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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...
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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.
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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.
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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...
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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...
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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.
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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...
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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.
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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.
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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...
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