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1Q21 ABS Issuance Spikes 87% as COVID Recovery Takes Hold

April 23, 2021
John Bancroft

Driving the improvement (no pun intended): the auto lending and leasing sector.


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Mortgage IPO Window Closed? Not for Tech Disruptors...

April 23, 2021
Paul Muolo

For now, Blend's IPO documents are confidential. But eventually its financials will hit the street.


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Texas Bank Kisses Correspondent Goodbye, Remains in Warehouse

April 22, 2021
Paul Muolo
Ocwen Financial is ramping up its servicing/MBS issuance game in a new deal with Texas Capital Bank.
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MBS Trading Declines but with Rates Headed Lower

April 22, 2021
Paul Muolo
Mortgage trading narrowed this spring at a time when rates were rising. Lo-and-behold, rates are headed south once again. But inflation fears are accelerating. What’s an MBS owner to do?
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Commercial Banks Report, Eking Out Lending Gains for 1Q21

April 22, 2021
Paul Muolo
Seven depository bellwethers have released mortgage origination figures for 1Q21. Overall, production increased from the fourth quarter but the devil is in the details.
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VA Readies COVID-19 Partial Claim Payment Program

April 22, 2021
Maria Volkova
The COVID-19 partial claim payment program proposal — without changes to the draft — has been submitted for review to the Office of Management and Budget.
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Calabria Acknowledges ‘Pinch’ on NOO/Second-Home Market Caused by Reg Change

April 22, 2021
Dennis Hollier

FHFA chief Mark Calabria: “The reality is that, in the short run, there will be a pinch on the market, if you will."


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Out of the Bag: Blend Confirms Its IPO Dreams

April 22, 2021
Paul Muolo
Blend, a behind-the-scenes player in mortgage finance, hopes to go public. Will the market greet it with open arms or indifference?
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Agency MI Market Retrenches in 1Q but Remains Robust Overall

April 22, 2021
John Bancroft

Sales of purchase loans with private MI coverage fell 21.7%, while Ginnie recorded somewhat more modest declines in FHA (16.0%) and VA (18.0%) volume.


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Ocwen Will Pay a ‘Modest’ Premium for Texas Capital’s MSRs

April 22, 2021
Paul Muolo

For Ocwen, the acquisitions represent a chance to grow its lending business and bolster its MSR portfolio.


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