Lenders Turn to Technology to Cut Costs and Streamline Operations August 18, 2023 James Dohnert Lenders are entering cost-cutting mode and looking to leverage new technologies to lower overhead while streamlining operations.Read More
Non-QM Lenders See Strong Demand for Whole Loans August 17, 2023 James Dohnert Non-qualified mortgage lenders are increasingly opting for whole-loan sales given the demand from insurance companies, among others.Read More
Court Ruling Could Impact Clean-Up Call Activity August 17, 2023 James Dohnert A court ruling in California may have far-reaching consequences for the way non-agency MBS clean-up call prices are calculated.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
Banks Pull Back on Mortgage Lending, Pinching Profits August 15, 2023 James Dohnert While curtailing lending can help banks conserve capital, Moody’s Investors Service warned that the strategy could backfire.Read More
A Commanding NA MBS Market Share for UWM August 14, 2023 James Dohnert Among the top 10 contributors to such securities, just one was a federally insured depository: PrimeLending.Read More
UWM Originations Drive Prime Non-Agency MBS Market in 2Q August 11, 2023 James Dohnert United Wholesale Mortgage accounted for a large portion of the prime non-agency MBS issued in the second quarter. Overall, issuance remained subdued. (Includes three data charts.)Read More
MFA Posts Loss in 2Q Due to Portfolio Markdown August 11, 2023 James Dohnert MFA Financial reported a loss in the second quarter of 2023 even though the REIT saw strong growth in business-purpose lending.Read More
AGMIT Profit Shrinks in 2Q; REIT Set to Acquire WAMC August 11, 2023 James Dohnert On completion of the merger, AGMIT and WAMC will have a combined investment portfolio of $5.7 billion, largely made up of non-agency mortgages.Read More