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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.
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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...
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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...
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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...
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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.
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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...
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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?
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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%...
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Non-Agency MBS with GSE-Eligible Investment-Property Loans on the Rise

July 20, 2021
Brandon Ivey
Bayview Asset Management and Flagstar Bank are the latest non-agency MBS issuers to stock deals with investment-property mortgages that could have been sold to Fannie and Freddie...
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Former FHA Chief Sounds Off on Proposed Capital Hike for Ginnie Issuers

July 20, 2021
Paul Muolo
A few weeks back, Ginnie issued a request for information on a proposal that would tack on a capital requirement of an additional 25-basis points of an applicant’s Fannie Mae and Freddie Mac obligations.
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Latest Imf News

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  • Elevated Rates Expected to Lead to Lender M&A

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