Another Earnings Bloodbath for Finance of America November 9, 2022 Paul Muolo FoA is down to $169 million of cash and cash equivalents...Read More
Up for Grabs: $6.9 Billion of GSE Mortgage Servicing Rights November 8, 2022 Paul Muolo These MSRs should stick around a long time: The average interest rate is 3.2%...Read More
Depositories Report Weakening Mortgage Banking Income November 7, 2022 John Bancroft JPMorgan Chase was the top earner among the group with $313 million in mortgage fees and related income...Read More
As Year Draws to a Close, MSR Bidders Get Pickier November 7, 2022 Paul Muolo It’s a combination of too much servicing supply and buyers that have already burned through their acquisition budgets...Read More
MSRs Aid UWM’s 3Q Results but GOS Falls to 52 BPs and May Drop Further November 4, 2022 Paul Muolo Even though UWM grew originations in 3Q, loan production income fell to $172.4 million...Read More
The 3Q Tally: Nonbanks Relentlessly Grow Their MSR Holdings November 3, 2022 John Bancroft The nation's top three primary servicers at September 30: Wells Fargo, Cenlar and Mr. Cooper...Read More
A Profit for Ocwen (Thanks to MSRs), A Plan to Meet GNMA's RBC November 3, 2022 Paul Muolo Ocwen's shares are trading at a 43% discount to book value.Read More
Production Tanks at Rithm, MSR Markups Save the Day November 2, 2022 Paul Muolo Its positive servicing mark for 3Q22 totaled $143 million.Read More
MSRs Aid PennyMac’s Performance, REIT Affiliate Posts a Profit October 28, 2022 Paul Muolo Thanks to its strong performance, PennyMac will pay a third quarter cash dividend of 20 cents a share...Read More
MSRs Once Again Aid Mr. Cooper’s Results. A Subservicing Client Departs October 26, 2022 Paul Muolo The MSR mark came to $124 million in the third quarter...Read More
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