Jumbo Lending Jumps at First Republic in Second Quarter July 13, 2021 Brandon Ivey The bank increased its mortgage originations by 26% quarter-over-quarter.Read More
Finally: GSEs and Non-Agency MBS Now on Level Playing Field with QMs July 9, 2021 Brandon Ivey The hope is that the non-agency market will now be on closer to equal footing with the GSEs in terms of compliance burdens relating to the CFPB...Read More
Non-Agency MBS Issuance Hits Post-2009 Record in 2Q21 July 6, 2021 Brandon Ivey Issuance of non-agency MBS jumped by more than 80% on a sequential basis in the second quarter of 2021.Read More
Short Takes: Home Price Appreciation at 2005 Levels / Forbearance Rate Flat / Many Borrowers Extending / Saluda Grade Capital Raise July 6, 2021 Brandon Ivey Annual home price appreciation in May hit a level last seen in 2005...Read More
Jumbo Correspondent Production Booms... June 30, 2021 John Bancroft Correspondent production of jumbos spiked 53.3% from 4Q20 to 1Q21, fueling a 2.6% increase in total jumbo lending.Read More
Angel Oak Boosts Volume with Latest Non-QM MBS June 30, 2021 Brandon Ivey The $303 million deal is the third MBS from Angel Oak this year and the largest of the three.Read More
Wells Fargo Tosses Personal Credit Lines Overboard June 29, 2021 Paul Muolo When it comes to lending products, the 'Stagecoach" is lightening its load...Read More
Citi and PennyMac Partner on Non-Agency MBS with GSE-Eligible Loans June 29, 2021 Brandon Ivey The MBS will be the first from Citi with GSE-eligible loans and it marks PennyMac's return to the sector after years away.Read More
With the Calabria Era Over, Lenders Seek to Overturn Controversial GSE Moves June 24, 2021 Paul Muolo and Dennis Hollier Asked whether the administration would acquiesce on the changes, CHLA Director Scott Olson — a former denizen of Capitol Hill — said he’s “somewhere between hopeful and confident.”Read More
The Second-Lien Slump Continues... June 24, 2021 It’s not uncommon for home-equity lending to take a back seat when first-lien refinancing is running hot but the refi market appears to be waning...Read More
RSS