An Absolutely Blowout Quarter for PennyMac Financial November 5, 2020 Brandon Ivey On the origination side of the aisle, loan production increased sequentially by 43.9%, one of the strongest showings among the top 10. Read More
Short Takes: Mortgage Insurance Heaven / Strong NIW from MGIC and Radian / Genworth’s Sale is Still a Go / The Election and What It Means for the Financial Sector November 5, 2020 Paul Muolo With their COVID-related charges in the rearview mirror, the mortgage insurance sector came roaring back...Read More
MFA Reducing Non-QM Funding Costs with MBS Issuance November 5, 2020 Brandon Ivey Non-QM MBS issuance is helping MFA get out of a hole after market volatility in the spring forced the REIT to take on a loan with costly terms. Read More
Fannie Mae Names Former FDIC Chief Sheila Bair as its New Chair November 5, 2020 Dennis Hollier Bair, a native of Kansas, came to Washington under the wing of then-Senator Bob Dole in the early 1980s.Read More
Mortgage IPOs Headed for Turbulence? November 4, 2020 Paul Muolo In a statement, Caliber said it’s postponing the sale of common stock to the public but will “continue to evaluate the timing.”Read More
A 2021 GSE Loan Limit of Roughly $539,000 November 4, 2020 John Bancroft The limits would be higher for mortgages backed by 2-4 unit properties, as well as loans in designated high-cost markets.Read More
A Rarity: An Auction Notice on Bulk Ginnie MSRs November 4, 2020 Paul Muolo Signs of life in the Ginnie Mae servicing arena? Maybe. Read More
Mergers and Acquisitions? Sort of On Hold… November 4, 2020 Paul Muolo Chuck Klein, managing partner at Mortgage Banking Solutions, describes the current M&A atmosphere as “pretty quiet.” Still, he’s working on a handful of deals...Read More
Chimera Posts Profit for 3Q, Shifts Away from Agency Investments November 4, 2020 Brandon Ivey Agency MBS accounted for 25% of Chimera's portfolio at the end of 2019 and only 1% as of the end of September.Read More
Portfolio Growth for the GSEs? Yes November 4, 2020 John Bancroft Fannie’s whole-loan portfolio increased 2.8% during the quarter, while Freddie’s grew 3.8%... Read More