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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...
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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%.
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Seniors’ Complaints About Mortgages Jump in 2021

October 13, 2021
Namrata Bhatia
Seniors — age 62 or older — filed 1,987 mortgage gripes during the first six months of the year, up 36.1% from the same period last year...
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Chopra Sworn in at the CFPB. Kudos and Concerns…

October 13, 2021
Brandon Ivey
John Ryan, president and CEO of the Conference of State Bank supervisors, suggested that cooperation between the CFPB and state regulators will be particularly important.
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A Quandary: What FHA Lenders Can Use to Calculate Adjusted Net Worth

October 11, 2021
Monica Hogan
Scott Olson, executive director of the Community Home Lenders Association, suggested FHA take a second look at the changes...
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Non-Agency MBS Market at an Inflection Point?

October 8, 2021
Brandon Ivey
The concerns, voiced by Granovskaya and other participants at the event, are tied to an expected decline in the supply of loans for non-agency MBS.
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Mortgage Employment Declines. The Beginning of a Trend?

October 8, 2021
Paul Muolo
Some lending shops are still looking to hire loan officers.
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Industry Hoping Ginnie Capital Proposal Is Softened Or...

October 8, 2021
Paul Muolo
One person opposed to the idea is Scott Olson, executive director of the Community Home Lenders Association, a trade group that was among the first to ask Ginnie to withdraw the RFI...
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Mortgage Servicing Market Heats Up as Bidders Line Up

October 7, 2021
Paul Muolo
Firms that made big bets by purchasing bulk product in the secondary market earlier in the year are already sitting on gains.
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Rocket Issues New Debt, Buys Back Old Debt

October 7, 2021
Paul Muolo
The debt market isn't open for every nonbank, at least at a decent price...
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