The move comes as the origination market shifts from refis to purchase-money lending.

MBS guarantee fee pricing has become more level between the two GSEs since the uniform MBS was launched in 2019...

Thompson also made it the FHFA will not be changing seller-servicer standards for nonbanks this year.

Steve Abreu, who founded Newfi and serves as its CEO, will stay on with the mortgage firm after the sale closes.

The pitch, emailed by On The Money Acquisition Partners, Charlotte, NC, continues: “Overnight, your situation can be completely different than the previous day.”

Prime non-agency MBS issuance jumped 51.9% from the second quarter to $26.58 billion in the third. Some $14.91 billion came from deals backed by traditional jumbo loans that exceed agency loan limits...

The one saving grace for these companies is that the recent rise in rates has increased the asset value of their servicing portfolios...

The REIT continues to make venture capital investments in ancillary businesses, including Canopy Financial Technology Partners...

Ocwen hints at good things in its (coming) 3Q21 results...

Lower all-around at Wells Fargo: home lending, mortgage servicing rights, branches and employees...