$6B of Ginnie MSRs Up for Grabs, An EBO Angle As Well September 28, 2021 Paul Muolo Loan-level data is available to bidders who sign a non-disclosure agreement...Read More
More COVID Tools: FHA Seeks Feedback on 40-Year Loan Modification September 28, 2021 Monica Hogan Fannie Mae and Freddie Mac already offer 40-year loan modification terms.Read More
Retail (FHA/VA) Holds Up Slightly Better in 2Q21 Slump September 27, 2021 John Bancroft Freedom Mortgage was the top retail government lender in the first half of 2021...Read More
Details Out on Home Point’s $15 Billion MSR Auction September 17, 2021 Paul Muolo Home Point, which went public earlier this year, has been the subject of recent downgrades...Read More
Ginnie MBS Issuance Down in Most Categories in August September 14, 2021 John Bancroft Production was down for both purchase and refinance loans.Read More
Biden Nominates Former Fannie, JPM Executive McCargo to Helm Ginnie Mae September 14, 2021 Monica Hogan Former Ginnie president Ted Tozer said now that Biden has made his pick, he hopes the process moves forward in a timely manner.Read More
Short Takes: Finally, a Ginnie President? / A Debt Revival? / High Expectations for Penny Mac / New Lows (for Some MBs) / Enact Readies IPO September 13, 2021 Paul Muolo Time for more debt offerings? It depends on who you are.Read More
Worries Over the Ginnie RFI and MSR Values? Maybe Not... September 9, 2021 Paul Muolo What happened? Servicing advisors sharpened their pencils, studied the proposal and concluded it won’t be so bad after all.Read More
Ginnie EBOs — The Investment Game Continues September 2, 2021 Paul Muolo PennyMac Financial Services, the nation’s second largest Ginnie servicer overall, listed buyouts of $11.6 billion for the six-month period ending June 30...Read More
Moody’s Highlights the Strengths/Weaknesses of Nonbank Mortgage Firms September 1, 2021 Paul Muolo In a new report, the rating service notes the “extensive” MSRs of nonbanks “often make the quality of their capital much weaker than that of banks.”Read More