Yields reflect averages of observed market pricing for the respective product types and time frames. 2024 Q1 data up through March 29, 2023. Source: RAMS Mortgage Capital for whole loan data; Bloomberg L.P. for benchmark rate data. This publication provides indicative prices and yields on mortgage assets for informational purposes only. The information contained herein is based on historical data …

For most non-bank originators, finding liquidity for jumbo loans has been difficult since the onset of the pandemic. Recently, Mortgage News Daily reported the jumbo market share shrank from 12.2% in Q3 of 2023 to just 10.6% in Q4 with the full year 2023 contracting to 12.0% down from 17.8% in 2022. With jumbo 30-year fixed rates consistently higher than …

Scratch & Dent continues to be one of our most active sectors by number of offerings, so we thought both buyers and sellers would benefit from an in-depth look into the current structure of the market. Attracted by deep discounts, the availability of supply, and the lack of supply in other products, institutional investor interest increased dramatically in Scratch & …

Congratulations! We have made it through another tumultuous year in the mortgage market. While 2023had its share of difficult moments, we are happy to see it end on a positive note with the trajectory of lower mortgage rates giving us all something to hope for – the prospect of higher volumes in 2024. We have come a long way in …

It’s late Q3 2023. Do you have a plan for valuing and managing your whole loan portfolio? As a sector, depositories are the largest non-government owners of MBS and mortgage whole loans, and higher interest rates have put most mortgages originated before 2022 at a market price discount. But this doesn’t mean that banks’ best course is to sit still …

Here’s to the end of a difficult and challenging 2022. December 31st may be just a date on the calendar, but Jan 1st is that magical day where we all get to reset our P&Ls to zero. They say a person can drown in a lake with an average depth of 2 feet. We think about this saying when we …

Where are we in whole loan land? Where are we going? We can answer the first question – Prices are lower, yields are trending higher, and liquidity comes at a premium. The second question generates more questions than answers. TBA prices have dropped more than ten points since the beginning of the year however non-TBA eligible loans execute into a much …

Things have been moving so fast we haven’t been able to get this market update out before today. Primary rates beginning of the year to today: Brutal second quarter for the mortgage market. Today, origination pipelines are down considerably, margins are being squeezed, margin calls are commonplace, thousands of employees have been laid-off, volatility is spiking, funds are managing redemptions, …

With all the market activity and volatility, it’s been difficult to get color out on the pools we’re marketing. Year to date, we’ve marketed 476 unique pools for $8.7BB. Below is color on 216 of those pools for ~$3.9BB. If you bid and are looking for more detailed color, please call. If you didn’t bid and are just receiving free …

We hope your 2022 is off to a great start! 2021 was a very busy year with record volumes and profitability for mortgage participants.  2022 has started off significantly different than 2021 with a big sell-off and a back-up in rates. We have a 40 year high in inflation and strong jobs reports leading into anticipated Fed tightening and tapering …