Secondary

The large volume of servicing rights trades in January and high multiples were a reaction to tightening monetary policy after a period in which many stockpiled the asset.

The company said it would increase efforts in non-QM lending and dropped hints about further acquisitions.

The company said the bond issue is the largest ever seen in this asset class and was boosted by rising home values.

Pretax income in the servicing segment outpaced its loan production unit in the fourth quarter, as the company launches new branding initiatives.

Congress waited too long to address the out-of-control housing market, leading to a crisis in 2008. Now, with home prices soaring and the government-sponsored enterprises' portfolios at record levels, lawmakers are in danger of repeating that mistake.

This regulatory development is both good news and bad news, depending upon where you happen to sit in the mortgage process.

The government-sponsored enterprise is following through on resolving some temporary policies put in place to address contingencies around the coronavirus while unwinding others.

But the company was able to increase the share of its top line that came from recurring income streams while minimizing the impact of more volatile transactional-based ones.

Zanin, a former GE Capital executive, became chief risk officer at the government-sponsored enterprise only one year ago.

If approved, the new loan would unlock $120 million in badly needed funds for the sprawling Bronx multifamily complex.