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Bill Would Increase the Pool of Eligible VA Borrowers

December 11, 2020
Paul Muolo

VA lending, like much of the home origination market, has been on a tear this year, surpassing FHA production...


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State Regulators Seek Clarification on when Coronavirus Loan Mod Eligibility Ends

December 11, 2020
Brandon Ivey

The CARES Act established a mandate for forbearance but the Conference of State Bank Supervisors said it’s not clear when residential servicers should stop offering new relief plans.


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CFPB Issues Final QM Rule. Will it Lead to More ‘Nonprime’ Lending?

December 11, 2020
Yemeng Yang

Under the new language, a loan meets the general QM definition if its annual percentage rate exceeds the average prime offer rate (APOR) for a comparable transaction by less than 2.25 percentage points.


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REITs in Recovery on MBS Investments? Getting There, Slowly...

December 10, 2020
John Bancroft

Financial turbulence forced REITs to sell off their MBS holdings in March as the pandemic cratered economies around the world.


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Ginnie EBO Game Attracting More Than Issuer/Servicers

December 10, 2020
Paul Muolo
Word is out: Money can be made in the Ginnie EBO space. The strategy is attracting investment funds but it’s not as easy as you might think.
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Nonbanks Active: A Warehouse Securitization and More…

December 10, 2020
Whether its warehouse borrowing or debt restructuring, the capital markets remain a favorable place to be for nonbank lender/servicers.
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CMBS Performance Improves But Recovery Still Choppy

December 10, 2020
Yemeng Yang
The delinquency rate on commercial MBS in November slipped modestly thanks to continued COVID-related relief. The recovery ahead will be slow, particularly for the lodging and retail sectors.
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The Mortgage Hiring Binge Continues

December 10, 2020
Paul Muolo

As the year winds down, mortgage firms still need workers, especially in the back office...


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SCOTUS Hears Oral Arguments in GSE Case, Breyer Cites ‘Nationalization’

December 10, 2020
Dennis Hollier

Justice Stephen Breyer raised eyebrows by characterizing the net worth sweep as a nationalization of the enterprises. “That’s what they did,” he said. “If you look at their giving the net worth to Treasury, it’s nationalizing the company.”


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Quicken Sells $25B in MSRs? A Revival Underway?

December 10, 2020
Paul Muolo
A revival could be underway in bulk MSR sales but the real fireworks may come in the first quarter of 2021. Pricing? It’s headed north, at least for GSE product.
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