How mortgage investments may evolve as bank share shrinks
Stakeholders are watching carefully as the 2023 crisis and a capital proposal increase banker wariness of mortgage assets, speakers at Invisso's MBS Forum said.
MSR
New Ginnie Mae MSR-related note transactions emerging
KBRA recently assigned low-end investment grade designations to Freedom Mortgage and Pennymac transactions that involve interests in Ginnie Mae mortgage servicing rights.
Could NYCB be a mortgage servicing rights seller?
Many other organizations have turned to sales of this asset class in order to enhance cash flow or liquidity.
Pennymac REIT may fund asset acquisitions with new notes
The real estate investment trust arm of two affiliate mortgage-related companies could reduce other debt and finance purchases of loans, servicing or securities.
MSR market participants offer mixed outlook on buyer interest
Some in the space say they've seen new players coming in but others disagreed during a panel at the Mortgage Bankers Association's Secondary and Capital Markets conference.
Incenter puts $7 billion in mortgage servicing rights up for bid
The offering comes amid an ongoing wave of private and public MSR sales.
Servicing rights up for bid include $5.42 billion portfolio
A couple small deals with some unusual regional concentration also are in the market and one broker says many billions of dollars more are in the pipeline.
New Residential predicts non-QM growth, MSR purchases in earnings call
The company aims to use the additional capacity to get its non-qualified mortgage business back to producing $125 million per month, and anticipates more purchases of mortgage servicing rights, representatives said in its Q1 earnings call.
$7.12 billion in Fannie Mae, Freddie Mac MSRs up for bid
The diverse group of loans in the servicing rights portfolio offers a potentially attractive recapture opportunity and would be a sizable transaction for their era.
Ocwen, CFPB mediation talks end with no settlement, the company says
The regulator's demands for ending the action were excessive, Ocwen claimed.
2021 predictions for the secondary market, mortgage servicing rights
The sector’s leaders are hoping for better in 2021, while not forgetting lessons learned about the market’s risks in 2020.
Opinion Election won’t impact mortgage industry like CARES Act problems will
How we resolve millions of delinquent mortgages due to COVID is the only question that matters.
Christopher Whalen
Whalen Global Advisors LLC
Ocwen slips back into the red for the third quarter
Minus various expenses including corporate, legal and servicing rights valuation, Ocwen had adjusted pretax income of $13.5 million.
Servicers intensify retention efforts as the rate of success declines
Only 18% of refinance borrowers returned to the same lender in the second quarter, the second lowest rate since 2005.
Reports: MBS investor risk limited in aftermath of Hurricane Laura
Property-level insurance and funds fronted by servicers appear to mitigate the potential losses from damages and repairs in the Gulf Coast from the massive storm.
Hurricane Laura puts 432K homes worth $88 billion at risk
If it makes landfall as a Category 3 storm as was initially projected, damage from Hurricane Laura's surge could potentially devastate 432,810 residential properties in Texas and Louisiana, according to CoreLogic.
Mortgage forbearances fall 23 points for second straight week
The number of loans going into coronavirus-related forbearance decreased for the ninth consecutive week, according to the Mortgage Bankers Association.
$6.3 billion portfolio deal tests the bulk MSR market’s appetite
The mortgage servicing rights package going up for bid adds to signs that the market for large offerings is becoming more active.
As mortgage forbearance rate continues to decline, MBA advises caution
The number of loans going into coronavirus-related forbearance fell for the seventh straight week, but the Mortgage Bankers Association predicts the rate will increase if the number of coronavirus cases continues to rise.
Mortgage forbearance rate continues to decrease, but at a slower pace
The number of loans going into coronavirus-related forbearance dropped for the sixth consecutive week, as the growth rate fell 6 basis points between July 13 and July 19, according to the Mortgage Bankers Association.
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