In a speech this week before the annual secondary market conference of the Mortgage Bankers Association, FHFA Director Mark Calabria sounded a little bit like the Mark Calabria of the Cato Institute.
We're halfway through the second quarter and MSR sales are middling, a byproduct of lower interest rates and what may lie ahead. However, dealmakers believe 2H could bring a boom in sales activity.
Conventional-conforming lending still accounted for over half of first-lien originations in early 2019, but the sector also saw the biggest rate of decline from the previous period. Booming refi business helped the jumbo market.