FFC Mortgage Buys New Jersey Broker University Mortgage February 2, 2015 Paul Muolo University is based in Hackensack and the purchase gets FFC into the Northern New Jersey market.Read More
Phoenix Capital Out with $600 Million Flow MSR Package January 29, 2015 Paul Muolo Two other servicing packages hit the market the past few days, including a seasoned $276 million Ginnie Mae portfolio from Interactive Mortgage Advisors.Read More
Impac Reveals Purchase Price on CashCall’s Mortgage Unit: $10 Million Plus… January 27, 2015 Paul Muolo In trading Tuesday, Impac’s common was selling for $9.15, which means the 500,000 shares could be worth $4.5 million.Read More
With Mortgage IPOs on Hold Sub Debt Issuance May Bloom January 26, 2015 Paul Muolo “Sub debt is a good way to grow your business without it being dilutive to your company,” said Bill Dallas, CEO and founder of Skyline Lending.Read More
Phoenix Selling $4.3 Billion of Agency and Ginnie Servicing Rights January 26, 2015 Paul Muolo Declining interest rates don't appear to have affected the servicing auction market much.Read More
Ocwen Quietly Shopping $10B of MSRs, Money Could Be Used for Settlements January 26, 2015 Paul Muolo Sterne Agee estimates that such settlements could cost the nation’s fourth largest servicer $496 million.Read More
What We’re Hearing: Ocwen’s New Headache: BlueMountain / But Will it Work? / The Nationstar MSR Mystery / Yes, Loan Applications are Booming / Whatever Happened to Jon Daurio’s Capital Raise? January 23, 2015 Paul Muolo Just because a notice of default is signaled, that doesn’t mean the trustee has to yank the servicing away from Ocwen.Read More
IMA Advises MSR Clients to Hold off on Bringing Deals to Market January 22, 2015 Paul Muolo Other investment bankers who work the MSR market said declining interest rates and the “Ocwen” effect are hurting values.Read More
Short Takes: JPM Sold Servicing to Nationstar? / IMA Will Still Sell Distressed Product / Ocwen Quietly Peddling Servicing? / Head of Retail at Guaranteed Rate Walks / $7MM to Get Deals Rated? / FHA Update January 22, 2015 George Brooks, Brandon Ivey, and Paul Muolo Thomas Gamache, national director of retail sales for Guaranteed Rate, has left the company and accepted a position with Citizens Financial Group...Read More
Nationstar Closes on $8.5 Billion MSR Deal from ‘Top Four’ Servicer January 21, 2015 Paul Muolo Is Ocwen the seller of the MSRs?Read More
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