The Return of MSR Markups. But for How Long? April 30, 2021 Paul Muolo “March 31 servicing marks were up significantly from where they were at Dec. 31,” said George Christo, executive vice president of The Prestwick Group. Read More
NYCB Moves to Swallow a Big Mortgage Fish: Flagstar April 26, 2021 Paul Muolo Interestingly, NYCB, which reduced its presence in home lending long ago, will now be a major player once again.Read More
For Sale: A Rare Ginnie Package. More MSRs to Come? April 23, 2021 Paul Muolo A thaw is in the air when it comes to auctioning off Ginnie Mae servicing rights...Read More
Genworth Mortgage Joins the IPO Hustle April 22, 2021 Dennis Hollier Following the Oceanwide merger debacle, Genworth Financial licks it wounds by initiating plans to spin off its mortgage insurance business.Read More
Ocwen Will Pay a ‘Modest’ Premium for Texas Capital’s MSRs April 22, 2021 Paul Muolo For Ocwen, the acquisitions represent a chance to grow its lending business and bolster its MSR portfolio. Read More
Fannie/Freddie Flow MSRs Up for Grabs April 19, 2021 Paul Muolo More flow auctions are hitting the market... Read More
MSR Transfer Market Off to Puzzling Start in 1Q21 April 19, 2021 John Bancroft Amazingly, there were no bulk transfers of Ginnie MSRs. None.Read More
Caliber's Sale Price of 1.0x Book Raises Some Eyebrows April 16, 2021 Paul Muolo If Caliber's MSR portfolio of $152.7 billion is valued at 100 basis points, that translates into a value of $1.52 billion, at least... Read More
Short Takes: Nice Earnings for a Megabank / BofA and Home-Equity Lending / Some History / The Caliber Termination Fee / New Residential’s 1Q21 Results April 15, 2021 Paul Muolo The termination fee on the NRIC-Caliber deal: $25 million. Read More
How to Pay for Caliber? Sell More Stock, Of Course… April 15, 2021 Paul Muolo What some may have forgotten: Last fall, NRIC submitted a confidential S-1 on its mortgage banking affiliate NewRez but the IPO never came off...Read More
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