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Ginnie Mae, Non-Agency MBS Market Eye CDFIs

February 24, 2022
Monica Hogan
Ginnie Mae is looking for ways in which smaller and less well-capitalized entities can access its securitization platform.
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Commercial MBS Market Still on Fire in 2022

February 24, 2022
Dennis Hollier
Issuance has started with a bang in 2022 as commercial MBS performance in 2021 continued to beat market expectations.
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MSR Market in Danger of Getting Too Frothy? Nah…

February 24, 2022
Paul Muolo
Bidders continue to sidle up to the MSR auction bar as interest rates move higher. Are premium prices beginning to waiver? We’re not there yet but sometimes the market can turn on a dime.
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Home Point Posts Weak 4Q Earnings, Sells Stake in Reverse Unit

February 24, 2022
Paul Muolo
If it weren’t for MSR sales, Home Point would have lost money in the fourth quarter. The nonbank continues to scale back its breadth, announcing a deal to sell its stake in reverse lender Longbridge Financial.
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Federal Appeals Court Tosses Most GSE Shareholder Cases

February 24, 2022
Dennis Hollier
The federal appeals court has dismissed all claims in Fairholme Funds and seven other shareholder lawsuits against the U.S. government.
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MBA Backs OCC’s Proposal on Climate Risk Oversight

February 24, 2022
Monica Hogan
In comments due last week, the Mortgage Bankers Association and the American Bankers Association weighed in on draft principles on climate-related financial risk management from the Office of the Comptroller of the Currency.
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DOJ Says Fair Housing Act Covers Appraisal Bias

February 24, 2022
Dennis Hollier
In a statement of interest, the Department of Justice said the court should hold that the Fair Housing Act applies to discriminatory appraisal practices.
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Home Point Bolsters Weak 4Q Earnings With MSR Sales; Revenue and GOS Hit

February 24, 2022
Paul Muolo
The nonbank sold $13.1 billion of Ginnie Mae MSRs into a red hot servicing market...
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Refi Strength Aids FHA Share in 2021, Purchase Boosts PMIs

February 24, 2022
John Bancroft
New private MI business tumbled 13.0%, while government MI endorsements fell 10.5%.
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Ocwen Settles Allegations It Recorded Calls to Consumers

February 24, 2022
Sam Manas
The servicer will pay $1.5 million to settle a class action alleging it recorded phone conversations with mortgagors without their consent.
Read More
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