MSR Deal Chatter: Lots of Smoke, No Fire... January 20, 2023 Paul Muolo An offering memorandum on a Wells package? No one has admitted to seeing one...Read More
Rocket CFO Warns Against Reliance on MSR Sales January 19, 2023 Brandon Ivey The CFO noted that Rocket sells some of its MSRs, but it’s mostly servicing on loans originated through brokers...Read More
Out for Bid: $10B of Conventional MSRs January 18, 2023 Paul Muolo The selling company is described as a “well-established, highly reputable” nonbank...Read More
Non-QM Performance Skids For a Third Straight Month January 18, 2023 Brandon Ivey Total impairments on securitized non-QMs reached 4.2% in November...Read More
With the Ashes of RMF Smolderiing, Will FHA Act? January 17, 2023 Brandon Ivey RMF controlled a stunning 35% of the HECM MSR market...Read More
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
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