Fintech LendingClub Agrees to Buy Boston ‘Digital’ Thrift February 19, 2020 Paul Muolo Radius is a privately held thrift that markets itself as a “forward-thinking digital bank.”Read More
Global Investment Fund HPS Closes on Citadel Servicing Deal. CEO Perl ‘Retires’ February 18, 2020 Paul Muolo HPS named Kyle Gunderlock, CSC’s president and chief operating officer, to succeed Perl as CEO.Read More
MorVest Offering GSE MSRs February 14, 2020 Paul Muolo The new MSR offering from MorVest is top-heavy in California product... Read More
Short Takes: New Rez Ready to Tap the Equities Market Again / The ‘A’ Team has Arrived / Risk Factors? / CHLA Weighs in on FHA / A New Hire for Nations Lending February 11, 2020 Paul Muolo The Community Home Lenders Association called on the White House to end the government mortgage insurer’s life of loan premium policy.Read More
New Residential Stays MSR Hungry February 10, 2020 Paul Muolo Moreover, the REIT has already inked deals to buy another $40.0 billion, transactions that are expected to close by March 31. Read More
FHFA Taps Houlihan Lokey as GSE Consultant. Contract Could be Worth $45M February 4, 2020 Dennis Hollier “The next major milestone for FHFA is the re-proposal of the capital rule, which will happen in the near future,” said FHFA Director Calabria.Read More
RoundPoint Closing Drags On. Anyone to Blame? February 3, 2020 Paul Muolo One advisor noted in an email exchange: “The market thinks the deal is just waiting on NYS. You know how that goes: S-L-O-W.” Read More
Job Cuts at Mr. Cooper Servicing Platform in Oregon January 30, 2020 Paul Muolo In December, Mr. Cooper reported that pre-tax profit margins on originations fell to 1.1% in October and November from 1.3% in the third quarter.Read More
A Flat Origination Quarter for Flagstar January 28, 2020 Paul Muolo Flagstar also revealed $4.9 billion of "flow” servicing sales during 4Q19...Read More
Nonbank Lakeview Dethrones Wells Fargo as the Top Ginnie Mae Servicer January 27, 2020 John Bancroft Lakeview booked $7.85 billion in bulk Ginnie MSR transfers during the fourth quarter. The biggest chunk, $3.40 billion, came from United Shore Financial Services, the parent of United Wholesale Mortgage, the nation’s fifth largest home lender. Read More