Whole Loan Update 06/22/20

We hope everyone enjoyed a nice Father’s Day weekend. Non-QM Non-QM is back in action and has made a big recovery in the last couple weeks as the new issue, private label, market has repaired itself.  New deals are flowing, and spreads are tightening. We’re still not at levels that can spur on new production, but this activity has impacted …

Whole Loan Update 05/27/20

Here is an inspirational quote we want to share: “The struggles we endure today will be the “good old days” we laugh about tomorrow.” Aaron Lauritsen. A well-deserved, and needed, long weekend! Most of us didn’t hop on a plane to spend the long weekend at a beautiful beach, or a crowded resort, but, hopefully, you were able to get …

Whole Loan Update 05/05/20

Another week behind us and there is good news and bad news to report. Another rough week for the job market.  We hit 14.7% unemployment, the highest level since the Great Depression, with more job losses expected in the coming months. Consumer spending and sentiment have dropped commensurate with the increase in unemployment.  Black Knight reported 4.1 million loans in …

Whole Loan Update 04/27/20

Everyone has heard by now the big news regarding servicing advance facilities and the agencies now accepting delivery of loans (excluding cash out refinances) with forbearance requests but at a large cost.5% for first time home buyers and 7% for all other loans. This sets a mark for the industry relative to future trading in the secondary market.  We saw …

Whole Loan Update 04/20/20

In this week’s update, we address some of the questions asked over the past few weeks.  Here we go…….. I see so many pools from RAMS, does any of it trade?Over the last 45 days, we’ve marketed 262 pools with an aggregate UPB of approximately $4.7BB. We have traded ~23% of these pools.  We estimate that ~43% of these pools …

Whole Loan Update 04/10/20

We hope everyone had a nice holiday weekend.Another week behind us and more weeks of quarantine in front of us as California extended shelter at home until May 15. Tighter restrictions for all of us across America. We’ll try to keep it short and to the point as there is ample news, headlines, and content to keep everyone busy. Except …

Whole Loan Update 04/06/20

Happy Monday all, in case you forgot what day it is………. We work where we sleep, and we eat where we work. Every day is bring your kid to work day and everyday has become Wednesday. High stress andlong hours.  Over the last two weeks we have seen the de-levering of REITS, collapse of the agency specs and non- agency MBS markets. Non-QM got …

Whole Loan Update 03/26/20

We’re buried trying to get the number of offerings out and can only imagine what it must look like on. the receiving side of these emails, so we apologize and we’ll try to summarize below. Non QM – 15 pools ~$820mm                This sector is getting a lot of attention but struggling to find a clearing level. We’re battling “1 st in …

Whole Loan Update 03/24/20

Struggling to sleep these days and my work wife is about to kill me but here’s an what we can share, this morning.   We sent an email yesterday, some thought it was a little rosey but we did receive a lot of feedback on what buyers are still buying.  Keep in mind as we search for clearing levels in the …

Whole Loan Update 03/23/20

No need to highlight headlines here, and there’s plenty of negative things to point out, but that isn’t our role in the market.  Our role is to match buyers with sellers in good markets and bad. Some buyers have suspended bidding and prices have softened but there are trades that are getting done. Some sectors have been more challenged (Non …