The GSEs’ Low-Income Refi Programs Get a Boost October 21, 2021 Dennis Hollier The Federal Housing Finance Agency expands the GSEs’ low-income refinance programs to include more moderate-income borrowers.Read More
New GSE MSR Auctions From Prestwick, MIAC October 19, 2021 Paul Muolo As yearend approaches, more bulks deals are expected...Read More
MSR Market Roars Back to Life in 3Q21 on Bulk Sales October 18, 2021 John Bancroft Most of the major bulk buyers recorded big gains during the third quarter. Ocwen Financial closed some $57.22 billion of bulk purchases...Read More
Rocket Takes Another Trip to the MSR Selling Well October 15, 2021 Paul Muolo and John Bancroft Rocket sold $40.85 billion of agency MSRs during the third quarter after sitting out the prior period...Read More
The M&A Question: Which Side Are You On? October 15, 2021 Paul Muolo The one saving grace for these companies is that the recent rise in rates has increased the asset value of their servicing portfolios...Read More
Short Takes: Ocwen Hires Some Heavy Hitters for TPO / Strong 3Q21 Results? / USB Grows Home Lending By Almost 20% / Taper Sooner? / Hale Becomes the Chief October 15, 2021 Paul Muolo and Dennis Hollier Ocwen hints at good things in its (coming) 3Q21 results...Read More
3Q21 Origination Tally: An Increase for BofA, A Decline for Wells Fargo October 14, 2021 Paul Muolo Lower all-around at Wells Fargo: home lending, mortgage servicing rights, branches and employees...Read More
MBA Expects At Least 3,200 at Annual Confab in San Diego. Masks? October 14, 2021 Monica Hogan Some lenders are sending big contingents to the trade show., while others are staying home...Read More
A First Post 2010: Non-Agency MBS Backed by Ginnie Buyouts October 14, 2021 Brandon Ivey Waterfall Asset Management acquired the FHA mortgages from various third-party sellers in 2019 and 2020...Read More
An Origination Gain for JPM in 3Q21, A Nice Increase in MSRs October 13, 2021 Paul Muolo One interesting side note: The bank grew its third-party servicing portfolio to $509.3 billion, up from $463.9 billion at mid-year, a sequential gain of 9.8%.Read More
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