More gas left in the mortgage IPO tank? Some...

In a research note, Keefe, Bruyette & Woods said that following Gilbert’s stock sale his interest in Rocket Companies will drop to 93% from 94%.

Meanwhile, one Ginnie EBO investor (not a servicer) said prices for such loans in the secondary market were getting expensive...

HUD's Fudge: "We continue to monitor mortgage performance trends within our portfolio, particularly related to those homeowners who are struggling financially because of the pandemic.”

Meanwhile, industry consultant Christopher Whalen noted, “What a difference a year makes. Twelve months ago, some of the industry’s largest independent mortgage banks were in danger of tipping over due to the liquidity wave unleashed by the FOMC in response to COVID."

Odeon’s new price target on Fannie/Freddie common: $2.00, up from $0.50...

Thanks to rising rates, mortgage stocks have been under pressure of late but most of the declines have affected lenders that recently went public as opposed to “older” firms such as Mr. Cooper and PennyMac Financial Services.

Have you noticed of late that regulators haven’t voiced their concerns about the financial health of nonbanks? Perhaps they’ve seen the stellar 2020 results...

The MSR totals are based on February loan production by this particular seller...