Court Rulings Could Alter Clean-Up Call Practices October 13, 2023 James Dohnert U.S. Bank, a major trustee in the non-agency MBS market, was looking for guidance from a New York court.Read More
Short Takes: CFPB and DOJ on Immigration Status / New HEI Securitization / Home Prices Up in Third Quarter October 13, 2023 Brandon Ivey and James Dohnert The CFPB and DOJ issued a statement on denials of credit based on an applicant's immigration status.Read More
A&D, Redwood Go Bigger With Latest Non-Agency MBS October 12, 2023 Brandon Ivey The latest non-agency MBS from A&D Mortgage and Redwood Trust are larger than the previous issuance by the firms.Read More
Temple View Plots Growth With Residential Transition Loans October 10, 2023 James Dohnert “The only kind of new supply coming out of the market in any scale is ground-up construction or refreshed housing products,” said Steven Trowern, the founder and principal of Temple View Capital.Read More
Short Takes: Regulators Looking for Specifics on Basel / Lenders Slightly Loosen Underwriting Standards / Non-QM Moves October 10, 2023 Brandon Ivey and James Dohnert In a speech Monday, Michael Barr largely defended the Basel proposal while also encouraging feedback to help with potential revisions.Read More
Non-Agency MBS Issuance Jumps 21% in 3Q23 October 9, 2023 James Dohnert The top three issuers of non-agency MBS in 3Q23: JPMorgan Chase, Onslow Bay Financial and Invictus Capital...Read More
Movement Mortgage Jumps Ahead With Newer FICO Model October 5, 2023 Brandon Ivey While FICO 10 T won't be used for GSE mortgages for some time, Movement will use the scoring model for non-agency mortgages.Read More
Short Takes: Rate Locks Decline / MBA’s PAC Grows / Das Lands at Pagaya / Another Large MBS From Invictus October 5, 2023 Brandon Ivey Rate locks were down across mortgage products in September, including a large drop in cash-out refis.Read More
Home Equity Lending Up 13% in 2Q23 October 2, 2023 Brandon Ivey The top three home equity lenders in 2Q23: Bank of America, Citizens Bank and PNC...Read More
Fitch Leads Non-Agency MBS Ratings in Second Quarter September 29, 2023 John Bancroft Fitch and DBRS weathered the sharp drop in rated non-agency MBS issuance better than their competitors.Read More
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