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Need MBS & ABS? Competition is Stiff

February 28, 2020
Brandon Ivey

Attorney Andi Mandell: “They want to buy and there’s not a whole lot out there.”


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Ocwen Finally Posts a Profit but Doubts Remain as Rates Fall

February 28, 2020
Paul Muolo
Top-ranked servicer Ocwen Financial is trying to put its problems in the rear view mirror. But a new problem has arrived on its doorstep: Ultra low rates (again), courtesy of the coronavirus.
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Strong 4Q Earnings for Mr. Cooper Aided by Deferred Tax Assets

February 28, 2020
Yemeng Yang
Mr. Cooper, the nation’s third largest residential servicer, reported strong earnings for the fourth quarter, aided by deferred tax assets and a mark-to-market gain.
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The (Now Not So) Secret Plot to Sell Freddie Mac to the FHLBs

February 28, 2020
Dennis Hollier

Following President Trump’s inauguration in 2017, the Department of the Treasury played an active role in developing the FHLB plan to buy Freddie Mac...


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Low Rates Torpedo Bulk Servicing Sales. Just How Ugly Is it Going to Get?

February 28, 2020
Paul Muolo

Steve Harris, president of MIAC Capital Markets, New York, was particularly vocal in his summation: “Sell now or have your asset vaporize.”


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Fed Warns of Risks of Digital Targeted Advertising

February 28, 2020
Yemeng Yang
Officials from the Federal Reserve have warned about redlining and steering risks from digital targeted advertising, though it may be the best way for lenders to market their products.
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The Yield on the 10-Year Treasury Falls to a New Low. Implications?

February 27, 2020
Paul Muolo
It was a wild ride (down) in the stock market this week, thanks to economic fears tied to the coronavirus. Of course, bonds soared and rates tanked. MBS implications?
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FHLB Membership Could Be a Boon to REITs … If it Happens

February 27, 2020
Paul Muolo
The issue of allowing nonbanks into the FHLB System hasn’t gone away. A new RFI on the concept will undoubtedly ruffle some feathers.
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The Yield on the 10-Year Plunges to a New Low as Stocks Reel

February 27, 2020
Paul Muolo

At Dec. 31, the bond offered a yield of 1.92%, or 68 basis points higher, a significant difference.


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Purchase Lending Outstripped Refis in 2019, FTHBs the Key

February 27, 2020
John Bancroft

Wells Fargo was the Big Kahuna of purchase lending in 2019 while Quicken Loans was the refi king, Inside Mortgage Finance found…


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