Good news for Jumbo MBS - lenders make borrowers source bank deposits of 25 cents!
Jumbo Mortgages
Loan approvals are getting more strict, not less.
Originations linkfest: must-read mortgage and housing stories...
Romney's American Dream is to be president. A voter's American Dream is to own a home. It's totally unacceptable that the voter has to disclose more to realize his dream.
Critical insights on locking in mortgage rates.
How investors and lenders view home affordability can help you make decisions.
What Bieber's jumbo mortgage woes tell us about state of non-agency MBS
The market for jumbo mortgage bonds not backed by Fannie/Freddie still slim. But here's a new sign of life.
[Critical Loan Limit Update on 11/18/2011] The U.S. Senate voted 60-38 yesterday to restore higher loan limits. This would raise the cap on Fannie, Freddie, FHA loans from the existing $625,500 (or lower depending on region) back to $729,750. Limits were just reduced to $625,500 as of October 1. The vote was on an amendment
Investors in mortgage-backed securities are keenly interested in the prepayment speeds of new and old securities – why would someone pay a 3 point premium for a loan that is going to pay off in 4 months? Analysts expect that prepayment speeds across the various non-agency (aka non-Fannie/Freddie) sectors should increase as mortgage rates continue
For those out there rooting for the non-agency (jumbo) market to come roaring back, there is a step in the right direction. Pricing engine Optimal Blue has released Redwood Trust’s Jumbo Fixed and ARM products. Redwood has seen a solid increase in their number of clients, percentage-wise, in the last year, and with good reason.
For those out there rooting for the non-agency (jumbo) market to come roaring back, there is a step in the right direction. Pricing engine Optimal Blue has released Redwood Trust’s Jumbo Fixed and ARM products. Redwood has seen a solid increase in their number of clients, percentage-wise, in the last year, and with good reason.
One of my colleagues Brandon Hoyles sent me this picture of a crowd outside his office last week…
Mortgage loans have three rate tiers: (1) lowest rates for conforming loans up to $417,000, (2) .125% to .25% higher than tier 1 for super-conforming loans from $417,000 to $729,750, (3) .125% to .375% higher than tier 2 for jumbo loans above $729,750. The first two rate tiers are lower because Fannie Mae and Freddie
[Latest in our ‘Future of Mortgages’ series] A few years ago, REITs that bought and sold residential mortgage securities were very much off the radar screen. But times change and according to DealLogic, of the nine new REITs with IPOs planned this year, seven will invest in mortgage backed securities (often referred to on this
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