FHFA Directs FHLBs to Plan for Agency Prepayments August 25, 2021 Brandon Ivey In a recent advisory bulletin, the regulator directed the FHLBs to limit the size of their exposure to CMBS issued by Fannie Mae and Freddie Mac, and to ensure proper diversification of their portfolios.Read More
Short Takes: Mortgage Discounts for Vaccine Recipients / Customers Sells Debt / Warehouse Lender Active in Crypto Market / What’s Riskier? / A Promotion at Deephaven August 25, 2021 Brandon Ivey and Paul Muolo Another warehouse lender active in the digital/crypto space is Silvergate Bank of California...Read More
Banks Change Course and Add Servicing-for-Others. However... August 24, 2021 John Bancroft Federally insured depositories reported $3.088 trillion of servicing-for-others at June 30, mostly representing loans residing in MBS trusts...Read More
Mr. Cooper Reveals Potential Stock Sales by Chairman/CEO August 24, 2021 Paul Muolo The 10b5-1 plan was designed to comply with SEC rules and the lender's insider trading policies and guidelines.Read More
New Tally Offers More Proof of a Decline in Lending Profits August 24, 2021 Paul Muolo Say it ain't so, Joe: Origination profits per loan continue to decline...Read More
No Respite for FHLBanks in 2Q21 from COVID Beating August 24, 2021 Dennis Hollier The FHLBanks’ poor performance has been largely driven by plummeting asset levels.Read More
Banks Favor GSE Paper as Industry Pads MBS Holdings August 23, 2021 John Bancroft Year-over-year, Bank of America increased its MBS holdings by a stunning 82.5%.Read More
Due Diligence Backlog Prompts Unusual Delay for New MBS August 23, 2021 Brandon Ivey Third-party due diligence reviewers are swamped.Read More
The Coming Mortgage M&A Tsunami? August 23, 2021 Paul Muolo The mortgage industry has seen this movie before...Read More
More Ginnie Mae MSR Deals Find Their Way to Market August 23, 2021 Paul Muolo The Prestwick offering has collateral is located in 30 states, with Texas and Arkansas homes leading the pack. Bids are due Sept. 8.Read More