Few Defaults on Home Equity Investments September 3, 2024 Brandon Ivey Defaults on home equity investment contracts can occur if the borrower’s mortgage is foreclosed on or if the borrower fails to maintain payments for taxes and insurance on the home.Read More
Short Takes: Lenders Urged to Support YIMBY Bill / Unlock Raises Funds / FHFA Tech Spring Award Winners September 3, 2024 Brandon Ivey The Mortgage Action Alliance issued a call to action to support H.R. 3507, the Yes in My Backyard Act.Read More
A&D Mortgage Closes Fourth Non-QM MBS of 2024 August 30, 2024 James Dohnert The loans backing the security were originated by A&D or its third-party correspondents.Read More
Short Takes: Starter Homes Getting More Costly / MBA Finds Affordability Improving Slightly / Mystery Shopper Study Finds Chase Has Lowest Rates August 30, 2024 James Dohnert Redfin reports that starter homes are 4% costlier than last year while the MBA says overall homebuyer affordability improved in the short term.Read More
Angel Oak Preps Eighth MBS of 2024 August 29, 2024 James Dohnert The new $413.41 million MBS includes loans underwritten to bank statements and debt service coverage ratios.Read More
SPS’ Presumed Buyer — Who Are These Guys? August 28, 2024 Paul Muolo and Brandon Ivey “They’re probably getting it at a good price,” said one nonprime executive...Read More
Short Takes: Sparrow Partners With Calque / Workday, Equifax Team for Employment Verification / Zombie Foreclosures on the Decline / FTC Noncompete Ban Blocked by Judge August 23, 2024 James Dohnert The new Sparrow/Calque product would allow borrowers to tap home equity to purchase a new home before they sell the current one.Read More
Short Takes: Delinquencies Increase in Houston Following Hurricane / HELOC Delinquencies / Housing Inventory Limited / PIMCO’s Latest Non-QM MBS August 22, 2024 Brandon Ivey Hurricane Beryl prompted an estimated 10,000 new delinquencies in the Houston area in July, according to ICE.Read More
All Systems Go on Acra’s First MBS Deal August 21, 2024 Paul Muolo To this point, Acra has contributed to MBS from others and sold off its non-QM production as whole loans.Read More
Jumbo Servicing Portfolios Level in 2Q August 21, 2024 James Dohnert Chase remained the top servicer in the group, handling $326.90 billion of jumbos as of the end of June.Read More
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