Mortgage M&A Mania has Finally Arrived. Who’s Next? June 12, 2018 Paul Muolo Mark Stafford, managing director of MS Capital Advisors: “Margin compression is real and many companies lost money in the first quarter.”Read More
MBS and ABS Issuers Taking Steps to Address Move Away from LIBOR June 11, 2018 Brandon Ivey The banks that report rates that form the basis of LIBOR won’t be required to participate in the survey after 2021…Read More
Short Takes: Celebrity Wants to be a Player in Mortgage M&A / Commercial Bank Seeks Mortgage Company / Garrett on LO Pay / Genworth Sale Clears a Hurdle / Wells Fargo LO Bolts for Nonbank June 11, 2018 Paul Muolo Consultant Joe Garrett: "Salesmen don’t get paid less just because the company didn’t do well..."Read More
Cardinal Financial/Sebonic in Talks With Peoples Home Equity? June 11, 2018 Paul Muolo Earlier in the decade, Sebonic was started by former employees of RoundPoint Financial...Read More
Pittsburgh Bank Agrees to Sell its Consumer Finance Unit June 11, 2018 Paul Muolo Besides selling RFC, the publicly traded FNB is consolidating 20 of its branches in a cost cutting move.Read More
Bank MSR Holdings Decline Again in 1Q18, but Valuations Hit Record High June 11, 2018 John Bancroft Banks have been reducing their servicing for others since late 2009…Read More
American Action Forum: Merge the GSEs into HUD. (You Heard that Right) June 11, 2018 Carisa Chappell The AAF warns against the GSEs becoming private entities again, noting there’s no way for them to raise enough capital…Read More
What We’re Hearing: Time to Enter the Non-QM Market? / LoanScorecard is Bullish on the Sector / Citadel and AO Keep Humming Along / FTC Wants to Know More About How the RE Brokerage Industry Works / A Bunch of ‘Yes Men’ on the CFPB Advisory Board? / Mulva June 8, 2018 Paul Muolo To conservatives in the financial services industry, Mick Mulvaney is a hero. Read More
GenEquity Mortgage in Texas Closes Down June 8, 2018 Paul Muolo At press time, it was unclear why GenEquity Mortgage closed its doors…Read More
So Much Home Equity, But Not Much Lending. Reason: Tight Underwriting June 8, 2018 Brandon Ivey Home equity outstanding hit a peak of $13.43 trillion in the first quarter of 2006 then tumbled during the financial crisis...Read More
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