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Flagstar Turns a Strong Profit on Mortgage Lending in 2Q20

July 28, 2020
Brandon Ivey

Flagstar posted a whopping gain-on-sale margin of 219 basis points compared to 80 bps in 1Q20...


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Another Decline in the Forbearance Reading but Ginnie and PLS Loans Increase

July 27, 2020
Paul Muolo

MBA believes that as a result of large buyouts of FHA and VA loans by banks from Ginnie Mae pools, these mortgages are now listed as portfolio loans...


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Another Pandemic Victim: Blackstone’s CMBS Fund

July 27, 2020
Yemeng Yang

The net asset value of the Blackstone Real Estate Income Fund declined by 24% to $443 million as of March 31...


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MSR Auctions Begin A Revival? IMA Unveils a $6 Billion Offering

July 27, 2020
Paul Muolo

The seller is described as a “well-capitalized, independent mortgage banking entity managed by industry veterans.”


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Short Takes: About Those Million-Dollar Earners / Hear It and Then Cut It in Half / Rates? / BKFS on Forbearance / CHLA Addresses GSE Capital / A Promotion at Waterstone Mortgage

July 24, 2020
Paul Muolo and Dennis Hollier

Higher mortgage rates in six months? No one sees it...


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Amid the Pandemic, Auto Finance Drives Away in a Slumping ABS Market

July 24, 2020
John Bancroft

The vehicle-finance sector hit a pothole as new issuance skidded 26.0% from the first quarter to $21.61 billion. But that represented 62.9% of new ABS production for the second quarter.


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Are the Non-Agency COVID-19 Forbearance Numbers Reliable?

July 24, 2020
Brandon Ivey

In general, the nature of the non-agency market makes it difficult to standardize practices across the industry, let alone in individual MBS.


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CFPB Settles With Foreclosure Relief Firm for $3M

July 24, 2020
Yemeng Yang

The CFPB said Certified Forensic Loan Auditors charged each customer $1,495 upfront prior to providing any services.


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Origination Boom Creating ‘Millionaire’ Loan Officers? Yes, Some

July 24, 2020
Paul Muolo

One mortgage CEO suggested LOs might spend their hard earned money on a new Tesla or maybe a beach house...


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Dems Worry About OCC’s COVID-19 Preemption

July 23, 2020
Yemeng Yang

The OCC last month issued several bulletins on federal preemption, including one on states’ foreclosure moratoria...


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