The Inside Mortgage Finance "Mortgage Beat" blog is no longer updated. Please visit our new daily news page, IMFnews for the latest updates on the mortgage industry.

What We’re Hearing

January 10, 2013

Inside Take:

As we noted earlier in the week, Bank of America will sell plenty more in the way of residential mortgage servicing rights this year. But how much more? According to the new issue of Inside Mortgage Finance, how does upwards of $400 billion sound? Will PennyMac be a buyer this time around?

We know that BofA is a repo lender to PennyMac and that over the past year the publicly traded REIT has hired many former bank employees, including correspondent and warehouse officials. Stay tuned and see the story on the IMF website.

 

Poll

The yield on the benchmark 10-year Treasury fell to all-time low of 1.34% recently. How much better will originations be at your shop in the second half compared to 1H, if at all?

Better by 1% to 10%.

30%

Better by 11% to 25%.

39%

Off the charts better. Applications are great now.

22%

Worse than 1H, but not by much.

4%

A lot worse. But not sure on the damage.

4%

Housing Pulse