Short Takes: $3 Billion in Ginnie MSRs Up for Grabs / More Servicing Regulations from the CFPB / Sterne Agee Lowers Estimates on PHH / Which GSE CEO Leaves First? / LenderLive’s New Hire December 3, 2015 Paul Muolo and Thomas Ressler Now that President Obama has signed legislation to cap Fannie Mae/Freddie Mac CEO pay, which GSE chief will leave first?Read More
It’s Thanksgiving Week but the MSR Auctions Keep Coming November 24, 2015 Paul Muolo The average loan size is $15.36 million, the average interest rate 3.60 percent. Read More
IMA Working on MSR Deals that Could Net Almost $3B of Flow and Bulk November 24, 2015 Paul Muolo It may be holiday week, but Interactive Mortgage Advisors is out with a handful of new MSR offerings...Read More
Eventually, loanDepot Will Go Public; As for the CFO Resignation… November 23, 2015 Paul Muolo One investment banker familiar with the firm said, “a CFO disruption so close to the IPO just doesn’t look good.”Read More
New Bulk MSR Offerings from MIAC and Phoenix Capital November 19, 2015 Paul Muolo Interest rates are rising and that means more MSR packages are likely to hit the market.Read More
Short Takes: Industry to Fed: Raise Rates Already / Want to Increase Housing Affordability? Convince Sellers to Cut Their Asking Prices / UG Rolls Out Expanded Guidelines for Doctors and Lawyers / CHMI Closes on MSR Purchase / Landes to Head Sales at Ston November 19, 2015 Paul Muolo Quite a few executives believe the central bank should move forward with a “one and done” strategy and be done with it...Read More
Ocwen Looks Beyond Acquisitions of MSR Assets November 18, 2015 Brandon Ivey In order to grow its servicing portfolio through acquisitions, Ocwen has to satisfy conditions set in detailed consent orders...Read More
What We’re Hearing: loanDepot, What the Heck Happened? / Marketing Itself as Technology and Consumer Finance Firm / Eventually, the IPO Will Happen / Salivating Short Sellers? / Waiting on the FHA MMIF Audit November 13, 2015 Paul Muolo A handful of hedge funds were salivating at the prospect of shorting loanDepot's stock...Read More
No Flurry of ‘Bulk’ Servicing Deals This Time Around? November 11, 2015 Paul Muolo Meanwhile, mortgage servicing values have firmed up the past month, thanks to the recent rise in interest rates...Read More
Short Takes: Sen. Ted Cruz Wants to Kill HUD / A New 52-Week Low for Altisource Asset Management / Fannie Mae’s HQ Finally Hits the Market / NMI Gets Senior Secured Loan / The Fastest-Growing Servicers Among Us November 11, 2015 Paul Muolo and Carisa Chappell Sen. Rand Paul, R-KY, said he would not touch the mortgage interest deduction, but Dr. Ben Carson wasn't as friendly...Read More
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