained market share from brokers and correspondents in the second quarter.Read More
Deliveries to GSEs Slow in July August 9, 2023 Dennis Hollier Volume was off 10.4% in July compared with June.Read More
Ginnie Exploring Credit Facilities for Nonbanks August 8, 2023 Monica Hogan Ginnie Mae President Alanna McCargo said nonbank liquidity is the biggest challenge facing the government mortgage system.Read More
Angel Oak's REIT Takes Loss in Second Quarter August 8, 2023 James Dohnert Angel Oak's REIT posted a $3.6 million loss after reporting a small profit to start the year.Read More
Agency MBS Rally Fizzles in July August 7, 2023 John Bancroft Among the top 10 issuers of agency MBS in July just one was a federally insured depository: U.S. Bank...Read More
Velocity Stays Profitable as Loan Portfolio Grows August 4, 2023 James Dohnert Business-purpose lender, Velocity Financial, grew its loan production by 19.2% in the second quarter of this year.Read More
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