It was a wild ride (down) in the stock market this week, thanks to economic fears tied to the coronavirus. Of course, bonds soared and rates tanked. MBS implications?
Low interest rates are great for lenders but servicers are having a tough time of it, especially shops looking to unload product. One dealmaker is advising clients to sell MSRs now before they “vaporize.”
2019 was a banner year for warehouse mortgage providers, thanks to strong nonbank originations in the primary market. And now it appears that 2020 could be even better.
With non-QM lending accelerating along with MBS issuance, many warehouse managers are now happy to admit that their banker-window is open for business, always has been.
Ocwen is losing a big subservicing contract with REIT New Residential but isn't worried about the development because the contract was unprofitable in the fourth quarter...
This morning we asked a handful of loan officers and mortgage executives whether they’re seeing a noticeable uptick in refi applications. This from one official at Equity Prime Mortgage in Atlanta: “Yes. It’s absolutely insane now…”