Jumbo Production Rises, JPM the Market Leader August 30, 2023 James Dohnert The top five jumbo producers for the first half of the year: JPMorgan, Wells Fargo, BofA, U.S. Bank and Citi...Read More
Cost-Cutting in the Non-QM Sector: Nothing is Off the Table August 29, 2023 James Dohnert When it comes to cutting origination costs, nothing is sacred, noted one CEO...Read More
Change Lending Reportedly Loses CDFI Designation August 28, 2023 James Dohnert While Change Lending is no longer on the list, its parent company, The Change Company CDFI, remains...Read More
Court Ruling Could Alter Non-Agency Clean-Up Call Practices August 24, 2023 James Dohnert The lawsuit focused on whether $75 million of deferred principal payments owed by borrowers who had entered into loan modification programs following the 2008 financial crisis should factor into the clean-up call price of MBS held by Deutsche Bank.Read More
Short Takes: Recession or Soft Landing? / SoftBank Reduces Funding for Better / Jumbo Reverse Mortgage MBS August 24, 2023 Brandon Ivey Whether it's a mild recession or a soft landing, it won't make much difference to home sales, according to economists at Fannie.Read More
Visio Ramps Up MBS Issuance With DSCR Loans August 22, 2023 Brandon Ivey Visio-Beach Point Mortgage Trust is marketing a $191.6 million non-agency MBS.Read More
Shellpoint Loses Some Share in Non-Agency MBS Servicing August 17, 2023 James Dohnert Shellpoint handled servicing on $3.10 billion in non-agency MBS issued in the second quarter of this year, a 33.2% decline from the previous quarter.Read More
Change Moves Faster with Latest MBS August 17, 2023 James Dohnert Mortgages in the new non-QM MBS from Change have seasoned for an average of just one month.Read More
UBS Settles with DOJ on Pre-2008 Claims August 15, 2023 Brandon Ivey The DOJ alleged that UBS misled investors in 40 non-agency MBS, violating the Financial Institutions Reform, Recovery and Enforcement Act.Read More
Short Takes: New-Home Loan Applications Level Off / New REIT for Roc / Another Pivot for Altisource Asset Management? August 15, 2023 Brandon Ivey Altisource Asset Management shifted in recent years from asset management to aggregating non-agency mortgages. Another shift could be in the works...Read More