Higher Originations, Lower Net Earnings for Mr. Cooper. MSR 'Mark' at 100 BPs February 23, 2021 Paul Muolo Mr. Cooper originated $24.5 billion of mortgages, a handsome 56.2% improvement from 3Q20.Read More
MFA Financial's 4Q Profit No Match for COVID Losses in 2020 February 23, 2021 Brandon Ivey MFA Financial took a large loss in 2020. Overall, the company didn't acquire many non-QMs during the fourth quarter...Read More
A Spike in GSE Loan Buyback Requests February 22, 2021 John Bancroft There was another $728.4 million of unresolved buyback demands still pending at the end of the fourth quarter...Read More
Rates Rise and MBS Trading Takes Off Like a Rocket February 22, 2021 Paul Muolo MBS has been a favorite of institutional investors during these troubled times...Read More
The Status of the CFPB’s QM Rule? March 1 is Just Around the Corner… February 22, 2021 Lisa Burden Attorney Brian Johnson of Alston & Bird: "It is entirely possible that under new leadership the agency would choose to adjust or rescind certain aspects [of the rule]...” Read More
Ocwen’s Overseas Headcount Declines Year-Over-Year February 22, 2021 Paul Muolo Ocwen: “Of our foreign-based employees, more than 70% were engaged in our servicing operations"... Read More
A Sequential Setback in 4Q20 but Banks Post Stellar MB Income for FY February 21, 2021 John Bancroft The final lap brought year-to-date earnings to $22.52 billion, a 66.3% gain from 2019.Read More
An Issue That Won't Go Away: the GSE Cash-Window Cap February 21, 2021 Dennis Hollier Fannie said it’s still assessing the potential damage. Freddie hinted at the possible deleterious prospects...Read More
Angel Oak the Top Contributor to Expanded-Credit MBS in 2020 February 19, 2021 Brandon Ivey Some $2.96 billion of originations by Angel Oak were included in expanded-credit MBS last year. Read More
RSS