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MBS Trading Volume on the Rise Early in 2018, But Ginnie Prepay Concerns Linger

April 6, 2018
As rates continued to rise early this year, the average daily trading volume in agency MBS topped $239.2 billion in February, the best showing in at least 14 months, according to figures compiled by the Securities Industry and Financial Markets Association.
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Fannie’s ‘Servicing Marketplace’ Off to a Strong Start

April 6, 2018
Carisa Chappell
Fannie has roughly 50 lenders using the servicing marketplace…
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Acting Ginnie Mae Chief Michael Bright Worries about Liquidity, Big Time

April 6, 2018
Paul Muolo
Acting Ginnie Mae President Michael Bright said some of the concerns regarding nonbanks raised in a recent Brookings Institute white paper are valid…
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What We’re Hearing: Show Us the Money / A $1 Million Signing Bonus for an LO? / A Conservative, but Liberal on Pay Raises / Hensarling’s Next Job Won’t Be… / When the Chinese Worry About Prepayments / The Return of Jon Daurio?

April 6, 2018
Paul Muolo
One word for crazy signing bonuses paid to LOs: stupid...
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Fannie Mae’s Servicing Marketplace Off To a Good Start, More Features to Come

April 5, 2018
Fannie Mae’s Servicing Marketplace has been up and running since December and the government-sponsored enterprise plans to add additional features later this year.
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Thanks to Rising Rates, Servicing Values Jump. MSR Owners in a Sweet Spot Right Now, But Will it Last?

April 5, 2018
Owners of mortgage servicing rights are in a sweet spot right now – thanks to rising interest rates, which have caused the asset value of their portfolios to rise by as much as 15 percent this year.
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CFPB Solicits Feedback on Financial Education

April 5, 2018
Yemeng Yang
The next and final RFI from the CFPB will address consumer inquiries…
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Spring Homebuying Season to the Rescue? Maybe, Maybe Not

April 5, 2018
Brandon Ivey
Lenders cited a lack of inventory of homes for sale as one of the major factors limiting demand for purchase mortgages.
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Short Takes: Bill Ashmore Working on a Non-QM Startup? / The Mood in New Jersey / The White House Role in Relaxing Standards? / How to Aid in the Construction of Housing / Wells Promotes Hilzendeger to New Mortgage Post

April 4, 2018
Paul Muolo
If President Trump – a builder by trade – truly wants to help the housing market by adding inventory he could order the federal government to sell some of its massive holdings of land to builders at dirt cheap prices...
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In CFPB Semi-Annual Report to Congress, Acting Director Mulvaney Lays Out His Plan to Radically Reshape the Agency

April 2, 2018
Paul Muolo
In his preamble to the Congressional report, Mulvaney sums it up best, saying "many” members of Congress “disagree with my actions as Acting Director…”
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