Mortgages Helped Bring Down Failed PA Bank April 29, 2024 Brandon Ivey At one point, Republic First’s mortgage unit focused on offering jumbo mortgages at below-market interest rates.Read More
California Court Decision Could Prevent Non-QM Loan Mods April 29, 2024 James Dohnert The case, Moon vs. Milestone Financial, involves an exception in California Civil Code section 1916.1...Read More
PIMCO Gets Into Second-Lien Securitization Market April 26, 2024 Brandon Ivey The $365.4 million deal is stocked with loans originated number a number of firms.Read More
Short Takes: Slight Increase in Pending Home Sales / Non-QM Performance Improves / Wells Expands Downpayment Grant Offering / Negative Outlook for Community Loan Servicing April 26, 2024 Brandon Ivey Elevated interest rates and limited housing inventory led to a tepid increase in pending home sales in March.Read More
Annaly Returns to Profitability in First Quarter April 25, 2024 Brandon Ivey The REIT bounced back after losses in the previous two quarters.Read More
Short Takes: High Inflation Reading / Home Prices Down in Some Cities / AmWest Partners With Ares / Carrington Adds ITIN Product April 25, 2024 Brandon Ivey “There was a surprisingly strong reading of core PCE inflation,” said Joel Kan, a vice president and deputy chief economist at the Mortgage Bankers Association.Read More
Achieve Offers Another HELOC Securitization April 23, 2024 James Dohnert Achieve Home Loans is expected to close a $170.1 million HELOC MBS later this month.Read More
Short Takes: Comment Deadline for Freddie Proposal / S&D MBS From loanDepot / Delinquencies Decline / Snapdocs a Leader in eClosing Timelines April 22, 2024 Brandon Ivey The deadline to comment on Freddie Mac's proposal to acquire second liens is May 22.Read More
Home Equity Securitization Growing, Led by Seconds April 19, 2024 Brandon Ivey Securitization of closed-end second liens more than doubled in the first quarter of 2024 compared with the previous quarter.Read More
Prime Jumbos, Expanded-Credit Mortgages Push Up MBS Issuance April 18, 2024 James Dohnert Non-agency MBS issuance totaled $16.90 billion in the first quarter, up 66.9% from the fourth quarter.Read More
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