Jumbo Denial Rates Steady as Originations Decline July 6, 2023 James Dohnert The denial rate on applications for jumbo mortgages was 11.9% in 2022.Read More
Solace in ARMs? Not Quite. Originations Down 38% July 5, 2023 James Dohnert First Republic Bank — now the property of JPMorgan Chase — was the top originator of ARMs in 1Q23...Read More
Acra’s Non-QM Business Viewed as ‘Stable’ by DBRS June 30, 2023 Brandon Ivey Acra Lending has turned a profit in six of the past seven years.Read More
Western Asset’s REIT to Merge With Terra Property Trust June 28, 2023 Brandon Ivey Western Asset Mortgage Capital's investments in residential assets will be sold off, with the capital going toward commercial assets.Read More
Chase Helping to Boost Second-Lien Securitization June 28, 2023 Paul Muolo Issuance of securitizations with second liens in 2023 has already surpassed the volume seen in all of 2022.Read More
Short Takes: Applications Up Slightly / New Non-QMs at UWM / Chase Expands Grant Offering / TX Bank to Resume Lending / Angel Oak REIT’s MBS June 28, 2023 Brandon Ivey Purchase mortgage application levels are still well below the activity seen at this time last year.Read More
Short Takes: A Rare Jumbo MBS / Data Standardization / Delinquencies Decline / Home Price Outlook June 23, 2023 Brandon Ivey Only two jumbo MBS hit the market in a 30-day span. Both were from Chase...Read More
Correspondent Share of Jumbo Lending Declines June 22, 2023 James Dohnert The retail channel gained market share in the jumbo sector as Wells retreated from correspondent lending.Read More
Chase Aggregates HELOCs From Nonbanks for Securitization June 22, 2023 Brandon Ivey HELOCs originated by United Wholesale Mortgage, loanDepot and others are going into a securitization from Chase.Read More
DSCR Lenders Turn to Lower-Ratio Loans June 21, 2023 James Dohnert Some lenders note that they’re comfortable approving DSCR loans with ratios of less than 1.0 due to expectations that rents will rise.Read More
RSS