ORIX Top Multifamily MBS Servicer in Ginnie Market July 8, 2021 John Bancroft ORIX, now operating as Lument, serviced $21.22 billion of GNMA multifamily MBS at the end of May, or 15.5% of the market... Read More
Quicken Expected to Offload MSRs in a Hot Market July 8, 2021 A stampede to sell MSRs in the third quarter? That's what the dealmakers are expecting...Read More
Stocks Tank, Rates Fall. Mortgage Meaning? July 8, 2021 Paul Muolo Falling rates? Didn't see that coming...Read More
Dems, GOP Spar Over Proposal for a Public Credit Bureau July 8, 2021 Lisa Burden The panel focused on three bills, two of which are still in draft phase.Read More
Non-Agency MBS Issuance Hits Post-2009 Record in 2Q21 July 6, 2021 Brandon Ivey Issuance of non-agency MBS jumped by more than 80% on a sequential basis in the second quarter of 2021.Read More
Mr. Cooper Selling Off its Reverse Mortgage Servicing Business July 6, 2021 Brandon Ivey The sale of the Champion Mortgage reverse mortgage servicing portfolio allows Mr. Cooper to focus on its core business and improve profitability.Read More
Blend’s IPO Could Raise Upwards of $414 Million July 6, 2021 Brandon Ivey The IPO values Blend at more than $4.0 billion.Read More
Home Sellers Don’t Look Fondly on Borrowers with FHA/VA Loans July 6, 2021 Maria Volkova Only 13% of home sellers would "definitely" be likely to accept an offer from buyers using an FHA or VA loan, according to a survey by the National Association of Realtors.Read More
Short Takes: Home Price Appreciation at 2005 Levels / Forbearance Rate Flat / Many Borrowers Extending / Saluda Grade Capital Raise July 6, 2021 Brandon Ivey Annual home price appreciation in May hit a level last seen in 2005...Read More
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