After UWM, the largest sellers of bulk MSRs were Quicken Loans, Amerihome Mortgage, Caliber Home Loans and Wells Fargo.

In the grand scheme of things, longer close times may not seem like a disaster but for nonbanks using warehouse lines of credit that means loans have longer dwell times…

On his LinkedIn page, Weinbach lists himself as “On Garden Leave.”

One advisor noted in an email exchange: “The market thinks the deal is just waiting on NYS. You know how that goes: S-L-O-W.”

Two servicing advisors believe most nonbanks have made so much money the past year (thanks to the refi boom) the extra capital charges should be no big deal…

If the Dow blows sky high interest rates could crumble…

Among the more interesting changes: the FHFA, for the first time ever, is asking GSE customers to hold capital against the dollar amount of Ginnie Mae mortgages they service: 35 basis points.

Valentin joins the government agency from Compass Point Research and Trading Group where he served as managing director/equity research analyst.