MetLife to Issue its First Non-Agency MBS Backed by New Production November 23, 2020 Brandon Ivey At the end of June, the the insurance giant laid claim to a residential whole-loan portfolio totaling $17.2 billion... Read More
After a Lull in the Action, Two Non-Agency Deals Arrive on the Horizon November 20, 2020 Brandon Ivey After a three-week lull in deals, JPMorgan Chase and American Mortgage Investment Partners Management are marketing new non-agency MBS.Read More
Annaly Increases Credit Investments November 19, 2020 Brandon Ivey Annaly issued $1.0 billion of non-agency MBS during the third quarter, depleting its whole-loan holdings...Read More
Impac CEO: GSE Loans (Currently) Offer Strong Margins, Better Than Non-QMs November 18, 2020 Brandon Ivey George Mangiaracina: “Without getting into specifics ... margins are 50% better in GSE than they are non-QM.”Read More
Heading South: Mortgage Forbearance Readings November 16, 2020 Paul Muolo On Friday, Black Knight Financial released its forbearance tally, finding a 121,000 unit decline for the seven-day period ending Nov. 13.Read More
Jumbo Lending Flat in 3Q20 as Rate Spread Widens November 15, 2020 Brandon Ivey Though jumbo volume remained stable, the sector lost market share as the conventional refinance business continued to boom.Read More
Velocity Increases Income in 3Q, But Cuts Staff November 12, 2020 Brandon Ivey The fix-and-flip lender relaunched production in September but doesn't expect originations to return to pre-COVID levels until the second quarter of 2021. Read More
MFA Reducing Non-QM Funding Costs with MBS Issuance November 5, 2020 Brandon Ivey Non-QM MBS issuance is helping MFA get out of a hole after market volatility in the spring forced the REIT to take on a loan with costly terms. Read More
Chimera Posts Profit for 3Q, Shifts Away from Agency Investments November 4, 2020 Brandon Ivey Agency MBS accounted for 25% of Chimera's portfolio at the end of 2019 and only 1% as of the end of September.Read More
Prime Non-Agency MBS in 3Q20 Fueled by UWM, Depositories November 3, 2020 Brandon Ivey Quicken Loans and loanDepot were the other nonbanks among the top five sources of collateral for these deals... Read More