PIMCO and Mortgages: Is it All Over? July 1, 2022 Paul Muolo FGMC's list of creditors reads like a Who’s Who of Wall Street finance: Daiwa Capital, Deutsche Bank, Jefferies Capital and Morgan Stanley, to name a few...Read More
FHFA Undeterred by Criticism of New MBS Fee. However… July 1, 2022 Dennis Hollier The new fee was roundly criticized by MBS investors...Read More
Correspondents Gain Share in FHA/VA Market July 1, 2022 Monica Hogan Total FHA/VA lending by the group shrank 21.8% to $78.03 billion.Read More
Most REIT-Related Debt Trading at a Discount July 1, 2022 Paul Muolo Mortgage REIT stock prices are down and most company debt is trading below par. A buying opportunity or something else?Read More
Short Takes: Feeling Safe from FGMC / IPOs? No / loanDepot Insiders Keep Selling / A Large MSR Offering From MIAC / An MBS With Sprout Loans / A Day Off July 1, 2022 Paul Muolo The deluge in MSR auctions continues apace...Read More
It’s Official: PIMCO’s Mortgage Firm FGMC Goes BK, Creditors Line Up June 30, 2022 Paul Muolo In the bankruptcy documents, PIMCO is listed as 100% owner of FGMC...Read More
Getting More Expensive: Buying Certain GSE Securities June 30, 2022 Dennis Hollier The big question: Why have the two GSEs suddenly decided to implement the fee?Read More
One MIP Reduction That Gets a Thumbs Up: Green June 30, 2022 Monica Hogan There's been rampant speculation FHA will cut single-family MI premiums soon, possibly right before the mid-term election...Read More
Annaly Paints Rosy Picture For MBS, Servicing Rights June 30, 2022 Sam Manas Annaly values its MSRs at north of $1 billion...Read More
FGMC Finally Addresses Layoffs, Says It’s Still Funding Loans June 29, 2022 Paul Muolo PIMCO bought into First Guaranty almost seven years ago...Read More
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