Short Takes: Awash in Borrowing Authority / A Buyer of MSRs? / Expressing a Desire to Grow / A New Nonagency MBS From Verus / Kraninger Lands / A Promotion at Freddie July 23, 2021 Paul Muolo Will Quicken actually buy MSRs? It certainty has the cash...Read More
Lower Courts Wrangle with SCOTUS’ Collins Decision July 23, 2021 Dennis Hollier Plaintiffs manage to find legal ammunition in what most Supreme Court observers believe was a slam dunk victory for the government.Read More
The Ginnie EBO Game Continues Apace. A Strong GOS for Wells July 22, 2021 Paul Muolo Two essential ingredients to making a tidy profit on Ginnie EBOs include a low cost of funds and a large balance sheet. Wells Fargo has both.Read More
MBS Trading Sags but a New Benchmark is Born July 22, 2021 Paul Muolo MBS trading came under pressure last month. But that was before rates dropped. Coming soon: more volatility...Read More
Fannie and Freddie Hit the Mother Lode With the Adverse Market Fee July 22, 2021 Dennis Hollier COVID-related mortgage losses have been minimal, allowing the GSEs to benefit...Read More
MI Sector Benefits from Strong Purchase Activity in 2Q21 July 22, 2021 John Bancroft Sales of conventional loans with private MI to Fannie Mae and Freddie Mac recorded a bigger 10.3% increase from the first quarter.Read More
Announcing its Desire to be #1, Mr. Cooper Hires Stone to Lead Mortgages July 22, 2021 Paul Muolo Stone's resume includes stays at Renovate America and Global Mortgage Capital, the latter an affiliate of Eli Global...Read More
What Happened to the Anticipated MSR Sales Boom? July 22, 2021 Paul Muolo It’s early in the quarter but potential investors in MSRs are wondering when the auction action might start. So far, few large portfolios have been put on display. But that could change.Read More
A Healthy Mortgage Jobs Picture? Looks That Way July 22, 2021 Paul Muolo Mortgage hiring remains strong, even in the face of declining rates. However, the salary boom for rank-and-file staffers is a thing of the past.Read More
Refis Drive Surge in Jumbo MBS Issuance in Second Quarter July 21, 2021 Brandon Ivey Roughly $2.26 billion of jumbo MBS issued in the second quarter included a cash-out component...Read More