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
loanDepot Amends Borrowing Lines With Signature, NexBank December 28, 2022 Paul Muolo The collateral for the LOCs: Freddie Mac MSRs...Read More
MBA Files Legal Brief in Favor of CA Fix-and-Flip Lender December 28, 2022 Namrata Bhatia In 2018, Nicholas and Sharon Honchariw took out a $5.6 million bridge loan from FJM, eventually defaulting on it...Read More
It’s Official: Union Home Buys AmeriFirst. MSRs Headed to a Third Party December 22, 2022 Paul Muolo AmeriFirst's servicing rights will go to a third party...Read More
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