Better Execs to Collect $17 Million in Bonuses Tied to Going Public October 2, 2023 Brandon Ivey Half of the bonus payments will be withheld until Better achieves two consecutive quarters of “positive operating cash flow.”Read More
A Done Deal: Rithm Agrees to Buy SLS Parent and $136B of MSRs October 2, 2023 Paul Muolo Rithm will pay for the purchase using “existing” and “available liquidity” as well as servicing-backed financing.Read More
Short Takes: A Hike in GSE Loan Limits? / Big Sky Country? Big Home Prices / The RoundPoint Deal Closes / Margin Calls on MBS / Rankings Update October 2, 2023 Paul Muolo and Brandon Ivey Margin calls on MBS investors using leverage?Read More
ICE Touts Benefits of Black Knight Acquisition September 29, 2023 James Dohnert Mortgage investors, lenders and borrowers could all benefit from ICE's acquisition of Black Knight, according to leaders at ICE.Read More
Former Civic Leader Launches New Business-Purpose Lender September 29, 2023 James Dohnert The team that transitioned from Civic Financial Services to CV3 accounted for 90% of Civic’s estimated $3 billion loan production in 2022.Read More
Short Takes: Delinquency Trends Could Turn / Affordability at Lowest Point in Decades / How Much is a Multifamily Business Worth? September 25, 2023 Brandon Ivey Delinquency rates may be nearing cycle lows...Read More
Short Takes: Interest Rates Move Up / Home Sales Scuttled / Some Relief Expected / loanDepot Looking to Grow September 15, 2023 Brandon Ivey The average interest rate on a 30-year fixed-rate mortgage hit 7.18% this week.Read More
Interest Rates a Factor in Mortgage M&A Activity September 13, 2023 James Dohnert “I think a lot of companies bet late last year and early this year that rates would be materially lower by now than they are,” said Brian Hale, CEO and founder of Mortgage Advisory Partners.Read More
Short Takes: Refi Demand Down / MIAC Settles With SEC / Fannie Selling Reperforming Loans / Goldman’s Stake in Better / Lender M&A September 13, 2023 Brandon Ivey and Paul Muolo Demand for refis fell to a level seen at the beginning of the year...Read More
Short Takes: Done With Rate Hikes? / Demand for Single-Family Rentals / Rate Locks Decline / ICE Closes on Black Knight Acquisition September 5, 2023 Brandon Ivey The MBA expects that the Fed will hold interest rates level until spring.Read More