A Loss for Better.com’s Merger Partner, ‘Going Concern’ Issue Raised November 15, 2022 Paul Muolo Better’s founder and CEO Vishal Garg isn’t mentioned in the 10-Q except for some references in the footnotes.Read More
Under New Ownership (Soon): Select Portfolio Servicing November 14, 2022 John Bancroft Fitch and other ratings firms last affirmed the company’s solid RMBS servicer ratings a year ago...Read More
CrossCountry Circling Angel Oak’s Branches November 11, 2022 Paul Muolo Among originators, CrossCountry ranks 19th overall, according to Inside Mortgage Finance...Read More
Another Earnings Bloodbath for Finance of America November 9, 2022 Paul Muolo FoA is down to $169 million of cash and cash equivalents...Read More
Up for Grabs: $6.9 Billion of GSE Mortgage Servicing Rights November 8, 2022 Paul Muolo These MSRs should stick around a long time: The average interest rate is 3.2%...Read More
As Year Draws to a Close, MSR Bidders Get Pickier November 7, 2022 Paul Muolo It’s a combination of too much servicing supply and buyers that have already burned through their acquisition budgets...Read More
Mat Ishbia: UWM Chairman and CEO. And Maybe NFL Team Owner? November 7, 2022 Paul Muolo The Commanders are worth an estimated $5.6 billion...Read More
MSRs Aid UWM’s 3Q Results but GOS Falls to 52 BPs and May Drop Further November 4, 2022 Paul Muolo Even though UWM grew originations in 3Q, loan production income fell to $172.4 million...Read More
(At Least) Five Nonbanks in Talks With FoA Over Its Branch Network November 3, 2022 Paul Muolo One CEO confirmed a deal has been struck with FoA...Read More
PRMG, Others in the Hunt to ‘Sign Up’ Finance of America Branches October 31, 2022 Paul Muolo Guaranteed Rate had hoped to takeover a large chunk of the FoA network but the deal fell apart...Read More
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