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Short Takes: Rates Rising (for Now) / The Recap-and-Release Train Moves Forward / Turning a Profit in Servicing / More Capital for Roofstock / Xome Gets a New CEO

January 9, 2020
Paul Muolo
The GSE recap-and-release train continues to inch forward...
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Deephaven Non-QM Executive Jumps Ship for Competitor Sprout

January 8, 2020
Paul Muolo

Sprout was launched last decade by nonprime veteran Michael Strauss...


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Short Takes: Surprise: A Nonprime IPO / PIMCO’s Fingerprints / Ocwen Rising (for Now) / SitusAMC, a Leader in Due Diligence / National MI Promotes Fitzgerald

January 7, 2020
Paul Muolo and Brandon Ivey

Overall, 7.25 million shares of Velocity will be offered to the public.


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Raises of 3% to 17% for Redwood’s Brain Trust

January 3, 2020
Paul Muolo

Redwood also revealed deferred stock units/awards to its five most senior executives. Abate will take home $1.875 million in DSUs, Robinson, $2.25 million.


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Short Takes: Freedom and RoundPoint: Waiting on the Regulators / The Advisors and the Numbers / KKR’s Stake in Mr. Cooper / MBA’s Application Survey? / A New President for AI

January 2, 2020
Paul Muolo

The Freedom-RoundPoint deal awaits regulatory approvals...


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Short Takes: Rising Rates, But for How Long? / Understanding Profit Margins / Freddie Gets a New CFO (Interim) / The Cost of the ‘Golden Handshake’?

December 30, 2019
Paul Muolo

How much might the Freddie Mac 'golden handshake' program cost?


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Short Takes: When Dems Show an Interest in GSE Reform … Lookout / The Questions / ‘What If’ Scenarios / A Texas-Sized Merger / A New Controller for Wells

December 20, 2019
Paul Muolo

So, what kind of GSE questions do the Democrats ask? Topics include timelines, benchmarks, capital levels, affordable housing issues, reducing the GSE footprint and the like. All of the questions might be viewed as quite predictable…


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Short Takes: Buying Into a Shrinking Market? / A Game of 22 (GSE) Questions / The GSEs: Big Earners by This Measurement / 30-Year-Old Servicing Systems? / Regulatory Woes for CA?

December 19, 2019
Paul Muolo and Yemeng Yang

After all, who wants to invest in a shrinking (GSE) business? Something to think about…


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Freddie Starts the Wheel Rolling on Employee Buyouts

December 18, 2019
Dennis Hollier and Paul Muolo

One Freddie shareholder quipped: "It sounds like something their advisors would have recommended – to improve proforma [earnings] going into a capital raise."  


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Broker Hiring Outpaces New Jobs Created by Mortgage Bankers

December 17, 2019
Paul Muolo

However, some lenders, including Flagstar Bancorp, are being careful about adding new workers.


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