Mr. Cooper was the top buyer of bulk agency MSR packages, with a huge chunk of it coming from United Wholesale Mortgage. Coissuance activity also increased. (Includes three data tables.)
Loan performance deteriorated across most late-payment categories in the agency mortgage-backed securities market in the second quarter. However, delinquency rates remained lower than six months ago. (Includes data table.)
A lack of financial sophistication leads borrowers to overpay for a mortgage, according to new research. Analysts at the Urban Institute suggest that federal agencies could help address the issue.