Fannie and Freddie Hit the Mother Lode With the Adverse Market Fee July 22, 2021 Dennis Hollier COVID-related mortgage losses have been minimal, allowing the GSEs to benefit...Read More
MI Sector Benefits from Strong Purchase Activity in 2Q21 July 22, 2021 John Bancroft Sales of conventional loans with private MI to Fannie Mae and Freddie Mac recorded a bigger 10.3% increase from the first quarter.Read More
Trouble Ahead for the Rating Agencies? Democrats Roll Out Reform Legislation July 22, 2021 Brandon Ivey As might be expected, Republicans on the committee weren’t convinced that Congress should create an entity that would be involved in the assignment of credit ratings.Read More
Announcing its Desire to be #1, Mr. Cooper Hires Stone to Lead Mortgages July 22, 2021 Paul Muolo Stone's resume includes stays at Renovate America and Global Mortgage Capital, the latter an affiliate of Eli Global...Read More
Refis Drive Surge in Jumbo MBS Issuance in Second Quarter July 21, 2021 Brandon Ivey Roughly $2.26 billion of jumbo MBS issued in the second quarter included a cash-out component...Read More
Phoenix Offers GSE MSRs, MorVest Returns to the Auction Circuit July 21, 2021 Paul Muolo Signs of life in the MSR market? A bit, but no huge auctions, though buyers remain hungry...Read More
Surge of Jumbo MBS Hits the Market, Led by JPMorgan July 21, 2021 Brandon Ivey Four issuers of jumbo MBS started marketing deals this week, including a $1.02 billion security from JPMorgan Chase.Read More
On the Rise: Complaints Against Credit Reporting Services July 21, 2021 Lisa Burden Many of the complaints about the big three credit reporting services involve inaccurate information in their reports...Read More
Short Takes: M&A Worries? / New Antitrust Chief at DOJ? / Rates and Apps for the Week / Lone Star’s New MBS / Selling Preferred to Qatar July 21, 2021 Paul Muolo and Brandon Ivey When was the last time a large bank entered the FHA market?Read More
Early Delinquency Rates on Agency MBS Higher in June July 20, 2021 John Bancroft The number of loans 30-days past due was up 13.6%...Read More