If Ginnie Mae hikes its capital requirement as proposed, it could reduce the number of issuer/servicers. But some nonbanks would benefit from reduced competition.
Fannie and Freddie raked in billions of dollars from the loan-level price adjustment before FHFA pulled the plug last week. Are more Calabria-era rules on the chopping block?
Blend Labs netted $360 million from its IPO at a valuation of more than $4.0 billion. Meanwhile, Better Mortgage is in the process of going public via a SPAC.
Fannie Mae called upon FEMA to provide improved disclosures while some industry stakeholders suggested expanding the areas subject to mandatory flood insurance.
Nonbank originators that have been hoarding MSRs for the past 16 months are sitting in the catbird seat. Some bids are just shy of top dollar. Time to pull the sales trigger?