Although a handful of large banks took advantage of willing sellers to boost their agency MSR holdings, nonbanks continued to expand their footprint in the market. (Includes two data charts.)
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Commercial banks cranked up the value of their servicing portfolios in the third quarter, but not dramatically. Soon, we’ll find out how the nonbanks viewed the same asset.
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Originators of non-qualified mortgages are pondering sale offers from yield-hungry investors. Who’s in the driver’s seat? Right now, the originators are.
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The flexibility and innovation shown by mortgage lenders during the pandemic should be incorporated into everyday practices, according to panelists at the Mortgage Bankers Association’s annual convention.
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While some conservative and moderate Democrats have hinted that they’ll accept a substantially smaller infrastructure bill than originally planned, other key members of the party say housing must be part of the package.
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