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Three M&A Deals in the Works at Mortgage Banking Solutions

March 7, 2013
Paul Muolo
Merger and acquisition activity is perking up in the mortgage market with a deal set for unveiling possibly by Friday afternoon or early next week.
Read More

Walter’s Reverse Unit Gets $100 Million Warehouse Line From RBS

March 7, 2013
Paul Muolo
Reverse Mortgage Solutions has tapped RBS for a large warehouse line of credit that matures next year.
Read More

How Much Gas is Left in the Refi Tank? Wells Tops Purchase Money List

March 7, 2013
John Bancroft
The purchase mortgage business has been in the tank since the housing crash. Although home buying is on the upswing, will it be enough to replace the refi boom?
Read More

Former Goldman Sachs Managing Director Launches Subprime Company

March 6, 2013
Paul Muolo
A former loan trader at Goldman Sachs has launched a new subprime mortgage company offering LTVs as high as 75 percent.
Read More

AIG Launches New Unit to Buy Whole Loans, Taps Street Vet For Top Job

March 6, 2013
Paul Muolo
AIG is now buying whole loans on a correspondent basis and will portfolio the product, at least for the time being.
Read More

Short Takes: A 70-BP G-Fee May Lead to Private Conventional MBS / Impac’s Comeback Continues / Will Cordray Make the Cut This Time? / Ocwen Loses Chief Accounting Officer / MGIC, a Hot Stock

March 6, 2013
Paul Muolo, Thomas Ressler, and Brandon Ivey
Will a private conventional MBS market ever happen? If GSE g-fees keep rising, yes.
Read More

Newcastle, Fortress Affiliate Agree to Purchase $4.2B of Loans from HSBC

March 6, 2013
Brandon Ivey
New Castle and Springleaf are teaming up to buy a huge portfolio of consumer and real estate loans from HSBC.
Read More

California Remains the ‘Golden State’ for GSE MBS

March 6, 2013
Charles Wisniowski
Loans funded in California continue to dominate Fannie Mae and Freddie Mac purchases and MBS, according to a new analysis from Inside The GSEs.
Read More

Short Takes: Does IBM Have the FHFA MBS Platform Contract? / New Penn Expands its Jumbo Products / Another Subprime Capital Raise? / Stonegate Hires Former Homeward Executive

March 5, 2013
Paul Muolo
Speculation is mounting that International Business Machines may have the contract to build the new single-platform MBS unit for FHFA.
Read More

Coming Soon From Fannie Mae and Freddie Mac: a 70BP G-Fee

March 5, 2013
Paul Muolo
The mortgage industry is bracing for a 70 basis point guaranty fee from Fannie Mae and Freddie Mac.
Read More
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