Non-Agency Jumbo Share of Originations Shrinks in 3Q November 26, 2024 James Dohnert The jumbo share of total first-lien originations narrowed to 12.4% in the third quarter from 13.1% in the second.Read More
Short Takes: FHFA Plans for Underserved Markets / Affordability Outlook / Impairments on Non-QMs Rise Again / Low-Coupon MSRs on Offer November 26, 2024 Brandon Ivey The new plans from FHFA focus on efforts for rural markets, manufactured housing and first-time homebuyers.Read More
Nation's 10th-Largest Lender Fuels Hildene MBS November 25, 2024 James Dohnert The MBS was issued under CrossCountry’s and Hildene’s joint CROSS shelf.Read More
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
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