MBS Outstanding on a Steady Growth Track. Ginnie MBS Balance: $1.83 Trillion June 15, 2018 John Bancroft Year over year, MBS outstanding grew by 4.8 percent, according to a new tally from Inside MBS & ABS… Read More
MountainView Offers Fannie/Freddie MSR Portfolio June 15, 2018 Paul Muolo The average loan size of the package is $224,106…Read More
Flagstar Increases Due Diligence Sample Size with Latest Prime Non-Agency MBS June 15, 2018 Brandon Ivey Some rating services have concerns that a 20.0 percent due diligence sample rate is too low…Read More
Don’t Look Now but Ginnie Servicing Prices are the Best They’ve Been All Decade June 14, 2018 Paul Muolo Servicing brokers such as Mark Garland, Steve Harris and Tom Piercy are seeing new entrants to the MSR-buying market…Read More
Short Takes: FHFA Ignoring HERA? / A Refresher Course / How Fannie and Freddie Dismantled Legislative Bomb Threats / A Large RPL Auction from Fannie / OCC to Finally Weigh In on Fintech June 14, 2018 Paul Muolo It might be said that OFHEO was a weak federal regulator...Read More
Jumbo Mortgage Production Down Sharply in First Quarter June 14, 2018 John Bancroft Wells Fargo ranked first among non-agency jumbo originators, followed by Chase and Bank of America…Read More
No Longer No. 1 in Retail, Wells Fargo Plots Growth in Mortgages June 14, 2018 Brandon Ivey Quicken Loans surpassed Wells as the top retail lender in the first quarter of 2018, according to Inside Mortgage Finance. Read More
HomeStreet Reducing Mortgage Staff by 10 Percent Due to Low Demand for Purchase Loans June 14, 2018 Brandon Ivey Last October, HomeStreet cut 60 employees. In May, it put out for bid $5 billion of mortgage servicing rights….Read More
MSR Market Heats Up, New Auctions from Phoenix, MIAC June 14, 2018 Paul Muolo Bank buyers of MSRs favor packages that are at least $2 billion in size…Read More
Short Takes: Budget Cuts at the CFPB? / BCFP not CFPB / Sounding the Alarm on U.S. Debt / A Flow Servicing Platform Run by the GSEs / A New Hire for United Fidelity June 13, 2018 Paul Muolo Do federal deficits even matter anymore? Jeff Gundlach thinks so...Read More
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