Lenders Bring Buydowns to Non-QMs September 8, 2023 James Dohnert After finding success in the agency space, lenders are testing buydowns in the non-QM market.Read More
Nonprime Servicing Portfolios See Steady Growth in 2Q September 8, 2023 James Dohnert Select Portfolio Servicing continued to dominate the sector in the second quarter. (Includes data chart.)Read More
Altisource Loses CEO, Will Stick With Non-QMs September 8, 2023 James Dohnert Altisource Asset Management reaffirmed its commitment to the non-QM space after the resignation of its CEO Jason Kopcak.Read More
Expanded-Credit MBS Issuance Picks Up Steam September 8, 2023 James Dohnert Six expanded-credit MBS started marketing within the past two weeks. There’s also a rare prime non-agency deal in the market.Read More
News Briefs September 8, 2023 James Dohnert Acra Lending updates guidelines; DBRS ready to rate securitizations of residential transition loans; Moody’s reaffirms ratings for Redwood Trust; MISMO updates implementation guide for home equity eNotes.Read More
M&A Activity in the Secondary Market Ticks Up September 7, 2023 James Dohnert The increase in activity can be attributed to higher interest rates and liquidity concerns.Read More
Bayview Courts Insurers With New Asset Management Unit September 7, 2023 James Dohnert The new insurance asset management unit is being led by former MetLife executive Nancy Mueller-Handal.Read More
Cerberus to Acquire Home Equity Lender Spring EQ September 7, 2023 James Dohnert Spring EQ founder and CEO Jerry Schiano will continue to lead the firm alongside the company’s current management team.Read More
Wide Range in eClosing Adoption Among Lenders September 6, 2023 James Dohnert Some of SnapDocs’ clients have embraced eClosings for 70% to 80% of their loans, while others have been slower on the uptake.Read More
Encompass Expands Texas Operations With New Acquisition September 1, 2023 James Dohnert Encompass Lending expands Texas operations with new acquisition.Read More