MSR Transfers by UWM, Wells, Others Bolster Sales Activity in 2Q July 24, 2023 John Bancroft When in doubt, sell MSRs: UWM transferred $66.1 billion of product in 2Q23...Read More
Parent of Top Servicer Strikes Deal to Buy Global Alt Asset Manager July 24, 2023 Paul Muolo After the deal closes, Sculptor will operate as a subsidiary of Rithm and will continue to be led by CIO Jimmy Levin...Read More
Short Takes: Business Improves at Western Alliance / Western Asset in Talks With AG Mortgage Investment / New Fix-and-Flip Lender / Freddie Offers Spanish Docs July 19, 2023 Brandon Ivey Officials at Western Alliance Bank stressed that the bank worked to get back to "normal" in the second quarter.Read More
ICE, Black Knight Plan to Sell Off Optimal Blue Business July 17, 2023 Brandon Ivey The FTC recently delayed an evidentiary hearing regarding the planned merger...Read More
Terra Property Trust Rebuts Some Claims Tied to Western Asset REIT July 14, 2023 Brandon Ivey The fate of Western Asset Mortgage Capital's convertible debt is a concern.Read More
Short Takes: Competing Bid for REIT / Rates to Remain Elevated / Upgrade for NewRez July 13, 2023 Brandon Ivey AG Mortgage Investment Trust has joined the competition for Western Asset Mortgage Capital.Read More
Short Takes: Affordability Strains / Limited Inventory / REIT Consolidation / Enact Sharing MI Risk July 6, 2023 Brandon Ivey Average loan sizes on mortgage applications are shrinking.Read More
Western Asset’s REIT to Merge With Terra Property Trust June 28, 2023 Brandon Ivey Western Asset Mortgage Capital's investments in residential assets will be sold off, with the capital going toward commercial assets.Read More
Catching Fire: Higher-Coupon MSR Deals June 26, 2023 Paul Muolo Another dealmaker said he’s working on a “large” deal with a coupon north of 5.00% but the details have yet to be worked out.Read More
Short Takes: Better.com Update / Float Issues / More HELOC Players / Servicing Details? / MSRs for Sale June 26, 2023 Paul Muolo The Prestwick/MCT package has a weighted average coupon of 3.27% and a delinquency ratio of 2.35%.Read More
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