Short Takes: Powell Sees No Need to ‘Hurry’ Rate Cuts / More Lock-In / Strong Demand for MSR Securitization From Rithm / Non-Agency MBS Flowing Again November 15, 2024 Brandon Ivey “The economy is not sending any signals that we need to be in a hurry to lower rates,” said Federal Reserve Chair Jerome Powell.Read More
Splitero’s HEI Business Poised for Growth Following Investment November 14, 2024 James Dohnert Splitero received a $300 million investment from funds managed by Antarctica Capital, a private-equity firm.Read More
CrossCountry Teams With Chase for Prime Non-Agency MBS November 13, 2024 Brandon Ivey CrossCountry has a separate MBS issuance partnership with Hildene Capital Management, though that’s focused on expanded-credit mortgages.Read More
Angelo Gordon’s REIT Diving Into Home Equity Loans November 13, 2024 James Dohnert AGMIT acquired $136.9 million of home equity loans in the third quarter and has committed to purchasing another $200 million in loans over the next several months.Read More
Refi Share Up Sharply in Latest Jumbo MBS From Rate November 12, 2024 Brandon Ivey Refis account for 15.0% of the planned $365.3 million issuance.Read More
Short Takes: Mixed Trends Among Agency MBS Issuers / Home Sales Expected to Increase / Provident Bank Hires Warehouse VP From Flagstar / Achieve Expands HELOC Offerings November 12, 2024 John Bancroft and Brandon Ivey While agency MBS issuance surged in October, some of the top sellers posted declines in volume compared with September.Read More
Short Takes: Delinquencies Decline / Ishbia Expects Positive Changes Under Trump / Upgrades for Large Nonbanks / Redwood MBS With IPLs November 8, 2024 Brandon Ivey The modest decline in delinquencies in the third quarter was tied to early-stage delinquencies, while later-stage delinquencies increased.Read More
Short Takes: More Rate Volatility / Applications Decline Again / Home Price Projection / Angel Oak REIT Returns to Profitability November 6, 2024 Brandon Ivey The 10-year opened the day at 4.258% and spiked to nearly 4.50%.Read More
GSE-Eligible Loans for Investment Properties Go Non-Agency November 5, 2024 James Dohnert Non-agency MBS is offering better execution, in some instances, than the GSEs for investment-property mortgages.Read More
Short Takes: Volatility Expected for Interest Rates / First-Time Homebuyers Get Older / Angelo Gordon REIT Buying Home Equity Loans / PIMCO, Chase Win Fannie RPL Auctions / Positive Outlook for New American Funding November 5, 2024 Brandon Ivey Uncertainty regarding election results could cause some interest rate volatility in the near term.Read More
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