Blackstone Invests in B2R Finance, Then Buys Fix & Flip Lender Jordan Finance February 14, 2017 Paul Muolo Mark Filler, who founded Jordan and served as its CEO, was named president of Finance of America Commercial.Read More
Another New Entrant to the Nonprime MBS Market: Galton February 14, 2017 Brandon Ivey Mariner is an investment advisor that manages roughly $13.5 billion in assets...Read More
Lawmaker Seeks Clarity on CFPB’s Compliance with Trump’s Regulatory ‘Freeze’ Memo February 14, 2017 Thomas Ressler The subcommittee chairman notes: “Therefore, I was surprised by your public hesitancy last week to affirm that the president’s regulatory freeze applies to the CFPB…”Read More
As Rates Rise, MBS Liquidity Improves. The Wild Card: the Fed’s Plan to ‘Lighten’ Its Balance Sheet February 14, 2017 Paul Muolo Agency MBS trading volumes peaked back in 2008 – the height of the financial crisis – at $344.9 billion daily.Read More
Short Takes: Strong Earnings for Arch / More Subprime MBS Deals May Hit the Market / A New Loan Program from Citadel / CFTC Issues No Action Letter February 14, 2017 Brandon Ivey and Paul Muolo In the nonconforming market, Citadel Servicing Corp., Irvine, CA, has just rolled out a new 12-month bank statement loan program… Read More
Are GSE Loan Sellers Finally Easing up on Credit Standards? February 13, 2017 John Bancroft In the purchase market, GSE sellers appeared to reach to qualify more borrowers…Read More
JPMorgan Readies Large Non-Agency MBS Including Many Conforming Jumbo Mortgages February 13, 2017 Brandon Ivey Contributors to deal include Quicken Loans and United Shore Financial Services, both top-ranked nonbank originators...Read More
Can Walter/Ditech Find a Path Forward? February 13, 2017 Paul Muolo Institutional investors tend to avoid any stocks that are priced below $5 a share. At press time, Walter’s stock was trading at $3.40.Read More
Money Manager Senator Investment Cuts Stake in Radian to Zero February 13, 2017 Paul Muolo Radian recently reported net earnings of $61.1 million for the fourth quarter…Read More
IMA and Phoenix Capital Hit Market with New MSR Deals February 13, 2017 Paul Muolo Phoenix Capital is offering a private jumbo MSR portfolio sized at $216 million…Read More
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