Brokers and others who do business with Nationstar Mortgage said theyve been hearing stories about two-week delays on funds being delivered. Meanwhile, FHA has run out of multifamily money.
The top 20 bank and thrift mortgage servicers all reported increases in their MSR valuations, according to exclusive figures from Inside Mortgage Trends.
Mortgage buybacks can vary significantly among seller/servicers because its driven by business and legal processes rather than current market dynamics.
Despite growth in the non-agency jumbo market, primary market lenders remain focused on production that they can safely securitize through the GSEs and Ginnie Mae.