A Blowout 2Q21 for Freddie: Credit the Adverse Market Refi Fee July 29, 2021 Paul Muolo It’s highly likely the adverse market refi fee boosted Fannie Mae’s revenues as well, but that GSE won’t release earnings until next Tuesday.Read More
Weaker 2Q Mortgage Results From Flagstar. Bank Ups Its Game in EBOs July 28, 2021 Paul Muolo Flagstar's gain-on-sale margin fell to 135 basis points compared to 184 bps in 1Q21. The company also reduced the asset value of its mortgage servicing portfolio...Read More
ABS Issuance Falters in 2Q but 2021 on Pace for Big Year July 28, 2021 With American Airlines grounded, issuance of business-class ABS fell $6.03 billion, or 23.0%, from the first to the second quarter.Read More
LO Earnings Get Clipped in 2Q21 July 27, 2021 Paul Muolo Loan officers and their processors alike are earning less these days...Read More
Nonbanks Still Pulling GSE Servicing Train in 2Q21 July 27, 2021 John Bancroft Freddie had the hot (MSR) hand in 2Q21...Read More
Ginnie MSR Transfers Surge, GSE Sales Decline July 26, 2021 John Bancroft The bulk transfer figures reflect deals that were struck in prior quarters...Read More
MBS Trading Sags but a New Benchmark is Born July 23, 2021 Paul Muolo Just when you thought rates were in an upward trend, a reversal occurs...Read More
Short Takes: Awash in Borrowing Authority / A Buyer of MSRs? / Expressing a Desire to Grow / A New Nonagency MBS From Verus / Kraninger Lands / A Promotion at Freddie July 23, 2021 Paul Muolo Will Quicken actually buy MSRs? It certainty has the cash...Read More
Fannie and Freddie Hit the Mother Lode With the Adverse Market Fee July 22, 2021 Dennis Hollier COVID-related mortgage losses have been minimal, allowing the GSEs to benefit...Read More
MI Sector Benefits from Strong Purchase Activity in 2Q21 July 22, 2021 John Bancroft Sales of conventional loans with private MI to Fannie Mae and Freddie Mac recorded a bigger 10.3% increase from the first quarter.Read More
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