Rithm Leans on MSRs as Originations Dwindle, Sees 1Q23 as a Trough February 8, 2023 Brandon Ivey Income from the REIT's MSR portfolio helped to offset losses from originations...Read More
MFA Stocks MBS with Cash-Out Refi IPLs February 7, 2023 Brandon Ivey The DSCR loans have an average interest rate of 7.0%.Read More
Dismissed: The CFPB's First Redlining Lawsuit Against a Nonbank February 6, 2023 Sam Manas Townstone argued that the ECOA’s prohibitions on discrimination against applicants don’t apply to prospective applicants.Read More
AGNC Turns a Profit in Final Quarter of Tough Year January 31, 2023 Brandon Ivey The profit generated in the fourth quarter wasn't nearly enough to offset losses from earlier in the year...Read More
IMBs See Choppy Waters Ahead for MSR Sales. At Issue: Too Much Supply January 27, 2023 Brandon Ivey AmeriHome's John Hedlund said MSR supply could surpass demand...Read More
Fannie to Adjust Quality Control Standards January 26, 2023 Brandon Ivey The GSE will set minimum pre-funding quality control requirements and deliver QC results to lenders more quickly.Read More
Freedom CEO: Plenty of Value in MSRs, For Now... January 25, 2023 Brandon Ivey Stan Middleman cautioned that MSR values and liquidity could tumble in the coming years, potentially in 2028.Read More
Freedom Financial Ready to Market Another HELOC Securitization January 24, 2023 Brandon Ivey Freedom Financial issued a similar HELOC deal in November.Read More
Santander to Issue Non-Agency Credit-Risk Transfer January 23, 2023 Brandon Ivey Santander stopped originating mortgages in the U.S. almost a year ago, then outsourced the function to Rocket...Read More
Rocket CFO Warns Against Reliance on MSR Sales January 19, 2023 Brandon Ivey The CFO noted that Rocket sells some of its MSRs, but it’s mostly servicing on loans originated through brokers...Read More
RSS