Fun fact: Among the top 10 wholesalers, not one is a depository…

The Fed boosted its MBS holdings by a stunning 39.7% in 2Q20 while commercial banks posted a mere sequential gain of 1.6%...

Meanwhile, depositories upped their production game by 48% compared to the first half of 2019...

The only declines in IO production among the group were at non-depositories...

The acquisition includes Cohen’s servicing and asset management clients and roughly 120 employees.

At June 30, subservicers handled 26.5% of all outstanding first liens in the U.S., a slight decline compared to March 31 of this year. 

The soft performance in the FHA/VA market was all due to declining production in the correspondent and wholesale-broker channels. Retail originations of government loans were up 38.4% for the survey group.

According to Inside Mortgage Finance, consumers owe $11.29 trillion on their first-liens, which means $782.1 billion worth of loans are potentially at risk.

Both MFA and Starwood are involved in the market for non-qualified mortgages.