JMP Securities has a “market perform” rating on Impac Mortgage, the publicly traded nonbank that’s trying to carve out a space for itself in the non-QM sector but can’t resist the temptation of reaching for GSE refis...
In their petition for a writ of certiorari, the shareholders said the Fifth Circuit afforded them no relief from their injuries and the “petitioners are thus not ‘prevailing parties’ in any meaningful sense.”
Former Freddie CEO Don Layton took issue with the plan’s basic premise that if the footprint of the GSEs shrinks, private capital will move in to take up the slack...