Prestwick Flow Deal Could Yield $480 Million in Servicing Rights September 13, 2016 Paul Muolo “Are there bargain hunters out there?” asked one servicing executive. “To some extent, yes.”Read More
Garrett, McAuley Advised on Three Recent M&A Deals. As for the Names… September 12, 2016 Paul Muolo Meanwhile, many mortgage companies that specialize in production are posting strong profits…Read More
After the M&A Deal Closes, Keep the Loan Officers Happy September 9, 2016 Paul Muolo And one big no-no, the consulting firm points out, would entail the new owner making substantive changes to loan officer compensation plans…Read More
IMA Offers GSE Bulk Portfolio and MSR Flow Component September 8, 2016 Paul Muolo The largest chunk of collateral is located in Florida at 29.6 percent. Maryland is a distant second at 15.3 percent.Read More
Incenter Mortgage Advisors Completes Trade of $8.87B Ginnie MSR Package September 6, 2016 Paul Muolo IMA’s Piercy noted that deals can get done – as long as the seller is realistic about pricing.Read More
Can PHH Be Sold Before More Problems Surface? September 2, 2016 Paul Muolo In a recent SEC filing, PHH disclosed that the bloom is now off the rose when it comes to being a private-label vendor…Read More
Prestwick Selling $502 Million of Fannie Mae/ Freddie Mac Servicing Rights August 30, 2016 Paul Muolo All of the loans were funded through the retail channel by the seller company.Read More
Short Takes: Just Because You’re Kicked Off the NYSE, That Doesn’t Mean… / Buying an MB for Diversification Purposes / A 10 Percent Broker Market Share and Holding / Clayton and Angel Oak / Nationstar is Hiring! August 29, 2016 Paul Muolo The nation's fourth largest servicer, Nationstar Mortgage, will hold a job fair on Sept. 12 at the Maude Cobb Convention Center in Longview, TX. Read More
Short Takes: Stonegate Mortgage a Buyer of Other Firms? / The Other Stonegate Buys a Florida Bank / The Kings of the Channels / A New Permanent CEO for Clayton / Former FHFA Director DeMarco Sets the Record Straight August 25, 2016 Paul Muolo From what we understand, Stonegate Bank is not very active in residential lending, but Insignia is…Read More
Short Takes: Not Everyone Loves the New Fannie, Freddie Application / Okay, Who Bought the Subprime Deals? / PennyMac Gets Repo Line from JPM / MountainView Selling MSRs / Apps Fall August 24, 2016 Paul Muolo One source said that in the Angel Oak transaction, bidding started with eight investors… Read More
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