The Walton-Controlled Arvest Offers $9.4B in MSRs January 29, 2024 Paul Muolo A bank spokeswoman noted that Arvest only sells "purchased" mortgage servicing rights...Read More
ICA Hits the MSR Auction Circuit With a $9.4B Deal January 18, 2024 Paul Muolo ICA is working on roughly $50 billion of MSR deals...Read More
Sizing Up MSR Buyers Early in the Year January 8, 2024 Paul Muolo In general, JPM’s modus operandi is to take down large-sized portfolios north of $10 billion...Read More
CrossCountry Strikes a Deal in Texas? Looks That Way December 18, 2023 Paul Muolo Ron Leonhardt founded the acquisition-minded CrossCountry Mortgage in 2003...Read More
Short Takes: Bipartisan Support on Trigger Leads / Quantifying the Refi Opportunity / New Expanded-Credit MBS / Thrive to Merge With Lower December 15, 2023 Brandon Ivey and John Bancroft S. 3502, the Homebuyers Privacy Protection Act, received prompt support from a number of industry trade groups.Read More
Short Takes: Refi Applications Jump / Flood-Zone Awareness / loanDepot Automates Underwriting / Arlington Asset Investment Merger December 13, 2023 Brandon Ivey Refi applications increased by nearly 20% in a week as interest rates declined.Read More
Short Takes: Texas Mortgage M&A? / Warehouse Advice: Be Honest / More Job Cuts / MSR Auctions / Blend Reduces Debt December 11, 2023 Paul Muolo and Brandon Ivey Mortgage banking firms handed pink slips to 2,700 full-timers in October while brokerage shops cut 800...Read More
Short Takes: Application Trends / Lumber Costs and Buydowns / Discounted Rates at KeyBank / PennyMac’s Debt Issuance / REIT Merger Finalized December 6, 2023 Brandon Ivey and Paul Muolo Refi applications are up on an annual basis while purchase-mortgage demand lags.Read More
Short Takes: Another New Nonbank HEL / More MSR Offerings / To Catch a Falling Knife / Update on Mr. Cooper’s Cyberbreach Problem December 4, 2023 Paul Muolo PennyMac Financial launched a new fixed-rate home equity product...Read More
Short Takes: Improving Outlook for Private MIs / PacWest Merges With Banc of California / Buyback on 1997 Mortgage / A Low for Home Sales December 1, 2023 Brandon Ivey and John Bancroft Fitch adjusted its outlook for the mortgage insurance industry from “deteriorating” to “neutral.”Read More
RSS