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Finally Off Its High: The Price of S&D Paper

July 14, 2022
Paul Muolo
Not too long ago, the asking price for scratch-and-dent mortgages was considered silly but buyers paid because the returns were strong. And today? It’s a whole different ballgame.
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Fed’s MBS Holdings Resist Shrinkage

July 14, 2022
Dennis Hollier
The Federal Reserve’s runoff of Treasuries and agency MBS remains far below expectations.
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CLO Managers Tweaking Deals to Attract Investors

July 14, 2022
Sam Manas
CLOs managers are responding to tough market conditions by making changes to their products, for example proposing to remove buckets for discounted assets.
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Nonbank MSR Footprint Shrinks in 2Q22 Selloff

July 14, 2022
John Bancroft
Bulk sales of agency MSRs played a significant role in the second quarter...
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Better.com the Subject of an SEC Inquiry, Fintech Posted Large Loss in 1Q22

July 14, 2022
Paul Muolo and Brandon Ivey
The fintech was sanctioned by Washington state for licensing and other violations...
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Lower 2Q22 Originations for JPM, a Nice Gain for Jumbo Specialist FRB

July 14, 2022
Paul Muolo
JPM is the first publicly traded bank or mortgage company to report 2Q22 results.
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A Ratings Upgrade for Fannie and Freddie

July 14, 2022
Dennis Hollier
The upgrade piggybacks on Fitch’s recent revision of its ratings outlook for Uncle Sam and his IDRs...
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Amid the Industry Turmoil, an M&A Deal Gets Done

July 14, 2022
Paul Muolo
All quiet on the mortgage M&A front? Select deals are getting done. One recent buyer: Bill Lowman’s American Pacific Mortgage.
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As Production Skids, Underwriter Costs ‘Correct’

July 14, 2022
Paul Muolo
A year ago, most mortgage workers could name their price and be compensated at levels never experienced before. And today? It’s a whole different world, with lenders lopping off hundreds, if not thousands of jobs.
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Laid-Off Employees Sue Sprout for Unpaid Wages

July 14, 2022
Sam Manas
Former employees of the shuttered mortgage lender claim Sprout didn’t provide the required notice of termination and was holding back regular wages.
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