Chase is marketing a $1.61 billion deal with prime jumbos and a $566.4 million security with investment-property loans, many of which were eligible for sale to the GSEs.
Fannie Mae said its mortgage servicers are authorized to offer payment forbearance for up to 90 days to those impacted by Hurricane Ida, even if they don’t hear from the homeowner — that is, if the servicer believes the homeowner was affected by the disaster.
For the most part, the uniform MBS 2.0 (Fannie Mae/Freddie Mac) remains the industry’s benchmark as lenders continue to produce new loans —and MBS — at a decent clip but under a cloud of lower profit margins.
Some servicing brokers have suggested to IMFnews the RFI, in some cases, has caused buyers of Ginnie servicing rights to reduce the value of their bids.
MSR offerings won’t get frothy until mortgage lender/servicers, especially those of the publicly traded variety, feel the heat from company owners — and investors — to keep the earnings gravy train going...
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