Yet more bulk servicing deals are percolating. The latest offering is a $3.87 billion Ginnie Mae package from Mortgage Industry Advisory Corp., New York...

As LBA Ware CEO Lori Brewer put it, “They were rewarded for their long hours with robust compensation checks.” However, with rates predicted to fall in 2021, loan teams will probably have to focus more on purchase loans, Brewer said.

Overall, Freddie said its multifamily arm financed 803,000 rental units, more than 95% of which qualified as “affordable.”

The concern centers on a clause that states beginning January 2022, the FHFA will cap the amount of mortgages any lender can deliver to the cash window at $1.5 billion over any four-quarter period.

The FHFA IG highlighted the agency’s failure to ensure the boards of the two GSEs are notified after its Division of Enterprise Regulation has identified serious deficiencies in management. The OIG said this has been the state of affairs since at least 2016.