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
Walters 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 / Impacs 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