Rice Park Secures MSR Money, Targets $70B in Acquisitions January 18, 2022 Paul Muolo Rice Park said it wants to “build a large scale and durable MSR investing business.”Read More
A Production Decline and Lower Mortgage Earnings for Truist January 18, 2022 Paul Muolo The weighted average coupon of Truist's MSR portfolio: 3.44%...Read More
FHFA Rejects GSEs’ DTS Plans, Wants Revisions January 18, 2022 Dennis Hollier Advocacy groups representing these underserved markets sharply criticized the plans, arguing the GSEs actually proposed reduced loan targets...Read More
Non-Agency MBS Issuance Climbs to Post-Crisis High in 2021 January 14, 2022 John Bancroft The biggest growth was in securitization of recently originated jumbo loans and expanded-credit mortgages.Read More
FHFA Director-Nominee Thompson: No Administrative End for GSE Conservatorships January 14, 2022 Dennis Hollier Sen. Bill Hagerty, R-TN, also got in the mix, pointing out that the Housing and Economic Recovery Act doesn’t envision indefinite conservatorships...Read More
JPMorgan Surpasses Wells in Residential Lending January 14, 2022 Paul Muolo Both banks reported lower gain-on-sale margins in 4Q21, a reflection of stiffer competition in the primary market. Read More
Ellington, New Residential Offer Separate Non-QM MBS January 14, 2022 Brandon Ivey The issuers largely sourced loans for the MBS from affiliated lending units. Read More
HUD Needs More Controls Over FHA Refunds, OIG Says January 14, 2022 Monica Hogan HUD calculates $384.7 million in refunds was unclaimed as of June 16, 2020.Read More
Nonbank (Agency) MSR Market Share Just Shy of 61% at Yearend January 13, 2022 John Bancroft Depository institutions increased their agency mortgage servicing rights by just 0.4% during the final three months of the year.Read More
Up for Grabs: At Least $67 Billion of MSRs January 13, 2022 Paul Muolo As might be expected, all of those unloading product are believed to be nonbanks.Read More