Wells Reports 4Q Results, Residential Fundings Down Almost 70% Compared to a Year Ago January 13, 2023 Paul Muolo Overall, home lending earnings at Wells fell to $786 million in 4Q22, down 19.2% sequentially...Read More
Ginnie Mae Paces Agency MSR Growth, Nonbanks Stall January 12, 2023 Macie Jones There's headwinds in the origination market, but servicing continues to grow, especially government product...Read More
An $85 Billion MSR Portfolio Up For Grabs January 12, 2023 Paul Muolo It's possible that two different buyers might take down the $85 billion...Read More
Wells Exits Correspondent Lending, Will Shrink Servicing Portfolio January 11, 2023 Brandon Ivey For decades, Wells has capitalized on the cross-selling opportunities inherent in mortgage lending...Read More
Suddenly, A Barrage of MSR Deals Hits the Market January 11, 2023 Paul Muolo Last week, The Prestwick Mortgage Group kicked things off with a conventional offering notice...Read More
New Empire State Law Limits Timeframe to Complete Foreclosures January 11, 2023 Sam Manas The guardrails are a concern for residential servicers operating in the state...Read More
A $1.5 Billion GSE MSR Offering Hits the Street January 9, 2023 Paul Muolo The loans have an average age of 34 months.Read More
Lenders Strategize to Get Through a Tough First Half January 5, 2023 Paul Muolo Industry veteran Paul Rozo said his company, PRMG, is playing "the long game"...Read More
A Bulk Auction of Fannie/Freddie Product January 3, 2023 Paul Muolo The average size of the New York/New Jersey loans is $493,729...Read More
In the Market for MSRs Backed by HECMs? You’re in Luck… December 29, 2022 Paul Muolo The portfolio is currently being subserviced by Compu-Link...Read More
RSS