What's this about mortgage rates falling?

Another bank is poised to depart as a Ginnie servicer, this time in the multifamily sector. Say goodbye to Midland States, which is off-loading $2.3 billion in Ginnie MF MSRs.

Analysts expect SoFi’s first consumer loan securitization of 2022 to perform “very well” from a credit quality perspective. The ABS is stocked with collateral seasoned for a longer than usual period.

Secondary market loan pricing depends on market timeframes, roles, pull structures and other esoteric economic components.

Former Ginnie President Ted Tozer, who attended the investor summit, said a big topic was what the rapid increase in interest rates means for MBS.

The CMBS delinquency rate will be steady through the end of the year, Fitch Ratings said, before deteriorating in 2023. Meanwhile, KBRA found that most of the single-borrower CMBS loans in default developed performance problems during the height of pandemic lockdowns.

An MBS stocked solely with home-equity lines of credit; KBRA assigns rating to an $808.2 million CMBS conduit transaction; S&P settles with SEC; a new ETF focused on mortgage assets.

The biggest problem for the PMIs: a 13.7% decline in new purchase business...

There seems to be a bit of confusion in the industry regarding when mortgage bankers need to register layoff notices with the states.

FHFA said upfront fees jumped from 11 bps to 13 bps...