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Aircraft ABS Performance Isn’t Ready to Take Off Yet

June 17, 2021
Maria Volkova
Aircraft market values have not recovered post-pandemic, according to Fitch Ratings. Also, improvements will drag on due to supply and demand imbalances. The wild card? Next generation replacement technology, which relegates older airline models to the hangar.
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Angel Oak REIT Scales Back IPO Offering

June 17, 2021
Brandon Ivey and Paul Muolo
Originally, the Atlanta-based firm, hoped to sell 8.05 million shares of common at a range of $20.00 to $21.00 per unit.
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Subservicers Keep Gaining but Worry About Forbearance

June 17, 2021
Paul Muolo
Subservicing contracts continue to proliferate. The bad news? These vendors worry about an onslaught of COVID-related work and oversight. (Includes data chart.)
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HUD Meets With Mega-Servicers to Discuss Loss-Mit Options. Suspend the MIP?

June 17, 2021
Paul Muolo
HUD is looking to make policy decisions on FHA loans without having a permanent FHA commissioner in place...
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HUD Meets with Mega Servicers to Discuss COVID Loss-Mit Options

June 17, 2021
Paul Muolo
Time to throw away the loss-mitigation toolbox in dealing with COVID-related delinquencies? Maybe not.
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Nonbanks Continue to Gain in MSRs, Feasting on Agency Product

June 17, 2021
Paul Muolo
A trend that's not going away: When it comes to owning MSRs, banks have other ideas...
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Short Takes: The $40B A Month Habit Will Continue / Inflation? Ha! / CFPB Makes Announcement, Trouble Ahead for VA Lenders? / A New Correspondent Chief for GHMC

June 17, 2021
Lisa Burden and Paul Muolo
No Fed rate hikes until 2023? Sure, why not...
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Grapevine: A Rare Type of M&A / SoFi’s Mortgage Aspirations

June 17, 2021
Paul Muolo and Brandon Ivey
Nonbank Cornerstone Home moves to buy an FDIC-insured institution. Also, should anyone be worried about SoFi’s progress in mortgages?
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Fannie Negotiating With Seller/Servicers on Investor-Loan Cap. Some Told 3% is the New Normal?

June 16, 2021
Paul Muolo and Dennis Hollier
A Fannie spokesman said the mortgage giant, at this time, is not instituting a specific broad based 6% cap but...
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Loan Repurchases Spike Higher in Bank Mortgage Bank Units

June 16, 2021
John Bancroft
Most of the jump in bank repurchases in early 2021 came from USAA Federal Saving Bank...
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