News Briefs October 20, 2023 James Dohnert NP launches new jumbo program; Kiavi closes $275 million RTL securitization; Xome launches investment property market educational game; SunWest debuts DSCR loan product.Read More
Jumbo MBS Sector Active at Start of Fourth Quarter October 19, 2023 James Dohnert New jumbo issuance from Chase, Goldman Sachs and Redwood Trust kick off the fourth quarter.Read More
Housing Inventory Expected to Remain Constrained October 13, 2023 James Dohnert Locked-in low interest rates and large amounts of tappable equity are compounding an already constricted housing market.Read More
Mortgage Fraud Risk Declines in 2023 October 13, 2023 James Dohnert Increased screening during underwriting helped mortgage fraud risk decline 3.1% compared to last year, according to CoreLogic.Read More
Chase, Wells Originations Down Slightly in Third Quarter October 13, 2023 James Dohnert Chase and Wells Fargo reported a slight dip in overall mortgage originations in the third quarter of this year.Read More
Court Rulings Could Alter Clean-Up Call Practices October 13, 2023 James Dohnert U.S. Bank, a major trustee in the non-agency MBS market, was looking for guidance from a New York court.Read More
Short Takes: CFPB and DOJ on Immigration Status / New HEI Securitization / Home Prices Up in Third Quarter October 13, 2023 Brandon Ivey and James Dohnert The CFPB and DOJ issued a statement on denials of credit based on an applicant's immigration status.Read More
New York Court Ruling Impacts MBS Clean-Up Call Practices October 12, 2023 James Dohnert In a case that could have far-reaching effects on MBS investors, a New York judge ordered a servicer to recalculate clean-up call termination prices to include deferred payments.Read More
DBRS Gives More Credit to Private MI in MBS Analysis October 12, 2023 James Dohnert Revised rating methodologies by DBRS and other rating services could lead to mortgages with private MI going into non-agency MBS.Read More
Fix-and-Flips Make Up Growing Portion of Home Sales October 12, 2023 James Dohnert Smaller real estate investors are playing a larger role in the housing market as inventory fails to keep up with demand.Read More