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Higher GNMA Requirements Could Be Trouble for MSRs

August 5, 2021
Paul Muolo
Ginnie Mae servicing sales were strong last quarter but is all that about to end because of higher capital requirements?
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Not a Pretty Picture for the Mortgage IPO Class of ’20-21

August 5, 2021
Paul Muolo
Retail and institutional investors that bought shares in mortgage IPOs of the past year are feeling glum these days. Most are sitting on losses. Are better days ahead? Hard to say...
Read More

Incentive Compensation Drops for LOs, Processors

August 5, 2021
Monica Hogan
Loan officers continue to benefit from strong refis and purchases, but compensation is coming under pressure. Meanwhile, the need for processors is not abating, according to LBA Ware.
Read More

MBA Asks NY Gov. to Veto CRA Bill Aimed at Nonbanks

August 5, 2021
Lisa Burden
One of the biggest regulatory fears of nonbanks? Answer: being subject to CRA laws. New York is turning into a battleground state.
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In 2Q21, the MSR Gains Continue for Nonbanks

August 5, 2021
The appeal of owning MSRs seems to be lost on commercial banks. Will the trend line ever change?
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New York Emerges as a Battleground on Nonbank CRA

August 5, 2021
Lisa Burden
The proposed legislation has passed both chambers of the New York Assembly and awaits the governor’s consideration.
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Time for FHA to Revise Its Loan-Modification Options?

August 5, 2021
Brandon Ivey
HFPC is urging FHA to offer a more flexible option whereby servicers can use a portion of the partial claim to reduce a borrower’s monthly payment, dollar for dollar...
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Flagstar Top Contributor to Expanded-Credit MBS in 2Q21

August 4, 2021
Brandon Ivey
Some $1.12 billion of ECMs originated by Flagstar were included in non-agency MBS during 2Q21. The lender is slated for sale to NYCB.
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A Healthy Market for Ginnie EBOs? Looks That Way

August 4, 2021
Paul Muolo
Ginnie early buyout activity has been rising steadily since early 2020, right before the pandemic struck.
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Citi Recruits Liz Bryant from Wells Fargo to Head Mortgage Sales

August 4, 2021
Monica Hogan
Back in April, Citi hired J.R. Russell, head of consumer direct lending, away from Wells where he served in a similar role.
Read More
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