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%.

As might be expected, the move rattled lenders who are now trying to figure out the ramifications of a patch-less mortgage world...

Some $81.01 billion of non-mortgage ABS came to market in the first quarter, a hefty 85.8% gain from the previous period.

The two government-sponsored enterprises saw a steeper 20.4% drop in purchase-loan volume, while the government-insured market fell 16.9%...

Bottom line: These smaller shops will need to make additional capital investments to effectively compete against larger seller/servicers.

At press time, mortgage stocks were mixed (up or down slightly), with the exception of Fannie Mae and Freddie Mac. Both were up about 5%...

Although the smart money is on a late May or early June decision in the GSE case, some observers believe the court could rule earlier than that —  in fact, the decision may be imminent.

The culprit: a downturn in purchase-mortgage activity...

In 2017, the Inspector General found 57 instances, over a five-year period, of violations of the COI policy in place at the time. The wrongdoers: senior executive officers...