Moreover, the REIT has already inked deals to buy another $40.0 billion, transactions that are expected to close by March 31. 

“The next major milestone for FHFA is the re-proposal of the capital rule, which will happen in the near future,” said FHFA Director Calabria.

One advisor noted in an email exchange: “The market thinks the deal is just waiting on NYS. You know how that goes: S-L-O-W.”

In December, Mr. Cooper reported that pre-tax profit margins on originations fell to 1.1% in October and November from 1.3% in the third quarter.

Flagstar also revealed $4.9 billion of "flow” servicing sales during 4Q19...

Lakeview booked $7.85 billion in bulk Ginnie MSR transfers during the fourth quarter. The biggest chunk, $3.40 billion, came from United Shore Financial Services, the parent of United Wholesale Mortgage, the nation’s fifth largest home lender.

According to market observers, People's United is committed to agency and government-related warehouse finance and was happy to find a home for ResX and its six or so employees.

Radian bought Clayton in 2014, paying a hefty $305 million for the business, a price that many observers thought was a bit rich.

The portfolio is top heavy in Texas product at 50.1%.

In general, commercial banks have avoided wholesale mortgage lending like the plague. But not Blue Ridge.