A Banner Year for Agency MBS Trades? Yep January 14, 2021 In 2020, mortgage records were broken all over the industry. MBS trading, meanwhile, had its best year since 2010.Read More
Is Wall Street Running Out of Mortgage IPO Candidates? January 14, 2021 Paul Muolo Every nonbank mortgage company and its brother is going public these days. Right? Well, not everybody.Read More
Not Bad: $38 Billion of MSRs Offered Over the Past Few Weeks January 14, 2021 Paul Muolo The long-awaited recovery in MSR sales may finally be here. It appears Ocwen and Freedom were the winning bidders on a $25 billion Quicken portfolio.Read More
OIG Finds FHA Insured Loans Without NFIP Coverage January 14, 2021 Maria Volkova Almost $1 billion of mortgages endorsed by the FHA in 2019 had private flood insurance, making them ineligible for FHA coverage.Read More
Grapevine: Margin Compression? A Spike in New Business January 14, 2021 Paul Muolo and Dennis Hollier Primary/secondary spreads are thinning. Meaning? Also, former Fannie executive Andrew Bon Salle lands at Home Point right before its IPO.Read More
JPMorgan Backs Figure with New $100 Million Credit January 14, 2021 Brandon Ivey The facility allows for originations of jumbo mortgages along with conforming loans.Read More
The Golden State’s Share of PMI Grew in 4Q20 January 13, 2021 John Bancroft The Golden State remained the largest source of insured agency business, accounting for 13.2% of the total market.Read More
Time Running Out On GSE Loan Acquisition Forbearance Policy January 13, 2021 Dennis Hollier Even though there was no official announcement, that policy expired on December 31. Read More
Nonbank (Agency) MSR Market Share Hits a Record 56% January 13, 2021 John Bancroft Depository institutions saw their combined agency servicing shrink 2.5% from the third to the fourth quarter, squeezing their share of the market to 42.2%.Read More
Lenders Have More Freedom Under New QM Standards January 13, 2021 Brandon Ivey Corina Gonzalez, a senior vice president at DBRS, believes it will take time for the new standards to prompt changes in the origination equation. Read More
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