Credit Unions Move a Step Closer to Investing in MSRs December 18, 2020 Brandon Ivey Credit unions are currently prohibited from purchasing MSRs as an investment. The proposal was opposed by the Democrat on the NCUA's board.Read More
A Mortgage M&A Boom in 2021 or Wishful Thinking? December 17, 2020 Paul Muolo This year, mortgage bankers were making too much money and pushed aside the thought of selling. Next year might be a different story...Read More
Trouble Ahead as 30-Day Delinquencies Rise on Agencies December 17, 2020 John Bancroft Although early-payment delinquency rates were up across the board, they remained significantly lower than six months ago.Read More
Not Happening: Fannie and Freddie Out of Conservatorship by Jan. 20 December 17, 2020 Paul Muolo and Dennis Hollier As the clock winds down on the Trump White House, the GSE regulator continues to pull levers. Just not the big one. Credit: Steve Mnuchin.Read More
The 2021 CMBS Recovery Will Be Slow and Fragmented December 17, 2020 Yemeng Yang Several factors will support new loan credit quality next year, including re-covering CRE fundamentals, capital market liquidity, demand for real assets and some degree of conservatism in underwriting, said Moody’s.Read More
Grapevine: A First for FCI / Assessing Hard Money December 17, 2020 Paul Muolo Hard-money servicer FCI is looking for more MBS assignments and is hopeful about 2021. Meanwhile: concerns over bids in the scratch-and-dent market?Read More
Subservicers Continue Their Strong Growth, but For How Long? December 17, 2020 Paul Muolo Subservicers continue to benefit from the keep-and-hold strategy being employed by small- to medium-sized shops. (Includes data chart.)Read More
Mergers and Acquisitions? See You in 2Q21 (Maybe) December 17, 2020 Paul Muolo It’s been slow going when it comes to the sale of mortgage companies. But 2021 shows some promise — as long as rates don’t tank again.Read More
Redwood Getting Back on Track with Jumbo MBS December 17, 2020 Brandon Ivey Mortgages from 51 different originators are included in the deal, led by PrimeLending with a 19.9% share... Read More
CHLA Seeks Exemption for Smaller Nonbank Servicers December 17, 2020 Yemeng Yang State regulators should propose thresholds to relieve smaller nonbank servicers from certain regulatory requirements, said the CHLA.Read More
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