There Goes the Mini Refi Boom? October 21, 2024 Paul Muolo Sales of MSRs have been slow, but some owners of MSRs could decide to unload a portion of their holdings...Read More
Western Alliance Boosts Originations in 3Q, Revenue Down October 18, 2024 Brandon Ivey While production increased, mortgage-banking revenue at Western Alliance declined by 31.0%.Read More
Short Takes: Update on Mr. Cooper’s Acquisition of Flagstar Assets / Home Sales Slow in CA / Interest Rates Up Again / FHLBanks Boost Affordable Housing Contributions October 18, 2024 Brandon Ivey Flagstar is on track to sell its mortgage servicing business and third-party origination business to Mr. Cooper Group during the fourth quarter.Read More
Ginnie Eyes Resources to Support Loan-Level Issuance October 16, 2024 Monica Hogan Ginnie Mae Acting President Sam Valverde said loan-level securitization could help liquidity.Read More
Wells Fargo’s Cuts to Mortgage Staff Level Off October 14, 2024 Brandon Ivey Wells originated $5.5 billion of mortgages through the retail channel in the third quarter of 2024, down 14.1% from the third quarter of 2023.Read More
Short Takes: Radian Back With Jumbo MBS / Refi Share at Wells / PHH Servicer Ratings Affirmed / New Issuer of Home Improvement ABS October 14, 2024 Brandon Ivey An affiliate of Radian Group is marketing its second jumbo MBS.Read More
Agency Servicing Tops $9.0 Trillion in Third Quarter October 11, 2024 John Bancroft Total servicing tied to agency single-family mortgage-backed securities rose to $9.004 trillion as of the end of September.Read More
Short Takes: Still No Capital Re-Proposal / Winner of NPL Auction / Compliance Dataset From MISMO / NYMT Back With IPL MBS October 11, 2024 Brandon Ivey No indication yet from federal regulators on when a planned re-proposal of capital requirements for large banks will be issued.Read More
Foreclosures Decline in Third Quarter; Many Alternatives October 10, 2024 Brandon Ivey Foreclosure activity declined by 2% in the third quarter of 2024 compared with the previous quarter.Read More
Trended Credit Data Offers New Insights on MBS Performance October 10, 2024 Monica Hogan Andrew Davidson & Co. used data on credit use, balance and payment across time and multiple loan types to garner a comprehensive view of consumer financial behavior.Read More