LoanStream Continues to Break Barriers and Releases New Proprietary Products
Non-QM lenders have been dropping interest rates rapidly this month as they seek an edge in meeting the demands of aggregators and bond investors, according to four lenders.
Ellie Mae Document Management Issue Resolved
Ellie Mae Document Management Issue
Change to TPO Document Uploads
THIS HAS BEEN RESOLVED. Due to an Ellie Mae Global Issue with Document Uploads, LoanStream has enabled our Native Document Tab and disabled our former Documents Management Tab
Change to TPO Document Uploads
THIS HAS BEEN RESOLVED. Due to an Ellie Mae Global Issue with Document Uploads, LoanStream has enabled our Native Document Tab and disabled our former Documents Management Tab
Market Update, Thursday, July 16, 2020
Bond prices are slightly improved this morning as treasury yields have decreased in early trading. The 10-year U.S. Treasury is currently yielding 0.600%. Initial jobless claims came in at 1.3 million for the week ending July 11.
Lenders Broaden Non-QM offerings, Loosen Credit as market stabilizes, article by Debtwire
The revival of non-QM securitizations is helping to start a chain reaction of whole loan sales and the return of more originators.Recent deals from Angel Oak, Invictus Capital Partners, and Starwood Property Trust showed that investors are backing off the worst-case scenarios for the non-agency loans as the nation struggles with the COVID-19 pandemic, said two investors.
Market Update, Friday, June 12, 2020
Mortgage origination volume came in at $8.77B, higher than the five-day average of $8.19B.
In yesterday’s Federal Reserve MBS Purchase Operations, the Fed purchased, $720M FNCL 2.0%, $1.756B FNCL 2.5%, and $474M FNCL 3.0%. In Agency 15-year, the Fed purchased $1.122B FNCI 2.0%, and $453M FNCI 2.5%. Federal Reserve MBS purchase operations scheduled for today include 30-year Ginnie Mae MBS 2.5% and 3.0%, totaling $1.5744B, and 30-year Uniform MBS 2.0-3.0%, totaling $2.977B.
Orphaned Non-QM Loans Moving with Securitizations Back, article by Debtwire
The revival of non-QM securitizations is helping to start a chain reaction of whole loan sales and the return of more originators.Recent deals from Angel Oak, Invictus Capital Partners, and Starwood Property Trust showed that investors are backing off the worst-case scenarios for the non-agency loans as the nation struggles with the COVID-19 pandemic, said two investors.
Announcement: Lock Policy Update
Please note that we have relaxed our temporary policy to allow locks once the loan has been submitted and the initial disclosures have been reviewed and fully acknowledged by the borrower. Feel free to contact your AE with any questions.
LoanStream Included in Recent Non-QM Article by Debtwire
Lenders including LoanStream Mortgage, ACC Mortgage and First National Bank of America have maintained a non-QM presence, albeit with significant tightening of underwriting guidelines and higher rates. Notable for the lenders whose loans are often destined for portfolios is a marked drop in available loan-to-value ratios, to 70% or 75%, from levels as high as 95% for borrowers with compensating
