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Grapevine: A Ginnie Compromise Afoot? / A Pickup in MSR Auctions

October 13, 2022
Paul Muolo
Nonbanks have been concerned about Ginnie’s new capital standards, but perhaps the agency has seen the light? Or at the very least, a compromise? Meanwhile, MSR auctions are picking up a head of steam.
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Nonbank Share of Ginnie MSR Market Just Shy of 80% at Sept. 30

October 13, 2022
John Bancroft
Will changes to the eligibility rules alter the incredible grip nonbanks have on the GNMA market?
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Two Harbors Pre-Announces 3Q Results, Makes a Big Adjustment to BV

October 13, 2022
Paul Muolo
These are not fun times for publicly traded mortgage stocks. REITs are no exception...
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Lenders Bracing for Stagnant Home Prices Next Few Years. GSE Loan Limits?

October 13, 2022
Brandon Ivey
Bearish? Fannie Mae now expects home prices to decline by 1.5% on an annual basis compared to a previously estimate of +4.4%...
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Phoenix Launches $4B-Plus Bulk MSR Auction. More to Come…

October 13, 2022
Paul Muolo
Auction announcements are expected to pick up in the weeks ahead...
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MBA's PAC Funded 2020 Presidential Vote Objectors

October 12, 2022
Monica Hogan
In all, MORPAC contributed nearly $1.1 million to federal candidates in the election cycle...
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Home Point Cancels Credit Suisse Repo Line

October 12, 2022
Paul Muolo
Home Point said the lender and CS "mutually agreed to terminate" the master repurchase agreement...
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Private MI Loses Market Share to FHA/VA in 3Q22

October 12, 2022
Brandon Ivey
Issuance of MBS with FHA purchase mortgages increased 8.1% from the second quarter...
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Short Takes: The Challenge Ahead / Fitch: The MSR Gravy Train May End / FoA, What’s Left? / A Blackstone Company / More Cuts at AO

October 12, 2022
Paul Muolo
Finance of America went public at $10.00 a share in the spring of 2021, courtesy of its owner, the Blackstone Group...
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Late Court Rulings Set Stage for Fairholme-FHFA Trial

October 11, 2022
Dennis Hollier
The case is headed to trial soon...
Read More
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