Ginnie Mae buyouts have remained strong this year as more issuers try their luck at the rehab game. But how long might this trade last? Several more quarters, at least. (Includes data chart.)
A mutual fund giant wants to convert Capstead’s cash base into commercial assets, leaving the residential world behind. The goal: higher returns for investors.
A handful of commercial banks are quietly making a name for themselves in non-agency warehouse finance. Among them: Axos Bank, Silvergate and Western Alliance...
If mortgage lenders thought g-fees might decline this fall, they may be gravely disappointed. Meanwhile, the adverse market refi fee clearly boosted Freddie Mac’s 2Q21 results.
The share of mortgages in forbearance fell substantially over the past year, but the Department of Housing and Urban Development wants servicers to reach out to all homeowners who may still need loss-mitigation assistance.
If Ginnie Mae hikes its capital requirement as proposed, it could reduce the number of issuer/servicers. But some nonbanks would benefit from reduced competition.