Non-QMs Attractive Investments for Life Insurers July 20, 2023 James Dohnert The growth is partly due to improved dynamics between life insurers and mortgage partners.Read More
FirstKey Mortgage to Issue Second CES Securitization of 2023 July 19, 2023 James Dohnert FirstKey Mortgage is expected to issue a MBS of closed-end second-lien loans amid growing demand for the product.Read More
Short Takes: Business Improves at Western Alliance / Western Asset in Talks With AG Mortgage Investment / New Fix-and-Flip Lender / Freddie Offers Spanish Docs July 19, 2023 Brandon Ivey Officials at Western Alliance Bank stressed that the bank worked to get back to "normal" in the second quarter.Read More
Non-Agency MBS Issuance Declines in Second Quarter July 18, 2023 James Dohnert Several usually active issuers had no issuance in the second quarter, including Angelo Gordon, Ellington Financial REIT and Redwood Trust.Read More
Short Takes: Small Profits / Few Homes for Sale / DBRS Ready to Rate HEI Securitizations July 18, 2023 Brandon Ivey FirstBank's mortgage division generated small profits in May and June.Read More
Structured Finance Deals Bounce Back in Nearly All Sectors July 17, 2023 John Bancroft All major sectors posted gains in securitization activity...Read More
Agency MBS Issuance Increases After Nine Quarterly Declines July 14, 2023 John Bancroft The GSEs outpaced Ginnie in terms of growth in MBS issuance in the second quarter.Read More
Ratings Likely for Fix-and-Flip Securitizations July 14, 2023 James Dohnert The first large revolving RTL securitization was issued in 2018 and to this point, none of the deals in the sector have received ratings.Read More
Terra Property Trust Rebuts Some Claims Tied to Western Asset REIT July 14, 2023 Brandon Ivey The fate of Western Asset Mortgage Capital's convertible debt is a concern.Read More
Short Takes: One More Rate Hike? / Lender Offers AI Chatbot / New Jumbo MBS July 14, 2023 Brandon Ivey After one more interest rate hike, the Federal Reserve will likely take a break for awhile, S&P Global Ratings says.Read More
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