Incenter Out with Another MSR Offering, This One for $3 Billion January 4, 2018 Paul Muolo The delinquency rate on the MSR portfolio is 1.02 percent...Read More
Short Takes: Senate GSE Bill Due Out This Month? / But Will it Pass? / The Unstoppable LendingTree / Mortgages and the Weed Trade? / Hamilton Hires Former Wells-JPM-Freddie Exec to be CEO January 4, 2018 Paul Muolo When Fannie and Freddie request a fresh draw of taxpayer funds from Treasury to deal with their DTA "problem," it will poison the well for conservative Republicans...Read More
FHA Nominee Montgomery Has to Resubmit Financials. A March Seating? January 3, 2018 Paul Muolo Like scores of other Trump appointees, a final vote on Montgomery’s nomination as assistant secretary for Housing was not acted upon by yearend…Read More
IMA Launches First MSR Auction of the New Year January 3, 2018 Paul Muolo The seller will consider separate bids on the conventional and government portions…Read More
PHH Will Pay $45 Million to Settle State Servicing Allegations January 3, 2018 Paul Muolo PHH Mortgage is in the process of transforming into a subservicing specialist. Read More
Short Takes: Morgan Stanley and PHH? / Share Price? / Subservicing Rules the Roost / Embrace Hires Legal Affairs Chief / A Name Change for Mortgage Lending Services January 3, 2018 Paul Muolo At Sept. 30, 2017, PHH had a total servicing portfolio (including subservicing contracts) of $162.7 billion...Read More
First California Mortgage Still Operating? January 2, 2018 Paul Muolo FCM is headed by Chris Hart, who is also a member of Fannie Mae’s western region advisory board.Read More
Short Takes: Pickup Picks Up the Pace on Impac Buys / Buy Low, if You Can Get It / Stolen GSE Money? / No Longer ‘Distressed’ / New AI Chief Starts his Term January 2, 2018 Paul Muolo Richard Pickup, a real estate investor by trade, owns more than 10 percent of Impac… Read More
Want to Buy Mortgage Servicing Rights? You’d Better Have a License December 29, 2017 Brandon Ivey “If the state requires it, then the GSEs would require it, and could use their remedies in connection with any failure to do so,” said one attorney…Read More
What We’re Hearing: The Biggest Story of 2018? Fannie and Freddie, Of Course / An M&A Boom? / Good Luck Mr. Corso / Penny Spends Dollars to Buyback Common / A Very Short Publishing Break December 29, 2017 Paul Muolo We get the sense that merger and acquisition activity could be fierce as profit margins tighten... Read More
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