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Sweet Take Home Pay for IPO-Bound CEOs

January 27, 2021
Paul Muolo

A distant second was James Furash of AmeriHome with $13.2 million.


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loanDepot’s Life as a Public Firm Begins Late Next Week

January 27, 2021
Paul Muolo

“The offering consists of 9.41 million shares of common stock being sold by loanDepot and 5.59 million shares of common … being sold by certain funds managed by Parthenon Capital Partners,” the firm said.


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ABS Issuance Fizzles in 4Q20, All Sectors Sharing the Pain

January 27, 2021
John Bancroft

The market produced $42.61 billion of new ABS in the fourth quarter, a 38.7% decline from the previous three-month period. That brought year-to-date issuance to $202.02 billion, down 11.0% from 2019.


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A Stunning MSR Gain by Nonbanks: 4Q Holdings Rise by 11%

January 27, 2021

Most nondepository servicing is held by independent mortgage bankers and other non-originating investors...


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Forbearance Reading Heads North. Reason: Private-Label Loans

January 26, 2021
Paul Muolo

The number of Ginnie Mae loans in forbearance came in at 7.61%, down 6 bps for the week while the Fannie Mae/Freddie Mac tally declined to 3.11%, a 2 bp improvement.


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CFPB Complaints for 2020 Paint a Portrait of Discontent

January 24, 2021
Andras Malatinszky

The CFPB's year of discontent? Mortgage-related complaints declined 7.9% from the third to the fourth quarter but increased 9.2% overall in 2020.


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Agency MSR Transfers Spike. Chief Reason: Freedom’s Acquisition of RoundPoint

January 24, 2021

Total MSR transfers – including bulk deals and coissuance transactions – more than doubled from the third quarter, hitting $188.11 billion. However...


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Anthony Hsieh, loanDepot’s $50 Million Man

January 22, 2021
Brandon Ivey and Paul Muolo

According to the S-1, the pay includes a base salary of $408,994 and a bonus of $42.5 million.


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Private Mortgage Insurance Tops Purchase Market, VA Leads in Refis

January 22, 2021
John Bancroft

Private MIs were particularly strong in the purchase-loan market, with annual GSE sales of $366.87 billion — which represented 51.0% of all insured purchase loans securitized by the agencies...


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A Banner Year for Agency MBS Trading

January 21, 2021
Paul Muolo

Overall, 2020 was the strongest trading year since 2010...


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