Auto ABS Losses Defy Expectations April 12, 2019 Yemeng Yang Early figures on GM Financial's auto ABS transactions of the past two years show strong performance and lower losses than expected...Read More
PIMCO Issuing Non-Agency MBS Backed by Seasoned Mortgages April 11, 2019 Brandon Ivey It was rumored that PIMCO was considering issuing non-agency MBS backed by nonprime non-qualified mortgages but loans in the pending deal have seasoned for a number of years and the borrowers have prime credit...Read More
MetLife to Issue its First Non-Agency MBS Backed by Seasoned Mortgages April 10, 2019 Brandon Ivey After yeas of stockpiling whole loans, MetLife is set to issue a non-agency MBS backed by re-performing mortgages.Read More
Short Takes: Fannie and Freddie, Lenders of Last Resort? / Privately Held and Ranked Eighth / Caliber Settles with the Bay State / New American Jumps Into Non-QM Waters / A Tom Clancy-Like Warning April 10, 2019 Paul Muolo and Brandon Ivey
JPMorgan Chase Packing Prime Loans into its First Non-QM MBS April 9, 2019 Brandon Ivey All of the mortgages were originated by Chase, predominantly through the correspondent channel...Read More
Short Takes: No Docs Making a Comeback / Overcapacity Still a Problem, Says KBW / It’s All About Controlling Costs / loanDepot’s Hsieh Welcomes Zillow as a Competitor / Chief of Staff Miller Resigns at Treasury April 8, 2019 Paul Muolo Keefe, Bruyette & Woods says overcapacity in the mortgage industry continues to be a problem... Read More
First-Lien Holdings by Banks Head North April 4, 2019 Brandon Ivey New residential loans going into bank portfolios include mostly non-agency mortgages, with some exceptions…Read More
Jumbo Correspondent Channel Gains Market Share April 3, 2019 Brandon Ivey Strategies for jumbo originations vary among the top three producers, all of which are megabanks...Read More
Look Who’s Jumping Into the Non-QM Pool: JPMorgan Chase April 2, 2019 Brandon Ivey Up until now, JPMorgan has focused on securitizing QMs…Read More
Commercial Bank Reliant Jumps into the Non-QM Pond March 29, 2019 Paul Muolo At first, Reliant Bank will be an aggregator… Read More
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