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Banks Trimmed Their MSR Holdings by 12% in 2020

March 8, 2021
John Bancroft

The irony: As banks trimmed their holdings, mortgage servicing rights increased in value...


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FHFA Cranks Up the Hiring Machine

March 8, 2021
Dennis Hollier

According to FHFA’s own performance and accountability reports, the number of employees at the agency grew from 609 in 2019 to 635 in 2020. More tellingly, FHFA has budgeted for an additional 113 employees in 2021.


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Interest in Homebuying Grew in January

March 5, 2021
Maria Volkova
Research by Jornaya found the search for homes nearly doubling early in the new year.
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Nation’s Largest Wholesaler UWM Takes Aim at Two Competitors; Rocket Fires Back

March 5, 2021
Maria Volkova and Paul Muolo

If loan brokers violate the agreement, it could cost them upwards of $50,000...


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Goldman: Long-Term Returns on Agency MBS Could Go Negative

March 5, 2021
Dennis Hollier

If MBS returns go negative, that means lenders will have to hike rates to entice investors. Right? Consequences?


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Florida Court Grants Ocwen Summary Judgement in CFPB Case

March 5, 2021

However, the court provided an opening for the CFPB to pursue claims raised in the parties’ motion for summary judgment alleging loan servicing misconduct after Feb. 26, 2017...


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Agency MBS Issuance Eases in February but Not By Much

March 5, 2021
John Bancroft

The agencies issued $304.15 billion of new single-family MBS in February — the fifth straight month over the $300 billion mark, a level never seen until August of last year.


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A Rare Feat These Days: mREIT Dynex Sells Common

March 4, 2021
Paul Muolo
There was a time when REITs had no problem pitching secondary offerings of stock but the pandemic ended all that. Enter Dynex Capital...
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Auto ABS Weather COVID Crisis Better Than 2008 Crash

March 4, 2021
Maria Volkova
Auto ABS issuance dropped 9% in COVID-marred 2020, compared with a 40% decline seen during the 2007-2009 crisis, according to S&P.
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A Year Gone, Time to Head Back to the Office? Maybe Not

March 4, 2021
Maria Volkova

Mike Baldwin: He added: “Productivity is up along with the volume, so we have been very pleased. I really can’t cite any challenges that arose from working remotely. We’ll continue to be flexible.”


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