Zillow Group, which has tentacles in the mortgage industry, in late February announced that Rich Barton, the firm’s co-founder and former CEO, is returning as chief executive. Spencer Rascoff, a co-founder who has served as Zillow’s chief since 2010, will step down but will stay on as a director.
Warehouse lenders ended the year with $64.0 billion of commitments on their books, a modest 1.4% sequential decline and flat compared to the same period a year ago, according to survey figures compiled by Inside Mortgage Finance. [Includes one data chart.]
The average daily trading volume in agency MBS spiked northward in January, increasing 18.3% on a sequential basis, according to figures compiled by the Securities Industry and Financial Markets Association.
The Federal Housing Finance Agency late this week issued a final rule aimed at improving liquidity of the to-be-announced MBS as well as the new uniform MBS, which makes its debut in early June.