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Conventional/Government MSRs Hit the Auction Circuit

May 18, 2021
Paul Muolo

Prices are firming up in the MSR arena. One driver: lower prepayment speeds...


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Another GSE Departure: Fannie Mae CFO Brown Will Leave at Month’s End

May 18, 2021
Dennis Hollier

In her position, Brown oversees all of the Fannie’s financial management functions, including treasury, financial planning and financial reporting. That makes her something of a public face for the enterprise...


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Fannie/Freddie Single-Family Business Sets Monthly Record in April

May 18, 2021
John Bancroft

On the rise: cash-window purchases...


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CLO Market Off to Roaring Start in 2021, Reason: Refis

May 17, 2021
John Bancroft

Refinance and restructuring of previously issued deals accounted for 62.8% of first-quarter CLO and CDO issuance. A total of $47.94 billion of such deals hit the market...


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The Nonbank Debt Issuance Party Continues Apace

May 17, 2021

It's like "free" money...


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The Reach of GSE Low-Income Refi Programs Underestimated

May 17, 2021
Dennis Hollier

The terms of Fannie’s new RefiNow program are broadly similar to those of Freddie Mac’s new Refi Possible.


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FHFA Announces RFI on Short-Term Rentals

May 14, 2021
Dennis Hollier
The GSEs’ aversion to projects that include transient rental income has riled investors and second-home buyers in some resort communities.
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Short Takes: Whalen Weighs In on UWM / Lightning That Won’t Strike in the Same Place / Guild’s Track Record with LOs / The Key: Low Financial Leverage

May 14, 2021
Paul Muolo

Did anyone really think the gain-on-sale margins of 3Q20 and 4Q20 would last forever?


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LO Compensation in 1Q21 Remains Bountiful (For Now)

May 14, 2021
Maria Volkova
Loan officers’ wallets continued to get fatter in the first quarter, thanks to mortgage origination volumes hitting new records. However, industry bean-counters expect that to change once rates start to increase.
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Mortgage Complaints Filed with the CFPB Up in Every Category

May 14, 2021
Lisa Burden

Presumably, the pandemic has fueled the increase in gripes...


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