The Summer Doldrums Hit the MSR Auction Market. Temporary? July 23, 2021 Investment bankers are hopeful bulk MSR acquisitions will soon pick up a head of steam — it’s just a matter of when.Read More
New FDIC Proposal Aims to Simplify Deposit Rules for Servicing Accounts July 23, 2021 Maria Volkova The changes are being pursued in response to the agency receiving “more than 10,000 questions per year from people trying to understand the deposit insurance rules,” the FDIC chief said.Read More
MBS Trading Sags but a New Benchmark is Born July 23, 2021 Paul Muolo Just when you thought rates were in an upward trend, a reversal occurs...Read More
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