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Servicers Face Busy Autumn Thanks to Forbearance Exits

August 10, 2021
Monica Hogan
Black Knight: “While some borrowers will elect to leave forbearance early between now and their final expiration, servicers are still facing significant operational challenges"...
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Yet Another Gain for Mortgage Employment

August 9, 2021
Paul Muolo
Another record reading for mortgage employment? Looks that way...
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Wholesale Loses Ground in 2Q21, Correspondent Gains

August 9, 2021
United Wholesale Mortgage remained the top seller of broker loans with $41.07 billion during the second quarter, a 2.5% drop from 1Q21.
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Agency MBS Issuance Down in July Despite Ginnie Mae Gain

August 6, 2021
John Bancroft
The two GSEs securitized $98.14 billion of refi loans in July, the lowest monthly volume since March of last year, when the Federal Reserve sparked a massive refi market by pushing interest rates to record lows.
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Not a Pretty Picture for the Mortgage IPO Class of ’20-21

August 6, 2021
Paul Muolo
It's hard out there for a publicly traded mortgage company, especially for the recent IPO class...
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In 2Q21, the MSR Gains Continue for Nonbanks

August 5, 2021
The appeal of owning MSRs seems to be lost on commercial banks. Will the trend line ever change?
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Flagstar Top Contributor to Expanded-Credit MBS in 2Q21

August 4, 2021
Brandon Ivey
Some $1.12 billion of ECMs originated by Flagstar were included in non-agency MBS during 2Q21. The lender is slated for sale to NYCB.
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A Healthy Market for Ginnie EBOs? Looks That Way

August 4, 2021
Paul Muolo
Ginnie early buyout activity has been rising steadily since early 2020, right before the pandemic struck.
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An Across-the-Board Drop in Mortgage Complaints

August 4, 2021
Lisa Burden
On the origination side of the ledger, issues with loan applications decreased 7.0% to 1,613...
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Fannie Reports Stellar 2Q21 Earnings, Says the AMRF Not a Big Contributor

August 3, 2021
Paul Muolo
Fannie’s net worth position increased to $37.5 billion, up 47.4% from a year ago.
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