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So far Tom Shaw has created 23 blog entries.

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.

By |2020-07-16T10:16:15-07:00July 16th, 2020|Market Update|Comments Off on Market Update, Thursday, July 16, 2020

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.

By |2020-06-23T14:26:09-07:00June 19th, 2020|Market Update, Press|Comments Off on Lenders Broaden Non-QM offerings, Loosen Credit as market stabilizes, article by Debtwire​

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.

By |2020-06-12T12:56:53-07:00June 12th, 2020|Market Update|Comments Off on Market Update, Friday, June 12, 2020

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.

By |2020-06-23T14:25:46-07:00May 28th, 2020|Market Update, Press|Comments Off on Orphaned Non-QM Loans Moving with Securitizations Back, article by Debtwire​

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

By |2020-06-23T14:25:19-07:00April 22nd, 2020|Market Update, Press|Comments Off on LoanStream Included in Recent Non-QM Article by Debtwire​

Announcement: Initial Disclosures acknowledgement required prior to Submittal Milestone

The following will be required at Loan Set-Up prior to having a new loan application submitted into Underwriting (Submittal Milestone) for a credit decision effective on Wednesday, 04/22/20.

By |2020-04-22T09:47:51-07:00April 22nd, 2020|Announcements|Comments Off on Announcement: Initial Disclosures acknowledgement required prior to Submittal Milestone
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