Its gain-on-sale margin came in at 305 basis points in 4Q20 compared to 110 bps in the year ago period. The nonbank also vowed to return “excess cash” to shareholders when possible, a reference to dividend payments.
The volume of FHA loans was down 4.2% for the year, including a 1.8% drop from the third to the fourth quarter. But at $1.114 trillion, FHA loans continued to represent the dominant slice of the Ginnie pie...
Despite the achievement of the ranking, UWM’s contribution to jumbo MBS actually declined by 4.4% on an annual basis last year while overall non-agency jumbo securitization increased...
Agency multifamily MBS programs accounted for 72.2% of total commercial mortgage securitization in 2020, their most dominant share since the immediate aftermath of the financial crisis.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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