When did the salary inflation start? Back in April — when the COVID-19 pandemic accelerated in the U.S....

The trend of sharply declining repurchases commenced in 2014 as investors and sellers began settling buyback claims on mortgages dating back to before the financial crisis.

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.