Only two banks ranked among the top agency sellers last year: Wells Fargo and JPMorgan Chase.
Industry observers believe that could translate into a delay of six to 18 months.
The portfolio is top heavy in Texas product at 50.1%.
No other mortgage stocks came close but there were strong valuation gains from PennyMac Financial Services, up 60% for the year, and in the mortgage insurance sector.
An affiliate of AIG is prepping a $430.42 million jumbo MBS deal...
© Copyright 2020 Inside Mortgage Finance PublicationsDesign, CMS, Hosting & Web Development :: ePublishing