For months the industry has been hearing plenty of talk about new entrants to the jumbo securitization market. The great irony of all this talk is that only one new jumbo MBS deal has come to market this year: a spring offering by Redwood Trust. However, we're starting to hear reports that some originators of jumbos are reluctant to sell their product into the secondary market because they like the yield on these nonconforming loans, many of which have downpayments of 20% or more. If you hear anything drop me a line at:
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The promotion offers rate cuts as much as 25 basis points on new-home purchases as well as rate-and-term and cash-out refinance loans from May 4 through May 17.
9h ago -
"In looking at eight currently available proprietary RM products, there is a distinct relationship between HECM growth rates and proprietary product availability," Reverse Market Insight said.
9h ago -
The top bullet point in Two Harbors' rejection notice is the Mizuho credit facility does not constitute committed financing for UWM to pay for the deal.
11h ago -
The combination adds to a wave of broader merger and acquisition activity that includes an ongoing bidding war over RoundPoint Mortgage owner Two Harbors
May 4 -
The litigants, with some of the industry's deepest pockets, may be filing the rare cases to flag and potentially punish bad brokers, one expert said.
May 4 -
Market watchers think Jerome Powell will maintain a low-key presence on the Fed board as he awaits the release of an inspector general report examining cost overruns at the central bank's headquarters.
May 1










