First Republic: Rough Times Ahead for Lending Margins November 2, 2022 Brandon Ivey In a nutshell, the problem is margin compression, not credit...Read More
Increasingly, Fannie and Freddie are Sticking to Core Activities November 1, 2022 Brandon Ivey Noncore business at the GSEs is declining due to both diminished demand and a change in pricing policies made by the FHFA...Read More
Expanded-Credit MBS Issuance Off by Almost 20% October 31, 2022 Brandon Ivey Angel Oak ranked second with EC MBS issuance of $579.6 million...Read More
Redwood Limiting Acquisitions of Jumbo Mortgages October 28, 2022 Brandon Ivey Redwood's jumbo business operated at near a break-even level in the third quarter, though there wasn't much business to speak of.Read More
Coming Soon: Layoffs and Branch Closings at Finance of America October 21, 2022 Paul Muolo FoA recently sent a “branch offboarding information” form to all its branch managers, setting the table for large-scale cutbacks.Read More
ABS East Coverage: Non-QM Players Expect ‘Pain’ to Last a While October 19, 2022 Brandon Ivey Angel Oak believes non-QM originations and demand from MBS investors will be suppressed through mid-2023...Read More
Despite Closure, Sprout Mortgage Still Active in the Secondary Market October 19, 2022 Paul Muolo Meanwhile, Sprout was recently sued by a subsidiary of title insurance giant First American Financial Corporation...Read More
Prime Non-Agency MBS Issuance Craters in 3Q22 October 18, 2022 Brandon Ivey Lenders are still originating plenty of mortgages that back prime non-agency MBS — it’s just that the loans are residing elsewhere...Read More
Non-Agency MBS Market Runs Aground in 3Q22 October 14, 2022 John Bancroft It was the steepest decline since COVID, when production plummeted 45.1% in the second quarter of 2020.Read More
A 34% Production Decline at First Republic October 14, 2022 Brandon Ivey The bank's originations lean heavily toward jumbos...Read More
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