Paul Muolo

Garrett, McAuley & Co. has a “well capitalized retail client” that’s looking to purchase a broker/wholesale channel from a depository or nonbank.

At the end of September Dynex held $13.2 billion in MBS compared to $10.5 billion three months earlier.

AGNC recovered earnings in the third quarter from a loss in the second. Moody's reported U.S. banks have grown lending to non-depository institutions sharply in the last decade. Bank of England governor warned that the collapse of two U.S. auto firms could be an early warning sign of weakness in private credit markets.

As one veteran MSR analyst noted: "Quarter over quarter, we saw little change in MSR values."

JPMorgan Chase is ready to issue a $801.6 million MBS backed by non-qualified mortgages. Most of the collateral was originated by United Wholesale Mortgage, the nation’s largest originator…

The LLPA change, if it comes, would only apply to mortgages on second homes and cash-out refinances.

The concept of reducing Fannie Mae/Freddie Mac LLPAs on second homes and cash-out refis is being pushed by Barry Habib, a principal in MBS Highway, who was named to Fannie’s board this summer.

Originations aren’t growing very much, putting pressure on MSR owners.

Subservicing vendors accounted for 28.5% of all outstanding residential loans as of the end of September.

Milliman has acquired MorVest Capital, a Texas-based mortgage servicing rights advisor.