Fannie: Mortgage Bankers Expect Reduced Profit Margins December 16, 2020 Paul Muolo Roughly 33% said profits will remain the same while 48% expect earnings to decrease... Read More
Rising in 3Q: Bank Holdings of First Liens December 15, 2020 Brandon Ivey PlainsCapital plans to retain $30 million to $50 million of mortgages per month...Read More
Ginnie Early Buyout Game Attracting More Than Issuer/Servicers December 15, 2020 Paul Muolo David Rosenblum, a partner in the firm, said Prophet has “an appetite for billions more.”Read More
A Warehouse Securitization from LoanDepot December 15, 2020 Paul Muolo The nonbank is also working on an IPO... Read More
Ginnie Single-Family MBS Issuance Slows in November December 15, 2020 John Bancroft November issuance was down 0.2% from October mostly because of weakening purchase-mortgage securitization, which fell 5.0% on a monthly basis. Read More
IO Lending a Bright Spot for Non-Agency in 3Q20 December 14, 2020 Brandon Ivey Nine months through the year, IO production is up 60.0% compared to the same span in 2019...Read More
Forbearance Declines, But MBA Warns of Trouble Ahead December 14, 2020 Paul Muolo MBA: “Compared to the last two months, more homeowners exiting forbearance are using a modification – a sign that they have not been able to fully get back on their feet, even if they are working again.” Read More
Starwood Brings MBS with Seasoned Loans for Investment Properties December 14, 2020 Brandon Ivey Close to 40% of loans in the MBS have been in forbearance, but with many returning to current status.Read More
A Revival in MSR Sales? Quicken Selling Some of Its Receivables? December 14, 2020 Paul Muolo Prices for bulk MSR assets are firming up as well...Read More
Jumbo Lending by Correspondents Takes a Hit. Reason: Wells Fargo December 14, 2020 Brandon Ivey Even though Wells shut off its correspondent spigot for jumbos early in 2Q20, $1.88 billion of product came through the channel...Read More
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