MBS

ICE Mortgage Monitor: First-Time Homebuyers Make Up Record 47% of GSE Purchase Loans, 39% of All GSE Securitizations in 2023

Retrieved on: 
Monday, March 4, 2024
Professional Services, Data Analytics, Residential Building & Real Estate, Finance, Construction & Property, Fintech, Intercontinental Exchange, ICE, Intercontinental, MBS, FHA, Housing, Real estate

Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations.

Key Points: 
  • Looking back, last year’s market was dominated by purchase lending, with loans to buy homes making up 82% of a historically low number of originations.
  • While it remains a tough market for prospective purchasers, our eMBS agency securities database revealed that first-time homebuyers actually made up 55% of all agency purchase mortgages last year.
  • They made up 39% of all GSE securitizations in 2023 – 12 percentage points higher than any other vintage in the past decade.
  • The market in which these folks purchased their first home was one of record house prices, ballooning down payments, rising rates and elevated DTIs.

Cardinal Financial Works with FICO to Offer First VA Mortgage-Backed Security Decisioned on FICO® Score 10 T

Retrieved on: 
Monday, February 26, 2024
Technology, Other Professional Services, Finance, Consumer, Consulting, Veterans, Banking, Professional Services, Defense, Other Communications, Software, Data Analytics, Other Consumer, Communications, Cardinal, Capital market, MBS, Organization, Movement, Partnership, Credit

FICO , a leading analytics software firm, has announced that mortgage leader Cardinal Financial (Cardinal) is the latest in the movement to adopt FICO® Score 10 T for non-conforming mortgage loans.

Key Points: 
  • FICO , a leading analytics software firm, has announced that mortgage leader Cardinal Financial (Cardinal) is the latest in the movement to adopt FICO® Score 10 T for non-conforming mortgage loans.
  • As part of this, Cardinal will integrate FICO® Score 10 T into its proprietary loan origination software, Octane®, to provide an enhanced valuation of the company’s portfolio.
  • FICO Score 10 T can help lenders better manage credit risk and default rates while extending competitive credit offers to consumers.
  • “With the adoption of FICO® Score 10 T, Cardinal Financial is proactively enhancing its operations to better serve its customers by using the most predictive FICO Score model in the market today,” said Julie May, vice president and general manager of Scores at FICO.

Angel Oak Capital Advisors Completes Conversion of Two Mutual Funds to ETFs

Retrieved on: 
Tuesday, February 20, 2024
Finance, Consulting, Banking, Accounting, Professional Services, Name, ETF, AUM, MBS, CARY, Angel, RMBS, Financial adviser

Angel Oak Capital Advisors, LLC , an investment management firm that specializes in value-driven structured credit investing, announced the completed conversions of two of its mutual funds to exchange-traded funds.

Key Points: 
  • Angel Oak Capital Advisors, LLC , an investment management firm that specializes in value-driven structured credit investing, announced the completed conversions of two of its mutual funds to exchange-traded funds.
  • The Angel Oak High Yield Opportunities Fund, which, as of 1/31/24, received a 5-Star Overall Morningstar Rating based on risk-adjusted returns out of 614 high yield bond funds, and the Angel Oak Total Return Bond Fund are ETFs as of February 16.
  • The funds’ new names are Angel Oak High Yield Opportunities ETF (NYSE: AOHY) and Angel Oak Mortgage-Backed Securities ETF (NYSE: MBS), respectively.
  • The conversion underscores the positive momentum for Angel Oak’s ETF platform since launching in November of 2022.

MFA Financial, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024
Residential Building & Real Estate, Construction & Property, Professional Services, Finance, Internet, MFA, Risk management, Transition, MBS, Agency, GAAP, UPB, Eastern Time Zone, REO, SFR, Textile

MFA Financial, Inc. (NYSE:MFA) today provided its financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • MFA Financial, Inc. (NYSE:MFA) today provided its financial results for the fourth quarter and full year ended December 31, 2023.
  • Fourth Quarter 2023 Financial Results:
    MFA generated GAAP net income for the fourth quarter of $81.5 million, or $0.80 per basic and $0.76 per diluted common share.
  • MFA estimates the net effective duration of its investment portfolio at December 31, 2023 declined to 0.91 from 1.05 at September 30, 2023.
  • MFA Financial, Inc. plans to host a live audio webcast of its investor conference call on Thursday, February 22, 2024, at 11:00 a.m. (Eastern Time) to discuss its fourth quarter 2023 financial results.

ARKEMA will be attending this year's JEC edition with A unique portfolio of materials for Composites STAND 5T40 - HALL 5

Retrieved on: 
Thursday, February 29, 2024
CHIPS, UD, Nylon 11, Urbanization, Additive, Accounting, Volatile organic compound, Adhesive, SMART, MBS, FIT, Advanced Materials, FUTURE, SMC, SMP, Hydrogen, MMA, Composite, WW, Water, LPA, Science, Recycling, Semiconductor, BMC, Thermoplastic

PI films are used in various industries, including smart devices, electric vehicles, semiconductors, displays, aerospace, and industrial applications.

Key Points: 
  • PI films are used in various industries, including smart devices, electric vehicles, semiconductors, displays, aerospace, and industrial applications.
  • UNLEASHING THE FUTURE WITH ARKEMA'S UDX® TAPES - Arkema is proud to present a range of semi-finished composite products under the UDX® brand.
  • Building on its unique set of expertise in materials science, Arkema offers a portfolio of first-class technologies to address ever-growing demand for new and sustainable materials.
  • The Group reported sales of around € 11.5 billion in 2022, and operates in some 55 countries with 21,100 employees worldwide.

ARKEMA will be attending this year's JEC edition with A unique portfolio of materials for Composites STAND 5T40 - HALL 5

Retrieved on: 
Thursday, February 29, 2024
CHIPS, UD, Nylon 11, Urbanization, Additive, Accounting, Volatile organic compound, Adhesive, SMART, MBS, FIT, Advanced Materials, FUTURE, SMC, SMP, Hydrogen, MMA, Composite, WW, Water, LPA, Science, Recycling, Semiconductor, BMC, Thermoplastic

PI films are used in various industries, including smart devices, electric vehicles, semiconductors, displays, aerospace, and industrial applications.

Key Points: 
  • PI films are used in various industries, including smart devices, electric vehicles, semiconductors, displays, aerospace, and industrial applications.
  • UNLEASHING THE FUTURE WITH ARKEMA'S UDX® TAPES - Arkema is proud to present a range of semi-finished composite products under the UDX® brand.
  • Building on its unique set of expertise in materials science, Arkema offers a portfolio of first-class technologies to address ever-growing demand for new and sustainable materials.
  • The Group reported sales of around € 11.5 billion in 2022, and operates in some 55 countries with 21,100 employees worldwide.

2024 Altair Enlighten Award Open for Entries

Retrieved on: 
Tuesday, February 20, 2024
Cloud, Engineering, Google Cloud, Student, Carbon footprint, JLR, Center for Automotive Research, Green, GM, MBS, ALTR, Safety, BMW, SGMW, SAIC, Ford, Organization, Ferrari, Harley-Davidson, SAE, Recycling, Water, Automotive engineering, Renewable energy

TROY, Mich., Feb. 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that the 2024 Altair Enlighten Award is now open for submissions. Presented annually in conjunction with the Center for Automotive Research (CAR), the award honors the greatest sustainability and lightweighting advancements that reduce carbon footprint, mitigate water and energy consumption, and leverage material reuse and recycling efforts.

Key Points: 
  • Award spotlights the automotive industry's finest innovations in sustainable, lightweight design
    TROY, Mich., Feb. 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that the 2024 Altair Enlighten Award is now open for submissions.
  • The Altair Enlighten Award, honoring the greatest sustainability & lightweighting advancements, is open for submissions.
  • An award that garners interest from industry, engineering, policymakers, educators, students, and the public alike, the Altair Enlighten Award showcases the latest and greatest technology innovations dedicated to sustainability.
  • Media partners for the 2024 Altair Enlighten Award include SAE, Automotive Engineering, Tech Briefs, and Automobil Industrie.

2024 Altair Enlighten Award Open for Entries

Retrieved on: 
Tuesday, February 20, 2024
Cloud, Engineering, Google Cloud, Student, Carbon footprint, JLR, Center for Automotive Research, Green, GM, MBS, ALTR, Safety, BMW, SGMW, SAIC, Ford, Organization, Ferrari, Harley-Davidson, SAE, Recycling, Water, Automotive engineering, Renewable energy

TROY, Mich., Feb. 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that the 2024 Altair Enlighten Award is now open for submissions. Presented annually in conjunction with the Center for Automotive Research (CAR), the award honors the greatest sustainability and lightweighting advancements that reduce carbon footprint, mitigate water and energy consumption, and leverage material reuse and recycling efforts.

Key Points: 
  • Award spotlights the automotive industry's finest innovations in sustainable, lightweight design
    TROY, Mich., Feb. 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that the 2024 Altair Enlighten Award is now open for submissions.
  • "As we continue to see the urgent need for greener, more sustainable global transportation technology, the Enlighten Award is the premier award that showcases the future of the automotive industry's sustainability efforts."
  • An award that garners interest from industry, engineering, policymakers, educators, students, and the public alike, the Altair Enlighten Award showcases the latest and greatest technology innovations dedicated to sustainability.
  • Media partners for the 2024 Altair Enlighten Award include SAE, Automotive Engineering, Tech Briefs, and Automobil Industrie.

Mercury Securities Introduces Mercury Gold

Retrieved on: 
Monday, February 19, 2024
Social media, Investment, Sale, MBS, Gold, London Bullion Market Association, LBMA, Mercury, Silver, Palladium

KUALA LUMPUR, Feb 19, 2024 - (ACN Newswire) - Bursa Malaysia listed Mercury Securities Group Berhad ("Mercury Securities" or "Company"; Stock Code 0285), announced the launch of their newest venture, Mercury Gold, which aims to empower both seasoned investors and newcomers to participate in the precious metals market.

Key Points: 
  • KUALA LUMPUR, Feb 19, 2024 - (ACN Newswire) - Bursa Malaysia listed Mercury Securities Group Berhad ("Mercury Securities" or "Company"; Stock Code 0285), announced the launch of their newest venture, Mercury Gold, which aims to empower both seasoned investors and newcomers to participate in the precious metals market.
  • Mercury Gold offers physical bullion for purchase as well as Mercury Bullion Savings, a program where customers can buy, sell and accumulate bullion by the gram.
  • In addition, Mercury Gold is proud to introduce Mercury Bullion Savings (MBS) Program, which is an easy, safe and cost-effective way to invest and own gold and silver bullion.
  • To learn more about Mercury Gold and open an account, go to: Mercury Gold.

GigaBeam Networks Positions for Growth with CDG's OSS/BSS Platform

Retrieved on: 
Tuesday, February 13, 2024
CDG, OSS, Internet, Customer service, BSP, MBS, BSS

GigaBeam has selected CDG's online subscriber billing and customer care solution, MBS, as their BSS/OSS platform.

Key Points: 
  • GigaBeam has selected CDG's online subscriber billing and customer care solution, MBS, as their BSS/OSS platform.
  • "GigaBeam is an innovative and progressive BSP with an assertive growth plan to deliver much needed fiber network services in their region," remarked CDG's CTO, Tony Stout.
  • "CDG is excited to partner with GigaBeam, and we look forward to providing them with our cloud-based, next generation OSS/BSS platform to power their goals."
  • We believe their platform and development roadmap will assist us in achieving our business goals, and we look forward to engaging with their client community."