The key to implementing non-QM products

With the refi boom falling off and the margin compression happening to lenders nationwide, lenders are looking at non-QM to help fill in those gaps. Learn how to implement non-QM products here!

RealTrends 2021 Team Profitability Study

Brokerage firms have often speculated about how well teams perform from a profit and loss point of view, as well as how productive they are. In this research study, RealTrends answers these two big questions.

Proven Strategies for Accelerating eMortgage Adoption with Freddie Mac and Better

This webinar will cover how the industry is working to overcome challenges lenders experience in adopting eClosings. You’ll hear from industry leaders at Snapdocs, Freddie Mac and Better Mortgage. Register now!

Logan Mohtashami on existing home sales, mortgage rates

Today’s HousingWire Daily begins the Rundown miniseries where HousingWire’s Editor-in-Chief Sarah Wheeler and Lead Analyst Logan Mohtashami will talking about housing and economics every Monday.

Bond Insurer Quarterly Results Mixed as Ambac Stays Red, MBIA Profits

Stock prices of mortgage bond insurers Ambac Financial Group (ABK) and MBIA (MBI) swung in different directions today in response to mixed quarterly earnings reported after market close on Monday. Ambac reported a $57.6m net Q210 loss, narrowed from a $690.1m net Q110 loss and a $2.37bn net loss in the year-ago quarter. The company recorded significant loss and loss expenses related to insured residential mortgage-backed securities (RMBS). Net realized losses for the quarter relate to the counterparty settlement of the collateralized debt obligations of asset-backed securities (CDOs of ABS) portfolio announced in June. Ambac paid in the aggregate, $2.6bn of cash and $2bn of newly issued surplus notes to several counterparties to settle the $16.4bn of CDO of ABS exposure outstanding at that time. MBIA reported a net income of $1.3bn in Q210, up from a $895m net income in the year-ago quarter. “In the second quarter, we saw both our paid losses and new delinquencies on insured RMBS exposures continue to decline,” said MBIA president and CFO Chuck Chaplin. “In addition, more market participants are recognizing that many of the loans in these securitizations should never have been in them in the first place, and that the seller/servicers must repurchase them.” Ambac stock was trading down more than 20% and MBIA stock was trading up more than 6% earlier today. Write to Diana Golobay.

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Guaranteed Rate’s Shant Banosian clears $2B in originations in 2021

Guaranteed Rate’s Shant Banosian has topped his record-setting 2020 in a big way: year-to-date, the LO has funded a whopping $2 billion in total origination volume, the lender announced on Tuesday.

Nov 23, 2021 By
3d rendering of a row of luxury townhouses along a street

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