Short Takes: Home Price Appreciation Stalls / Homebuilders Seek Repeal of Energy Efficiency Requirements / Expanded-Credit MBS From CrossCountry July 30, 2024 Brandon Ivey Prices were flat nationally in May, though they declined in four of nine regions across the country.Read More
Home Improvement, Fix-and-Flip Loans in New Securitizations July 26, 2024 Brandon Ivey Goldman has an ABS with home improvement loans and Kiavi Funding is offering a rated RTL securitization.Read More
Short Takes: Mr. Cooper’s Growth / Bank Regulators Reviewing Regulations / TransUnion Sees Higher Revenue on Lower Inquiries / Jumbo MBS From Morgan Stanley July 26, 2024 Brandon Ivey Mr. Cooper's servicing portfolio will hit an unpaid principal balance of $1.56 trillion following its acquisition of servicing from Flagstar Bank.Read More
Expanded-Credit MBS Issuance Up Slightly in 2Q July 25, 2024 James Dohnert Issuance grew 2.8% on a sequential basis to $9.62 billion in the second quarter of 2024.Read More
Short Takes: Servicer Satisfaction Improves / New Verification Offering From Equifax / PIMCO Quick With Non-QM MBS / New-Home Sales Level July 25, 2024 Brandon Ivey “Improvements in problem resolution and satisfaction with digital channels are the primary drivers of this year’s higher scores,” J.D. Power said of servicer satisfaction.Read More
Non-Agency MBS Issuance Increases in Second Quarter July 24, 2024 John Bancroft Much of the second-quarter gain came from securitization of home equity loans and deals backed by distressed mortgages.Read More
Short Takes: Purchase-Mortgage Applications Down / Housing Market Reaching Balance / Mix of Loans in MBS From Chimera July 24, 2024 Brandon Ivey A decline in interest rates wasn't enough to help push up applications of purchase mortgages last week.Read More
Short Takes: Positive Outlook for Acra / New Co-CEO at Dynex / NYCB Touts Simplified Business Model July 23, 2024 Brandon Ivey Non-QM lender Acra Lending has been profitable in the last three years.Read More
Citi Enters Jumbo MBS Market for First Time in 2024 July 22, 2024 James Dohnert The $507.9 million Citi deal includes loans originated by Rocket Mortgage and others...Read More
Short Takes: Tepid Home Price Appreciation / Early Look at Angel Oak REIT’s Earnings / Bipartisan Support in House on AI July 19, 2024 Brandon Ivey “Sellers are increasingly cutting prices to entice buyers struggling with affordability,” said Skylar Olsen, chief economist at Zillow.Read More