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Trump Tightens Control Over Federal Agencies, Including the FHFA

April 24, 2019
Dennis Hollier

MSR Sales (Transfers) Down Sharply in 1Q19

April 24, 2019
John Bancroft

The top buyer in the MSR sector was Mr. Cooper Group… 


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Short Takes: Believing in Big Payoff (Someday) / A Nice Return Based on 2019 Calculations / WMC Files for BK / Starting Out in Life as Weyerhaeuser / Two Lenders Form a Combo

April 24, 2019
Paul Muolo

Industry vets might recall that WMC started out in life as Weyerhaeuser Mortgage...


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OIG: FHFA Understated Cost to Develop UMBS Platform

April 23, 2019
Dennis Hollier

As early as October 2016, the FHFA was aware the project was "off track" and additional costs were likely, the IG said...


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A $32.8 Million Loss in 2018 for Lender Bought by NSM in Early 2019

April 22, 2019
Paul Muolo

In 2018, Pacific Union had total expenses of $268.6 million, of which $164.1 million went for personnel...


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A Scorcher of a Month for Agency MBS Trading

April 22, 2019
Paul Muolo

The non-agency market, which is dwarfed in size by agencies, saw $3.0 billion in securities change hands on a daily basis in March, the strongest reading since June of 2018.


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Large Nonbanks Forge Ahead in GSE Servicing

April 22, 2019
John Bancroft

Nonbanks have increased their GSE portfolios by $95 billion over the past year...


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Phoenix Offers Almost $15B of MSRs. Seller Prefers a ‘Non-Solicitation’ Period of 24 Months

April 19, 2019
Paul Muolo

One of the stipulations of the sale is that the buyer of the package cannot attempt to refinance the loans for at least 24 months – an indication the seller could be a wholesaler.


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Short Takes: Layoffs of Almost 1,000 at Ditech / Employee Retention Woes / Fannie Mae is a Large Customer / JPMorgan Readies Another Prime Non-Agency Deal / Quicken Teams up with Airbnb-Like Firm

April 18, 2019
Brandon Ivey and Paul Muolo

The Chapter 11 bankruptcy filing also reveals that Fannie Mae is a large subservicing client of Ditech’s, though not its largest. That distinction belongs to New Residential Mortgage, the REIT…


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Short Takes: A Record Non-QM Quarter for Angel Oak / $9.7B Under Management / Good News for FHFA, Bad News for HUD / Filling the Holes / Take Our Servicing Trivia Test

April 16, 2019
Paul Muolo
A record production quarter for Angel Oak...
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Latest Imf News

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