Ginnie Servicing Performing Better, Freedom Ups Stake October 25, 2021 Brandon Ivey Freedom remained the top Ginnie servicer with $272.22 billion of MSRs on its books at the end of 3Q21...Read More
First American Buys Bob Caruso’s Subservicing Shop October 25, 2021 Paul Muolo A title insurance giant makes a splash with its latest vendor acquisition...Read More
MBS Trading Rises Slightly. Waiting on the Fed… October 25, 2021 Paul Muolo The trading high for the year came in January at $331.9 billion when it looked as though rates might be headed south.Read More
GSE-Eligible Investment-Property Loans Still Flowing Into Non-Agency MBS October 22, 2021 Brandon Ivey The activity in the non-agency MBS market is occurring even as some lenders are once again taking their investment-property volume to the GSEs.Read More
Trustmark Settles Mortgage Redlining Charges as CFPB Warns About Pitfalls of Tech October 22, 2021 Paul Muolo One message: High tech won't protect you from the government's wrath.Read More
The Big Decision: How Large of a Markup on MSRs? October 22, 2021 Paul Muolo Soon, the nonbanks will report 3Q results, including their latest MSR valuations...Read More
FHFA Reaffirms Climate Change Concerns October 22, 2021 Dennis Hollier Acting Director Thompson agreed with the conclusion in a new FSOC report that climate change poses an "emerging threat" to the nation's financial stability.Read More
Short Takes: Goldman Taps Home Point for IPL Collateral / Silvergate’s Warehouse Business / Trading in Digital Assets / BTIG’s Structured Finance Move / The Racial Divide in Homeownership October 22, 2021 Paul Muolo and Dennis Hollier One of the most active warehouse providers to non-QM lenders is Silvergate Bank in La Jolla...Read More
Nonbank's Mortgage Servicing Share Just Shy of 60% October 21, 2021 John Bancroft Commercial banks continue to show no love for MSRs, except for JPMorgan Chase...Read More
Bayview Preps Large Non-Agency MBS With GSE-Eligible IPLs October 21, 2021 Brandon Ivey Bayview's $823.2 million issuance will be the second largest non-agency MBS issued this year with GSE-eligible investment-property loans.Read More