Large Servicing Sales Skew Toward Privately Negotiated Transactions August 10, 2017 Paul Muolo As the weekend approached it was unclear which suitor won the Seneca MSR portfolio…Read More
The Red Ink Keeps Piling Up at PHH; Revenue Plunges 43 Percent in 2Q August 9, 2017 Paul Muolo At June 30, PHH had commitments to sell $52.3 billion of mortgage servicing rights.Read More
Impac Shifts Production Away from GSE Mortgages to Non-QMs and Government-Insured Loans August 9, 2017 Brandon Ivey In trading Wednesday, Impac’s share price was down almost 6 percent… Read More
Investors Love Mortgage REITs, Nonbanks Not So Much; Another IPO Try for loanDepot? August 9, 2017 Paul Muolo Industry consultants contend that loanDepot – the nation’s 10th largest overall originator – still hopes to go public one of these days…Read More
Mortgage Hiring Flat but Some Firms Continue to Add Heads August 9, 2017 Paul Muolo Citadel Servicing Corp., Irvine, CA, is also looking for a correspondent sales rep for the East Coast...Read More
Movement Mortgage CEO Rebrands His New Bank as, You Guessed It, Movement Bank August 8, 2017 Paul Muolo According to Casey Crawford the recapitalized depository will focus on “loving and serving people.”Read More
Utah-Based Nonbank Nixes Purchase of Ron McCord’s FMC After Lawsuit is Filed August 8, 2017 Paul Muolo Among other things, CapLoc – an affiliate of Eli Global – charges that FMC pledged “ineligible” mortgages as collateral…Read More
Short Takes: CapLoc Affiliate Wanted to Buy FMC / Two Sides to a Story / MBS is Busy with M&A Deals / FRB Distinguishes Itself in Jumbo Market / Vendor Watch August 8, 2017 Brandon Ivey, Paul Muolo, and Thomas Ressler Advisory firm Mortgage Banking Solutions, Austin, TX, is working on three mortgage-related acquisitions...Read More
House Republicans Push Another Contempt Case Against CFPB’s Cordray August 7, 2017 Thomas Ressler The GOP legal analysis asserts that Cordray failed to satisfy subpoenas the committee issued for agency records…Read More
Why is it Taking So Long for Trump to Nominate Kittle as Ginnie Mae Chief? August 7, 2017 Paul Muolo According to industry officials who claim to have knowledge of the matter, Kittle is still the top pick, but...Read More
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