Just In: 2Q22 Agency Mortgage Tally Lowest Since Early 2019 July 7, 2022 John Bancroft The top three agency sellers in 2Q22: Rocket Mortgage, UWM and PennyMac Financial...Read More
MFA Offers Non-Agency MBS with Exceptionally Old Loans July 7, 2022 Brandon Ivey Loans in a new RPL MBS from MFA were originated in 2005, on average.Read More
In a Tough Investor Market, PennyMac (the REIT) Issues Debt July 6, 2022 Paul Muolo The five-year notes offer a yield of 419 basis points above SOFR...Read More
FHFA LLPA Changes Hit High-Balance, Second-Home Deliveries July 5, 2022 John Bancroft At the direction of the FHFA, the GSEs significantly increased LLPAs for high-balance and second-home loans starting with April deliveries.Read More
PIMCO and Mortgages: Is it All Over? July 1, 2022 Paul Muolo FGMC's list of creditors reads like a Who’s Who of Wall Street finance: Daiwa Capital, Deutsche Bank, Jefferies Capital and Morgan Stanley, to name a few...Read More
FHFA Undeterred by Criticism of New MBS Fee. However… July 1, 2022 Dennis Hollier The new fee was roundly criticized by MBS investors...Read More
Most REIT-Related Debt Trading at a Discount July 1, 2022 Paul Muolo Mortgage REIT stock prices are down and most company debt is trading below par. A buying opportunity or something else?Read More
Getting More Expensive: Buying Certain GSE Securities June 30, 2022 Dennis Hollier The big question: Why have the two GSEs suddenly decided to implement the fee?Read More
Annaly Paints Rosy Picture For MBS, Servicing Rights June 30, 2022 Sam Manas Annaly values its MSRs at north of $1 billion...Read More
PIMCO Gets Picky on Non-QM Yields June 28, 2022 Paul Muolo PIMCO — which last week slashed the workforce of its mortgage company FGMC to the core — declined to comment...Read More
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