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%...

The seller is described as a bank-owned mortgage company, one with “very experienced leadership that is well-versed in servicing transfers.”

American International Group (once the property of the U.S. government) is preparing to issue a $426.4 million jumbo MBS...

When it comes to Ginnie EBOs, sales are done both servicing-retained and servicing-released.

BTIG predicts that the “backup in interest rates” in 1Q21 likely trimmed originator gain-on-sale margins “especially" for correspondent lenders...

RAMS: “Large, medium, and small originators are all in the same boat looking for new outlets for this product.”

For the week ending March 30, the relief count dropped by 33,000 units. Key point: Forbearance starts fell to their lowest weekly volume (30,000) since the beginning of the pandemic…