Recent Treasury Department figures show foreign holdings of agency MBS grew by $42.9 billion from March to June…

Freddie Mac declined to say how much credit it had extended under the pilot, though a spokesman said it was under $1 billion. 

Combined, Fannie Mae, Freddie Mac and Ginnie Mae accounted for 63.0% of total home mortgage debt outstanding at the end of June.

The publicly traded Impac is based in Irvine, CA. Its share price is currently at $7.34, more than double what it was in June. Donatacci will split his time between California and New York.

The press-shy Cenlar – which has a thrift charter – continued to dominate the subservicing rankings with a market share of 21.3%...

The CSBS report: “Thin liquidity margins, especially when coupled with the other risks identified above, can put a nonbank in a sudden compromised position triggered by a reduction in revenues or other market or economic events such as volatile interest rates that can have significant impact on the value of MSRs.”

A thirst for yield has spurred some large big-name banks to invest in hard-money loans, albeit quietly…

One source said a $30 billion bulk servicing portfolio went out for bid but was unclear whether the receivables actually traded...

Freddie Mac was active in the MSR financing sector while Fannie stayed mostly on the sidelines.

PiperJaffray said management expects to sell assets “to increase cash to prepare for” a 2021 unsecured debt maturity event. The research firm rates the nonbank’s stock as “underweight.”