Although mortgage servicing sales dipped a bit in the first quarter, it appears the second quarter is turning out to be a potential scorcher – thanks to rising interest rates and a plethora of buyers.

The delinquency rate on residential mortgages declined in the first quarter of 2018, according to various data sources. Performance typically improves in the first quarter due to seasonal factors. [Includes one data chart.]

The higher delinquency rates on FHA/VA loans are likely tied to hurricanes that struck select markets last fall.

UHM has roughly 130 retail branches across 36 licensed states…

Residential firms looking to sell mortgage servicing rights are in a sweet spot right now. However...

HomeStreet restructured its mortgage business last year…

Packaging the loans into a non-agency MBS suggests that Flagstar expects better execution in the non-agency market than from delivering the mortgages to Fannie Mae or Freddie Mac.

KBR points out that risk-sharing results in premiums being shifted away from Fannie and Freddie to providers of credit risk protection.

The updated agenda is the CFPB’s first under Mulvaney’s leadership.

Barry Habib, who heads MBS Highway, believe that within two years, the U.S. will be in a recession...