Quite the Turnaround for Expanded-Credit MBS Issuance June 29, 2020 Brandon Ivey The revival included first-time EC MBS issuers as well... Read More
A Large 1Q20 Loss for Impac. Cash Position Jumps After Asset Sales June 26, 2020 Paul Muolo And the good news? The company is once again originating (after suspending production in the spring) but only for Fannie Mae, Freddie Mac and FHA/VA products.Read More
Angel Oak on Track to Top Non-QM MBS Issuers in 2Q20 June 25, 2020 Brandon Ivey Angel Oak is on track to be the top issuer of expanded-credit MBS in the second quarter with volume of $876.3 million... Read More
Citi to Issue its First MBS Backed by Non-QMs from Multiple Lenders June 24, 2020 Brandon Ivey The top contributor to the deal is JMAC Lending with a 7.3% share, followed by Commerce Home Mortgage (7.0%) and loanDepot (6.4%).Read More
CFPB Issues QM Proposal. A Game Changer or Something Else? June 23, 2020 Yemeng Yang and Brandon Ivey The CFPB proposed standards for qualified mortgages that don’t rely on a loan being eligible for sale to the government-sponsored enterprises.Read More
Pandemic-Related Forbearance is Dropping. Warning Lights Ahead? June 22, 2020 Paul Muolo Cowen Research: "The issue is what happens in August and September if the government permits expanded unemployment benefits to expire.” Read More
New Rez, AO Sued Over Aborted Non-QM Purchases. Others Targeted by the Plaintiff... June 22, 2020 Paul Muolo “It was a case of ‘we’re all in this together,’ until it wasn’t,” Shenkman said.Read More
Bill Ashmore's Vista Point Preps its First Non-QM MBS June 22, 2020 Brandon Ivey The $439.2 million deal was in the works before economic volatility from the coronavirus stalled activity...Read More
Home-Equity Debt Falls Below the $500 Billion Mark June 18, 2020 Paul Muolo Home-equity lending volume rose modestly in the first quarter to an estimated $49.0 billion...Read More
Caliber Affiliate Brings its Second Post-Volatility Non-QM MBS June 18, 2020 Brandon Ivey Lone Star Funds is the first non-QM MBS issuer to have a second deal in the market since activity resumed in May. Read More