A Slight Lull in Mortgage Servicing Auctions, Prices Ebb June 3, 2022 Paul Muolo The peak in prices could be over, for now...Read More
Mr. Cooper Forecasts a Break-Even 2Q, Excluding MSR Marks… June 2, 2022 Paul Muolo The nonbank revealed it anticipates “roughly break-even net income” for the second quarter, excluding potential mark-to-market gains on its massive MSR holdings...Read More
Citi Picks Mortgage Expert for Latest MDI Rotation Program June 1, 2022 Monica Hogan Citi continues to pay the employee's salary while they work for the MDI...Read More
MSR Share of Assets at Nonbanks Varies Widely May 26, 2022 Paul Muolo FHFA and Ginnie have grown uneasy with the fact that so many nonbanks have come to dominate the servicing business.Read More
Nonbanks Ride MSR Valuations to Higher 1Q22 Earnings May 25, 2022 Rising mortgage rates and Treasury yields cause MSR valuations to spike.Read More
Short Takes: Delinquencies Decline / No Foreclosure Surge / Home Sales Slow / Longbridge Names New COO May 23, 2022 Brandon Ivey and Monica Hogan Delinquencies and foreclosure starts both declined in April on a monthly basis.Read More
FHFA, Ginnie Provide Updates on Nonbank Liquidity Progress May 20, 2022 Brandon Ivey One of the biggest issues regarding the FHFA proposal: the liquidity buffer and committed financing lines...Read More
A New MSR Offering From Prestwick. MIAC Busy as Well May 19, 2022 Paul Muolo The Prestwick Group is brokering a $618 million portfolio of Fannie Mae/Freddie Mac product.Read More
Jumbo Servicing Balances Up Slightly in 1Q22 May 18, 2022 Brandon Ivey JPM's jumbo servicing portfolio declined 2.6% to $199.42 billion during the first quarter...Read More
Sources: USAA Inks Large MSR Deal With Mr. Cooper. Details? May 13, 2022 Paul Muolo Those MSR acquisitions, by the way, have been prescient for Mr. Cooper...Read More
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