Short Takes: The Falling Forbearance Rate… / Play Ball / A Warehouse Securitization / A New Entrant to Non-QM Lending / FoAM Buys Benji April 2, 2021 Paul Muolo and Brandon Ivey For the week ending March 30, the relief count dropped by 33,000 units. Key point: Forbearance starts fell to their lowest weekly volume (30,000) since the beginning of the pandemic…Read More
One More Mortgage IPO: Blackstone’s Mortgage Unit Starts Trading Monday April 2, 2021 Paul Muolo More gas left in the mortgage IPO tank? Some...Read More
Flow Deal Could Net Buyer $1.2 Billion of MSRs March 26, 2021 Paul Muolo The MSR totals are based on February loan production by this particular seller...Read More
Annaly Inks Deal to Sell CMBS Unit March 26, 2021 Brandon Ivey The commercial unit accounted for only 2.3% of Annaly's assets as of the end of 2020.Read More
Redwood’s First Venture Investments Focus on Rental Services March 22, 2021 Brandon Ivey However, the size of the investments in Rent Butter and Rent Room were not disclosed...Read More
Servicing Prices: Happy Days are Here Again March 19, 2021 Paul Muolo Investment bankers like Mark Garland of SitusAMC believe that by the third quarter bulk MSR sales could be on a roll...Read More
A Large ‘Flow’ MSR Deal Hits the Auction Circuit March 18, 2021 Paul Muolo More evidence the flow MSR market is recovering: this auction from Phoenix and a recent large one from IMA...Read More
A Hefty Profit for Mr. Cooper on Sale of Title Business March 15, 2021 Paul Muolo Blend Labs, the digital automated underwriting platform, is diving head first into the title business...Read More
IPO-Bound Lender Selling ‘Flow’ MSRs February 18, 2021 Paul Muolo At a time when servicing values are firming up, Caliber is looking to sell product...Read More
AZ Bank in $1 Billion Deal to Buy Nation's Third Largest Correspondent Lender February 16, 2021 Paul Muolo Back in fall, the privately held AmeriHome announced its intentions to go public.Read More
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