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Early Defaults Spike in 3Q21 Agency Securities Market

October 29, 2021
John Bancroft
Although serious-delinquency rates declined at Fannie Mae, Freddie Mac and Ginnie Mae, the agencies reported a sizable increase in 30-day late payments during the third quarter. (Includes data chart.)
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Another Title Giant Enters the Subservicing Arena

October 29, 2021
Paul Muolo
ServiceMac is the second large subservicer to be sold to a title giant in less than three years. The reason: Title shops love fee-based businesses.
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Investors Better Suited to Buy Homes Needing Repairs

October 29, 2021
Monica Hogan
Institutional investors have several advantages compared to owner-occupant borrowers when it comes to purchasing homes that need substantive repairs.
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Freddie Steps Up CRT Deals in 3Q21, Fannie Reenters

October 28, 2021
John Bancroft
After the FHFA revealed its intent to reduce GSE capital requirements for CRT exposure, Fannie announced plans to get back in the market. (Includes data chart.)
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Nation’s Top Mortgage REITs Report 3Q Results: More Shrinkage

October 28, 2021
Paul Muolo
The leaders of the mortgage REIT world posted third-quarter results this week. Bottom line: Strong earnings and common shares that continue to pay a nice dividend.
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Nonbanks, CRA and Trading Desks. Any Worries?

October 28, 2021
Paul Muolo
Federally insured depositories often source their CRA loans via nonbanks and an investment banking trading desk. But what if nonbanks must suddenly adhere to CRA standards of their own?
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Rating Services Project Strong Growth in Solar ABS

October 28, 2021
Monica Hogan
Fitch, S&P and KBRA weighed in recently on the growth potential in the residential solar loan-and-lease ABS category.
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3Q Originations Top $1T Yet Again. A New World Record On the Way?

October 28, 2021
John Bancroft
Barring an implosion over the next two months, 2021 will set a new world record, likely topping $4.5 trillion in annual originations.
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A 31% Earnings Drop for Mr. Cooper, An Aggressive MSR Mark of 121 BPs

October 28, 2021
Paul Muolo
Mr. Cooper values its MSRs at $3.66 billion, up from $3.31 billion 90 days earlier...
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The Latest Tally on Housing in the BBB: $150B

October 28, 2021
Monica Hogan
The White House called the new framework the largest single investment in affordable housing in U.S. history...
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