Nonbank servicing of Freddie single-family MBS soared 58.6% over the past year, while Fannie saw a 31.1% gain. But in the stagnant Ginnie market, nonbanks managed to grow their servicing by just 5.9% since June 2020. (Includes two data charts.)
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Home prices are increasing at levels last seen in 2005. A growing share of mortgage originations are shifting to the jumbo market and cash-out refis.
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The Supreme Court dealt GSE shareholders a blow in Collins, but cases before a DC district court and the U.S. Court of Federal Claims may finally get before a jury.
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The Mortgage Bankers Association is asking organizations representing governors and state regulators for help in extending remote work flexibility for licensed loan officers.
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