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Weaker 2Q Mortgage Results From Flagstar. Bank Ups Its Game in EBOs

July 28, 2021
Paul Muolo
Flagstar's gain-on-sale margin fell to 135 basis points compared to 184 bps in 1Q21. The company also reduced the asset value of its mortgage servicing portfolio...
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Nomura Ramping Up Investment-Property Non-Agency MBS Issuance

July 28, 2021
Brandon Ivey
Nomura issued its first investment-property non-agency MBS in May.
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ABS Issuance Falters in 2Q but 2021 on Pace for Big Year

July 28, 2021
With American Airlines grounded, issuance of business-class ABS fell $6.03 billion, or 23.0%, from the first to the second quarter.
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The Collins/GSE Case: It's Not Over Until It's Over

July 28, 2021
Dennis Hollier
The Supreme Court remanded a portion of the case, leaving it for the Fifth Circuit Court of Appeals to decide how to handle the question of whether the unconstitutional nature of FHFA’s leadership structure damaged shareholders and, if so, what kind of compensation they might be owed.
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CSBS Unveils New Standards for Nonbank Residential Servicers

July 27, 2021
Brandon Ivey
Overall, the states largely opted to follow capital and liquidity requirements set by the FHFA...
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LO Earnings Get Clipped in 2Q21

July 27, 2021
Paul Muolo
Loan officers and their processors alike are earning less these days...
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JPM Hits Market With Yet Another Investment-Property MBS. Next Up: UWM

July 27, 2021
Brandon Ivey
Take note: Two investment-property non-agency MBS from JPMorgan Chase in less than a week.
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Nonbanks Still Pulling GSE Servicing Train in 2Q21

July 27, 2021
John Bancroft
Freddie had the hot (MSR) hand in 2Q21...
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Ginnie MSR Transfers Surge, GSE Sales Decline

July 26, 2021
John Bancroft
The bulk transfer figures reflect deals that were struck in prior quarters...
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GSE Bulk MSRs Hit the Auction Circuit

July 26, 2021
Paul Muolo
The selling institution is based on the West Coast...
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