Overall, the trading volume in third quarter was the thinnest of the year and 4Q19 could be weaker still.

Under the terms of the deal, BrandMortgage CEO Greg Shumate will become an officer of the bank…

Directors Mortgage hopes to open new offices in Colorado and New Mexico by the second quarter of 2020.

Some market watchers suspect that in the wake of Citadel Servicing striking a deal, other shops might be open to offers as well…

The Fannie Mae/Freddie Mac loans backing the MSRs are top-heavy in Texas collateral at 46.8% of the total.

Since mid-September, four nonprime-related M&As have either been announced or have come to light through market sources: Deephaven Mortgage’s acquisition by Pretium Partners; Redwood Trust’s purchase of CoreVest American Finance and Citadel Servicing’s takeover by HPS Investment Partners. And now the Luxury deal.

“In the first quarter everybody was hating life,” said Michael Lau, CEO of Pingora Asset Management. “Now everybody is loving life. They have fat margins and origination pipelines are robust.”

SitusAMC is working on several potential MSR transactions as well...

Luxury Mortgage was founded in 1996 and is currently headed by CEO David Adamo. Years ago, there was a company with a similar name headed by Michael Covino…