Can HUD, FHA and Ginnie survive with 50% fewer workers? Fasten the seat belt and put on your helmet. We may soon find out.

Gain-on-sale is one of the most watched measurements of how a lender’s profitability is holding up. So far, GOS measurements at reporting companies have been a mixed bag.

Some servicing advisors believe that, at the very least, Ginnie approvals on sale of MSRs will slow.

At yearend, UWM owned roughly $229.5 billion of MSRs.

At press time, Fannie’s common was trading on the “pink sheets” for $7.20 a unit while Freddie’s was going for $6.44.

At least 50 jobs have been slashed at Ginnie.

Bargains are to be had in the multifamily loan sector as long as you can find a willing seller that’s trying to clean up its books. One such sale involved HomeStreet Bank in the Pacific Northwest.

UWM is pondering sales of $52 billion of product. Will other sellers follow suit or maybe opt for a bank-financing transaction?

Subservicing giant Cenlar created the post of chief banking and capital markets officer, hiring JB Long to man the post.

Absent APOR figure, lenders and mortgage-backed securities buyers would be uncertain whether loans were QM.