Green Shoots for GSE MBS Issuance. However... June 9, 2025 Paul Muolo The GSEs lost share to FHA and bank portfolios. Freddie Mac accounted for almost all of the decline.Read More
It’s Late Spring and Mortgage Hiring Is Muted June 9, 2025 Paul Muolo Unfortunately, the federal government’s figures offer no breakdown on production and servicing-related mortgage jobs.Read More
Short Takes: A Debt Re-do for Rocket / Condo Prices Get Hit / Fed Launches Annual Nonbank Study / Widening Swap Spreads / CFPB Rule Changes / Covius Buying Title365 June 9, 2025 Paul Muolo and Shannon Clark A new analyst report on mortgage REIT Dynex Capital notes that mortgage-backed security spreads over swaps are 200 basis points.Read More
Dimon Predicts Problems for Bond Market, MBS Spreads June 5, 2025 Paul Muolo JPM chief Jamie Dimon warned the bond market could crack up one of these days because the White House seems to be ignoring America’s debt problem.Read More
Servicing Sales Head North in June, Prices Too June 5, 2025 Paul Muolo Once again, MSR sales are on a tear. The reason: conventional mortgage rates near 7.00% and a feeling of take the money while you can.Read More
Slow Growth for Subservicers as UWM Move Pending June 5, 2025 Paul Muolo The subservicing sector could be at a crossroads. The issues: slow growth, consolidation and some large clients moving the process inhouse. (Includes data table.)Read More
Cost Cutting Is Over? Nope, Not Yet June 2, 2025 Paul Muolo The Garrett, McAuley & Co. consulting firm believes the home-lending industry "probably needs to cut costs even more.”Read More
Bank of Oklahoma Sets Its Sights on Warehouse Lending, MSR Loans June 2, 2025 Paul Muolo Bank of Oklahoma also will make loans backed by mortgage servicing rights.Read More
Short Takes: Dimon's Warning / Trading in a Tight Range / Fraud, but a Criminal Probe? / More Sellers Than Buyers / A Proposed Change in Underwriting Requirements June 2, 2025 Paul Muolo and Abby Zimmardi A sea change in the housing market? Sellers outnumbering buyers?Read More
MBS Trading Drops in April May 30, 2025 Paul Muolo Daily trading volume in agency MBS hit its lowest point earlier this year.Read More