Certain Warehouse Securitizations at Risk for a Downgrade March 3, 2022 Brandon Ivey The changes to the criteria were significant enough to prompt Moody’s to place five warehouse securitizations on review for possible downgrade...Read More
Fannie’s and Freddie’s ‘Release’ Date? See You in 2037 March 2, 2022 Paul Muolo KBR writes, “By 2036, the Treasury's aggregate senior preferred including liquidation preference will have grown to nearly $550 billion"...Read More
‘One Company, One Exam’ Pilot Faces Challenges March 2, 2022 Rocket, the nation’s largest residential lender, received a 15-month moratorium on state exams in exchange for participating in the program.Read More
Moves by Key Investors Lift Bank ABS in Fourth Quarter March 2, 2022 John Bancroft JPMorgan Chase, Northern Trust, Bank of America and Commerce Bank also upped their ABS holdings over the last three months of the year.Read More
JPMorgan Unveils Details on 5-Year Plan to Bolster Minority Homeownership March 2, 2022 Monica Hogan JPM, which ranks fifth among all residential originators, will give “philanthropic" capital over three years to help five organizations scale their efforts...Read More
The Tea Leaves: Issuance of GSE MBS Falls to 23-Month Low March 1, 2022 John Bancroft The GSEs issued “only” $137.8 billion of single-family mortgage securities in February, down 23% from January...Read More
Earnings and GOS Decline at UWM, Share Price Gets Smacked March 1, 2022 Brandon Ivey UWM recognized a $139.0 million decline in fair value of its MSRs. At year-end, the company's portfolio had a weighted-average coupon of 2.94%.Read More
Record GSE Allocations to Housing Trust Fund and Capital Magnet Funds March 1, 2022 Dennis Hollier The HTF will receive about $740 million in 2022, the CMF $398 million.Read More
CFPB Broadens Public Access to its Rulemaking Process March 1, 2022 Sam Manas Submissions will be reviewed by the Office of the Executive Secretary in consultation with the legal division...Read More
A Bit of a Tumble in Mortgage Earnings for Depositories February 28, 2022 Brandon Ivey Among 461 banks and thrifts in the analysis, only seven lost money on mortgage banking during 4Q...Read More