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New Bulk MSR Offerings from MIAC and Phoenix Capital

November 19, 2015
Paul Muolo
Interest rates are rising and that means more MSR packages are likely to hit the market.
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Short Takes: Industry to Fed: Raise Rates Already / Want to Increase Housing Affordability? Convince Sellers to Cut Their Asking Prices / UG Rolls Out Expanded Guidelines for Doctors and Lawyers / CHMI Closes on MSR Purchase / Landes to Head Sales at Ston

November 19, 2015
Paul Muolo
Quite a few executives believe the central bank should move forward with a “one and done” strategy and be done with it...
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Moody’s Assigns Provisional Ratings to Nationstar Nonperforming HECM MBS

November 19, 2015
George Brooks
The HECMs backing the bond are either in default, due and payable, in foreclosure or REO...
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Sales of Bulk Servicing Packages Slow of Late, But Rising Rates Should Change That; A New Sale Advisor Emerges

November 19, 2015
Selling mortgage servicing rights into a declining interest rate environment can be tough sledding, but now that rates have headed north again, advisors that play in the space are anticipating strong sales through the fourth quarter and into the early months of 2016. “In the third quarter, we saw a number of large deals and even a handful of $500 million deals that just didn’t get done,” said Stephen Harris, managing director of MIAC Capital Markets. Harris also pointed out a ...
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Selene Finance Hires Clayton Executive Tom Donatacci

November 18, 2015
Paul Muolo
Donatacci helped steer Clayton from survival mode during the financial crisis to solid profitability before the due diligence vendor was sold to Radian Group for $305 million in 2014.
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Ocwen Looks Beyond Acquisitions of MSR Assets

November 18, 2015
Brandon Ivey
In order to grow its servicing portfolio through acquisitions, Ocwen has to satisfy conditions set in detailed consent orders...
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Fitch Downgrades Residential Credit Solutions’ Servicer Ratings, Citing Regulatory Issues

November 18, 2015
Brandon Ivey
A few months back, rumors began circulating that ACMI was contemplating taking bids on its servicing business.
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Hedge Fund Gets Right to Own 25 Percent of Walter/Ditech

November 17, 2015
Paul Muolo
In January, Birch Run reported a 17.8 percent ownership stake in Walter, but has since increased it to 19.8 percent.
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Silver Hill Now Taking Applications on SBC Loans, Including Multifamily

November 16, 2015
Paul Muolo
A nationwide roll out of the small-balance product starts next year.
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Okay, So the MMIF is North of 2 Percent, but Don’t Expect a Premium Cut

November 16, 2015
George Brooks
So, will the FHA cut the MIP? Absolutely not, at least not at this time.
Read More
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