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Hardest Hit by COVID-19: Lodging and Retail Loans

September 14, 2020
Yemeng Yang

MBA: The onset of the COVID-19 pandemic had a dramatic and immediate impact on lodging and retail properties, which flowed through to the underlying mortgages...


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IMA Sets Auction of Fannie/Freddie MSRs

September 14, 2020
Paul Muolo

The MSRs are top heavy with California product at 44%...


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Refi Blues: Servicers Not Doing a Very Good Job of Retaining Their Own Customers

September 14, 2020
Brandon Ivey

However, some lender/servicers stand out with higher retention rates. Quicken is one of them...


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Bank MSR Values at the Lowest Level Since 2012

September 14, 2020
John Bancroft

MSR values sank over 34% during the first seven months of 2020, according to a July update from Mike Carnes, managing director of MSR valuations at MIAC Analytics.


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Short Takes: Mortgage Credit Continues to Tighten / CFPB’s QM Proposal Not Enough to Help Non-Agency Market / California’s Worst Wildfires / NYDFS Issues Guidance on Mortgage Registration Fees

September 11, 2020
Yemeng Yang

Mortgage credit supply in August fell to its lowest level in six year, driven by a reduction in supply from both conventional and government segments t, according to a recent tally by the Mortgage Bankers Association.


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Short Takes: Foreclosure Filings Increase / Carrington Resumes Originating Non-Agency Mortgages / New President at Flagstar / United Wholesale Drops Rates for Cash-Out Refis

September 10, 2020
Brandon Ivey

Foreclosures posted an unexpected increase of 11% in August...


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Ginnie Mae Forbearance Reading Inches Up, Remains Stubbornly High

September 8, 2020
Paul Muolo

MBA's Mike Fratantoni: “The share of Ginnie Mae loans in forbearance increased again ... as the current economic crisis continues to disproportionately impact borrowers with FHA and VA loans."


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Mortgage Bankers and Brokers Keep Adding Jobs

September 8, 2020
Paul Muolo

Loan brokerage firms have increased employment by 16.3% year-over-year...


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Non-Agency Investors Could See Reduced Cash Flows

September 4, 2020
Brandon Ivey

the good news: Mortgage servicers so far have been advancing principal and interest on missed payments to the secondary markets...


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Lenders, Consumer Groups Don’t See Eye to Eye on Advisory Opinion Program

September 4, 2020
Yemeng Yang

Under the proposal, the CFPB will accept requests from third parties, such as trade associations or law firms, on behalf of unnamed financial entities.


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