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Short Takes: Mortgage Discounts for Vaccine Recipients / Customers Sells Debt / Warehouse Lender Active in Crypto Market / What’s Riskier? / A Promotion at Deephaven

August 25, 2021
Brandon Ivey and Paul Muolo
Another warehouse lender active in the digital/crypto space is Silvergate Bank of California...
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Banks Change Course and Add Servicing-for-Others. However...

August 24, 2021
John Bancroft
Federally insured depositories reported $3.088 trillion of servicing-for-others at June 30, mostly representing loans residing in MBS trusts...
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Mr. Cooper Reveals Potential Stock Sales by Chairman/CEO

August 24, 2021
Paul Muolo
The 10b5-1 plan was designed to comply with SEC rules and the lender's insider trading policies and guidelines.
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New Tally Offers More Proof of a Decline in Lending Profits

August 24, 2021
Paul Muolo
Say it ain't so, Joe: Origination profits per loan continue to decline...
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No Respite for FHLBanks in 2Q21 from COVID Beating

August 24, 2021
Dennis Hollier
The FHLBanks’ poor performance has been largely driven by plummeting asset levels.
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Banks Favor GSE Paper as Industry Pads MBS Holdings

August 23, 2021
John Bancroft
Year-over-year, Bank of America increased its MBS holdings by a stunning 82.5%.
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The Coming Mortgage M&A Tsunami?

August 23, 2021
Paul Muolo
The mortgage industry has seen this movie before...
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More Ginnie Mae MSR Deals Find Their Way to Market

August 23, 2021
Paul Muolo
The Prestwick offering has collateral is located in 30 states, with Texas and Arkansas homes leading the pack. Bids are due Sept. 8.
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Pushback on GSE PSPA Amendments Intensifies

August 20, 2021
Dennis Hollier
Trade groups give Treasury and FHFA officials an earful on the damage caused by changes to the preferred stock purchase agreements.
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Banks Change Course and Add Servicing-for-Others

August 20, 2021
John Bancroft
The key to a modest increase in servicing-for-others in the banking industry was the purchase of a large nonbank by Western Alliance Bank. (Includes data chart.)
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