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Inside Mortgage Finance

January 14, 2021

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Nonbanks Extend Footprint in Agency MBS Servicing

Freddie Mac saw the biggest gain in agency MSR during the fourth quarter, fueled by a hefty 18% increase by independent mortgage companies. Ginnie servicing fell slightly despite growth among nonbanks. (Includes two data charts.) Read More

Not Bad: $38 Billion of MSRs Offered Over the Past Few Weeks

The long-awaited recovery in MSR sales may finally be here. It appears Ocwen and Freedom were the winning bidders on a $25 billion Quicken portfolio. Read More

Is Wall Street Running Out of Mortgage IPO Candidates?

Every nonbank mortgage company and its brother is going public these days. Right? Well, not everybody. Read More

FHFA Ends COVID-Related Early Forbearance Loan Policy

Fannie and Freddie will no longer purchase loans that go into forbearance before delivery. They have, however, begun charging a 50-bps adverse market fee for essentially all refis. Read More

Ocwen-CFPB Mediation Talks Expire

Mediation between Ocwen Financial and the CFPB to resolve a four-year-old lawsuit ended without an agreement. The nonbank’s motion for summary judgement in the case is still pending. Read More

Will the New QM Rule Readjust Mortgage Sector Market Share?

The new standards for qualified mortgages will provide lenders more underwriting options. But how much change that will bring in product market share remains to be seen. Read More

OIG Finds FHA Insured Loans Without NFIP Coverage

Almost $1 billion of mortgages endorsed by the FHA in 2019 had private flood insurance, making them ineligible for FHA coverage. Read More

Grapevine: Margin Compression? A Spike in New Business

Primary/secondary spreads are thinning. Meaning? Also, former Fannie executive Andrew Bon Salle lands at Home Point right before its IPO. Read More

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