McGarry is the second CEO of a top-25-ranked lender to announce their retirement this year.

The MSRs have roughly 26 months of seasoning...

RAMS is offering non-QMs in whole-loan form...

SPS has a portfolio size of $141.0 billion and a dominant market share of 42.9%...

The FOMC question: 25 bps or maybe nothing?

SVB’s holdings of available-for-sale MBS totaled $8.46 billion or just 4.0% of its total asset base...

Did examiners at the FDIC realize there were such large unrealized losses in the HTM accounts of these banks?

It’s not a good time to be looking for work in the residential finance industry. However, the recent bank liquidity crisis caused interest rates to fall, which could improve the production outlook.

On any given day, a buyer can be found for two of the most liquid assets out there: Treasuries and MBS. But that doesn’t mean they can be sold at a profit. If anything, the bank liquidity crisis reminded us: Don’t put all your assets in one held-to-maturity basket. (Includes data chart.)

Some regional banks have been paying higher interest rates to attract escrow money...