MFA Stocks Another Non-QM MBS with Loans from Acra April 9, 2021 Brandon Ivey The $394 million MBS from MFA marks the debut of ServiceMac as a subservicer for Acra Lending...Read More
Enforcement Woes Ahead for Servicers? CFPB Proposal Sparks Controversy April 9, 2021 Lisa Burden With an MSR portfolio sized at $1.18 trillion and a market share of 10.1%, Wells Fargo is on board with what the CFPB has in mind...Read More
Structured Finance Market Off to Solid Start in 1Q21 April 9, 2021 John Bancroft Some $81.01 billion of non-mortgage ABS came to market in the first quarter, a hefty 85.8% gain from the previous period.Read More
Time to Bury the $15,000 FTHB Tax Credit? Maybe Not... April 8, 2021 Maria Volkova Don't ever underestimate the power of the nation's housing lobby...Read More
In 1Q21, A Downdraft for Purchase-Money Securitizations April 8, 2021 John Bancroft The two government-sponsored enterprises saw a steeper 20.4% drop in purchase-loan volume, while the government-insured market fell 16.9%...Read More
Is Caliber Home Loans In Play? April 8, 2021 Private-equity firms aren't known for holding their mortgage investments forever...Read More
Short Takes: Jamie Dimon Addresses the Troops / Gaining Market Share / ... But Not in Mortgages / Carpetbagging? / A New CRO for Mr. Cooper April 8, 2021 Paul Muolo Pondering JPM's next move in the mortgage business...Read More
ICBA Coalition Asks FHFA to Withdraw PSPA Changes, Including Window Caps April 8, 2021 Paul Muolo Bottom line: These smaller shops will need to make additional capital investments to effectively compete against larger seller/servicers. Read More
Short Takes: Sliding: Applications / Nervous? / Inflation Fears / GSE Common On the Rise / A New President for Hamilton April 7, 2021 Paul Muolo At press time, mortgage stocks were mixed (up or down slightly), with the exception of Fannie Mae and Freddie Mac. Both were up about 5%... Read More
Mortgage Industry Looks to the Supreme Court and the Collins Case April 7, 2021 Dennis Hollier Although the smart money is on a late May or early June decision in the GSE case, some observers believe the court could rule earlier than that — in fact, the decision may be imminent.Read More
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