The game is on: Ginnie Mae buyouts for loss mitigation/foreclosure purposes spiked in 1Q21 to $9.7 billion...

Fannie’s RPL activity has consisted entirely of whole-loan sales. Freddie, on the other hand, continues to focus its RPL activities on the securities side of the business.

Amazingly, there were no bulk transfers of Ginnie MSRs. None.

Historically, rich and poor borrowers have had roughly the same likelihood of refinancing: a probability of 1.14%.

On the home-equity lending side of the aisle, the San Francisco-based bank funded $623.6 million worth of seconds, a slight increase from 4Q20...

JPMorgan Chase was the top issuer of prime non-agency MBS with $4.08 billion in first-quarter issuance...

The termination fee on the NRIC-Caliber deal: $25 million.

Nonbanks continued to amass agency servicing market share in early 2021 as many depository institutions allowed their portfolios to shrink.

Owned by Lone Star Funds, Caliber late last fall filed to go public but the IPO has been on hold for undisclosed reasons. Meanwhile, NRIC also said this morning that its previously announced IPO of NewRez will proceed.

Some $3.86 billion of expanded-credit MBS was issued in the first quarter, up 13.2% from 4Q20...