Lenders Selling Servicing Amid Pressure on Profits August 26, 2022 Dennis Hollier Before the pandemic, lenders sold their MSR 80% of the time but after COVID, they retained 70% of their MSRs. Now, the split is 55/45.Read More
To Modify or Not to Modify: CRE vs. CMBS August 25, 2022 Dennis Hollier Different modification rates for commercial MBS and bank lending affect loan terms for borrowers and delinquency rates.Read More
Smaller MBs Affected the Most by Servicer Eligibility Rules August 25, 2022 Dennis Hollier One analyst believes the rule change has already contributed to further widening of spreads for Ginnie securities over Treasuries.Read More
Analysts Eye New Eligibility Rules for Servicers August 25, 2022 Dennis Hollier Ginnie spreads over Treasuries have widened in the wake of the newly announced capital and liquidity requirements for nonbank servicers.Read More
Housing Affordability an Issue, FHFA Establishes a New Advisory Panel August 24, 2022 Dennis Hollier Members of the new panel will be chosen by the FHFA director...Read More
FHFA Tweaks GSE Multifamily Goals for 2023-24 August 23, 2022 Dennis Hollier The new benchmarks are based on the percentage of affordable units, rather than the absolute number...Read More
Equifax Credit Score Snafu May Have Had Wider Impact August 22, 2022 Dennis Hollier Fannie Mae said it’s still working with Freddie and the FHFA to “assess the impact" of the incident...Read More
FHFA and Ginnie Align Financial Eligibility Requirements August 18, 2022 Dennis Hollier The federal entities appear to have accommodated many of the concerns of small and mid-sized seller/servicers, reducing some requirements and eliminating others.Read More
Reporting Timeframe for TBA Trades Could Shrink August 18, 2022 Dennis Hollier FINRA and the MSRB plan to cut the reporting time for TRACE-eligible trades from 15 minutes to just one.Read More
Short Takes: LoanDepot Executives Keep Selling Shares / No More Confusion Regarding CHLA and CMLA (They’re Merging) / Better’s GSE Numbers / Fay Reaches Deal With MA AG August 18, 2022 Dennis Hollier, Sam Manas, and Paul Muolo More loanDepot executives are selling shares in the firm...Read More