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MBS Trading Takes a Rest During the Summer

August 30, 2021
Paul Muolo
For the most part, the uniform MBS 2.0 (Fannie Mae/Freddie Mac) remains the industry’s benchmark as lenders continue to produce new loans —and MBS — at a decent clip but under a cloud of lower profit margins.
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Short Takes: Ginnie Capital Standards and MSR Sales? / A Successful Auction of Fannie MSRs / Home Point’s New Low / Young Mortgage Firms? / Banks as Wholesalers?

August 30, 2021
Paul Muolo
The Dow can be unforgiving on nonbank mortgage stocks...
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REIT MBS Holdings Slide as Firms Diversify Investments

August 27, 2021
John Bancroft
Fun fact: The top three "'mREITs" all reported declines in their MBS portfolios. AGNC Investment held the top ranking...
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Correspondent Platforms Took the Biggest Hit in 2Q21

August 26, 2021
John Bancroft
The nation's three largest retail lenders during 2Q21: Rocket Mortgage, Wells Fargo Bank and loanDepot...
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loanDepot Secures Borrowing Facility with Bank of America

August 26, 2021
Paul Muolo
The credit line, in the form of a master repurchase agreement, was signed on Aug. 20 and expires Sept. 27.
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The (Large) Servicer Delinquency Rate Falls to 4.56%

August 26, 2021
Brandon Ivey
Residential delinquencies declined across different buckets, led by borrowers who were more than 90 days past due...
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The Final Tally: Nonbank Earnings Plummet as Margins Shrink in 2Q

August 25, 2021
John Bancroft
Nonbank earnings season is over. The bottom line: profits fell, but that was to be expected. The big question: Where do we go from here?
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As Summer Comes to An End, Applications Rise

August 25, 2021
Paul Muolo
The FHA share of total applications increased to 11.0% of the pie compared to 9.4% the week prior...
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Banks Change Course and Add Servicing-for-Others. However...

August 24, 2021
John Bancroft
Federally insured depositories reported $3.088 trillion of servicing-for-others at June 30, mostly representing loans residing in MBS trusts...
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Mr. Cooper Reveals Potential Stock Sales by Chairman/CEO

August 24, 2021
Paul Muolo
The 10b5-1 plan was designed to comply with SEC rules and the lender's insider trading policies and guidelines.
Read More
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Latest Imf News

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