Sagging Agency MBS Weighs on Overall Securitization Market in 2Q July 9, 2021 John Bancroft The Ginnie market actually held up fairly well with a slim increase over the first quarter...Read More
Mortgage Bankers Add Jobs, Brokers Trim Their Ranks July 9, 2021 Paul Muolo “You can cut people in five minutes but if you need to rehire them, you’re going to have a tough time getting them back,” said industry consultant Paul Hindman.Read More
Trouble Ahead? CFBank Shutters Direct-to-Consumer Channel July 9, 2021 Brandon Ivey CFBank said the decision to wind down its DTC business resulted from changing market conditions in 2021...Read More
Finally: GSEs and Non-Agency MBS Now on Level Playing Field with QMs July 9, 2021 Brandon Ivey The hope is that the non-agency market will now be on closer to equal footing with the GSEs in terms of compliance burdens relating to the CFPB...Read More
ORIX Top Multifamily MBS Servicer in Ginnie Market July 8, 2021 John Bancroft ORIX, now operating as Lument, serviced $21.22 billion of GNMA multifamily MBS at the end of May, or 15.5% of the market... Read More
Quicken Expected to Offload MSRs in a Hot Market July 8, 2021 A stampede to sell MSRs in the third quarter? That's what the dealmakers are expecting...Read More
Stocks Tank, Rates Fall. Mortgage Meaning? July 8, 2021 Paul Muolo Falling rates? Didn't see that coming...Read More
Dems, GOP Spar Over Proposal for a Public Credit Bureau July 8, 2021 Lisa Burden The panel focused on three bills, two of which are still in draft phase.Read More
Non-Agency MBS Issuance Hits Post-2009 Record in 2Q21 July 6, 2021 Brandon Ivey Issuance of non-agency MBS jumped by more than 80% on a sequential basis in the second quarter of 2021.Read More
Mr. Cooper Selling Off its Reverse Mortgage Servicing Business July 6, 2021 Brandon Ivey The sale of the Champion Mortgage reverse mortgage servicing portfolio allows Mr. Cooper to focus on its core business and improve profitability.Read More
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