Earnings and GOS Decline at UWM, Share Price Gets Smacked March 1, 2022 Brandon Ivey UWM recognized a $139.0 million decline in fair value of its MSRs. At year-end, the company's portfolio had a weighted-average coupon of 2.94%.Read More
Prestwick Offering Roughly $882 Million of GSE MSRs February 28, 2022 Paul Muolo Servicing prices are the strongest they’ve been in years, a situation that isn’t likely to change anytime soon.Read More
MSR Market in Danger of Getting Too Frothy? We're Not There Yet February 25, 2022 Paul Muolo For some large sellers of mortgage servicing rights, the sale of smaller portfolios just isn’t worth their time...Read More
FHFA Unveils New Eligibility Standards: 9% Capital for Nonbanks February 24, 2022 Dennis Hollier The new language recognizes the different risk profiles of GSE and Ginnie Mae servicing rights...Read More
Home Point Bolsters Weak 4Q Earnings With MSR Sales; Revenue and GOS Hit February 24, 2022 Paul Muolo The nonbank sold $13.1 billion of Ginnie Mae MSRs into a red hot servicing market...Read More
In a Few Weeks, GSE Nonbank Eligibility Requirements? February 22, 2022 Paul Muolo BTIG predicts the FHFA’s proposal likely will dovetail with many of the prudential requirements for nonbanks finalized by the CSBS...Read More
Ginnie EBOs Start to Lose Their Luster? February 22, 2022 Paul Muolo Mr. Cooper CEO Jay Bray: “With forbearance programs winding down, the EBO opportunity is rapidly diminishing.”Read More
Southeast-Based Nonbank Selling GSE MSRs February 18, 2022 Paul Muolo The three states leading in the collateral count: North Carolina, Texas and California. Bids are due Feb. 24.Read More
Another Day, Another MSR Offering… February 17, 2022 Paul Muolo Roughly 85% of the loans are 30-year FRMs...Read More
Late Payments Decline but Serious Delinquencies are Elevated February 15, 2022 Brandon Ivey Black Knight: "The decline in serious delinquencies has been slower than might be expected given the large number of borrowers who have exited forbearance"...Read More
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