A 1Q23 Profit for Sachem, Lender ‘Selectively’ Looking for Opportunities May 15, 2023 Paul Muolo Although the REIT posted a profit, its share price is a few ticks above its 52-week low of $3.16...Read More
Jumbo Correspondent Sales Down in 2022 May 11, 2023 James Dohnert Sales of jumbos in the correspondent channel fell by 50.9% on an annual basis in 2022.Read More
Non-QMs an Option for Borrowers in Cannabis Industry May 10, 2023 James Dohnert While many states have approved of cannabis sales, it's still considered a Schedule I substance on the federal level.Read More
As Banks Falter, Annaly Sees an Opportunity in Jumbos, EC... May 8, 2023 James Dohnert Annaly was the largest nonbank issuer of prime jumbo and expanded-credit MBS in 2022...Read More
Angel Oak’s REIT Breaks Even in First Quarter May 4, 2023 James Dohnert Resuming purchases of newly originated loans and taking part in a January securitization, Angel Oak Mortgage experienced a slight boost to start the year.Read More
Short Takes: Rate Locks Slow / TD Bank-First Horizon Merger Off / Black Knight’s Margin / Annaly Stocks GSE IPLs in Non-Agency MBS May 4, 2023 Brandon Ivey Locks for both purchase mortgages and refinances declined.Read More
Short Takes: JPM, First Republic and Jumbos / Home Prices Increasing / Change in Non-QM Performance / Another Servicer Slated for Sale / Cook's Comp May 2, 2023 Brandon Ivey and Paul Muolo Chase isn’t going to follow First Republic’s jumbo-lending model.Read More
JPM Takes Control of First Republic in Federally Assisted Deal May 1, 2023 James Dohnert Among mortgage servicers, FRB ranked 22nd, according to Inside Mortgage Finance.Read More
Redwood Sees Jumbo Opportunity as Banks Suffer April 28, 2023 James Dohnert Redwood Trust anticipates that more jumbos will flow through its conduit as liquidity becomes a significant concern for some regional banks.Read More
Short Takes: Jumbos: Selling vs Holding / Interest Rate Trends / FHA and Flood Insurance April 28, 2023 Brandon Ivey There are some benefits to selling jumbos into the secondary market rather than holding the loans in portfolio.Read More
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