Retail and institutional investors that bought shares in mortgage IPOs of the past year are feeling glum these days. Most are sitting on losses. Are better days ahead? Hard to say...

CDC institutes a new ban, while federal agencies warn landlords not to evict tenants without first seeking rental assistance.

The new standards mirror FHFA’s existing requirements in many ways, while extending the provisions to non-agency mortgages. CSBS also provided a few breaks to the industry.

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.

It’s early in the quarter but potential investors in MSRs are wondering when the auction action might start. So far, few large portfolios have been put on display. But that could change.

The proposed rule, for the purpose of calculating deposit insurance, would provide the same treatment for principal and interest payments made on behalf of a borrower by a third party, such as a mortgage servicer.

Mortgage hiring remains strong, even in the face of declining rates. However, the salary boom for rank-and-file staffers is a thing of the past.

Nonbank servicing of Freddie single-family MBS soared 58.6% over the past year, while Fannie saw a 31.1% gain. But in the stagnant Ginnie market, nonbanks managed to grow their servicing by just 5.9% since June 2020. (Includes two data charts.)

The government wants its MBS servicers to have more cash on hand, just in case. But what about Fannie and Freddie?

It’s earnings season and the early results indicate a decent 2Q for most but not all is rosy. Gain-on-sale margins continued to suffer.