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Fannie/Freddie Flow MSRs Up for Grabs

April 19, 2021
Paul Muolo

More flow auctions are hitting the market...


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Fannie and Freddie Ramp Up RPL Sales

April 19, 2021
Dennis Hollier

Fannie’s RPL activity has consisted entirely of whole-loan sales. Freddie, on the other hand, continues to focus its RPL activities on the securities side of the business.


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MSR Transfer Market Off to Puzzling Start in 1Q21

April 19, 2021
John Bancroft

Amazingly, there were no bulk transfers of Ginnie MSRs. None.


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Month-End Expirations Drag Forbearance Numbers Lower

April 16, 2021
Maria Volkova
Leading the improvement pack: the Ginnie Mae category, where the reading dropped a whopping 45 basis points to 6.33% of outstandings for the week ending April 4.
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Grapevine: Apps Drop, Time to Worry? / Still Hiring…

April 16, 2021
Paul Muolo
Rates are rising and that means fewer applications. Yet, mortgage bankers and brokers are still hiring.
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Rich Man, Poor Man (A Study of Refis)

April 16, 2021
Dennis Hollier

Historically, rich and poor borrowers have had roughly the same likelihood of refinancing: a probability of 1.14%.


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Caliber's Sale Price of 1.0x Book Raises Some Eyebrows

April 16, 2021
Paul Muolo

If Caliber's MSR portfolio of $152.7 billion is valued at 100 basis points, that translates into a value of $1.52 billion, at least...


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An Origination Decline for Jumbo Specialist FRB

April 16, 2021
Paul Muolo

On the home-equity lending side of the aisle, the San Francisco-based bank funded $623.6 million worth of seconds, a slight increase from 4Q20...


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A Nice Comeback for Non-Agency MBS Issuance in 1Q21

April 16, 2021
John Bancroft

JPMorgan Chase was the top issuer of prime non-agency MBS with $4.08 billion in first-quarter issuance...


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Mortgage Company Debt Sales Continue Apace

April 15, 2021
Paul Muolo
“Issue debt while you can.” That seems to be the mantra of nonbank mortgage lenders and even real estate mortgage investment trusts. The latest sellers: UWM and PennyMac.
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