Although interest rate volatility played havoc for companies with unhedged servicing portfolios, a sharply growing refinance market provided a windfall of production income.
Guild Mortgage, the nation’s 20th largest home lender (according to a ranking by Inside Mortgage Finance), is on track to originate a record $20 billion this year…
Only four REITs upped their agency MBS holdings in the third quarter, including New Residential Investment Corp., New York, also a large holder of mortgage servicing rights…
It was a bravura performance for the FHA’s Mutual Mortgage Insurance Fund in fiscal 2019. The MMIF ended the year with a capital ratio of 4.8%, more than double the statutory minimum.
FHFA Director Mark Calabria: "That might be fine for a normal company, but these are companies that are in conservatorship. They’re essentially in bankruptcy.”