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LO Earnings Get Clipped in 2Q21

July 27, 2021
Paul Muolo
Loan officers and their processors alike are earning less these days...
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Nonbanks Still Pulling GSE Servicing Train in 2Q21

July 27, 2021
John Bancroft
Freddie had the hot (MSR) hand in 2Q21...
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Ginnie MSR Transfers Surge, GSE Sales Decline

July 26, 2021
John Bancroft
The bulk transfer figures reflect deals that were struck in prior quarters...
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GSE Bulk MSRs Hit the Auction Circuit

July 26, 2021
Paul Muolo
The selling institution is based on the West Coast...
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Wells Fargo, A Mover and Shaker in the Ginnie EBO Game

July 26, 2021
Paul Muolo
The stagecoach has a huge advantage, namely that it’s the largest depository owner of Ginnie servicing rights at $149.1 billion and has an extremely low cost of funds...
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Biden EO Casts Doubt on Finserv M&A? Maybe, Maybe Not

July 23, 2021
Paul Muolo
Are mortgage banking firms monopolistic and should they fear the new Biden executive order? Not really. Still...
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The Summer Doldrums Hit the MSR Auction Market. Temporary?

July 23, 2021
Investment bankers are hopeful bulk MSR acquisitions will soon pick up a head of steam — it’s just a matter of when.
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New FDIC Proposal Aims to Simplify Deposit Rules for Servicing Accounts

July 23, 2021
Maria Volkova
The changes are being pursued in response to the agency receiving “more than 10,000 questions per year from people trying to understand the deposit insurance rules,” the FDIC chief said.
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MBS Trading Sags but a New Benchmark is Born

July 23, 2021
Paul Muolo
Just when you thought rates were in an upward trend, a reversal occurs...
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Short Takes: Awash in Borrowing Authority / A Buyer of MSRs? / Expressing a Desire to Grow / A New Nonagency MBS From Verus / Kraninger Lands / A Promotion at Freddie

July 23, 2021
Paul Muolo
Will Quicken actually buy MSRs? It certainty has the cash...
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