TMS Exiting Retail and Wholesale Channels, Will Focus on Servicing, Correspondent Acquisitions January 8, 2019 Paul Muolo AmeriSave said it wants to scale its origination business…Read More
Short Takes: $249 Million in Mortgage Payments at Risk? / Will Trump Order Fannie and Freddie to Stand Down? / Assessing Mark Calabria / Lovell Buys ATTOM / LoanLogics Hires Mortgage Tech Vet January 8, 2019 Namrata Bhatia, Brandon Ivey, and Paul Muolo Overwhelmingly, industry analysts expect Mark Calabria to shake things up at the Federal Housing Finance Agency – that is, once he’s approved by the full Senate. Read More
CMG Mortgage Expands in the Northeast, Assumes 14 RPM Branches January 7, 2019 Paul Muolo RPM CEO Rob Hirt was good-natured about the departures: “I wish CMG continued success into 2019…”Read More
Mr. Cooper to Take Control of IBM’s Seterus. Fannie a Big Client January 4, 2019 Paul Muolo Market sources said Seterus struggled to find new servicing clients to replace its dwindling contracts with Fannie Mae.Read More
Mr. Cooper to Take Control of IBM’s Seterus. Fannie a Big Client January 4, 2019 Paul Muolo Market sources said Seterus struggled to find new servicing clients to replace its dwindling contracts with Fannie Mae.Read More
Stratmor Sees a Strong Year for Mortgage M&A. However… January 3, 2019 Brandon Ivey However, Steve Harris, president of MIAC Capital Markets, said he sees a weak market when it comes to “franchise” deals. Read More
MIAC Closes $8 Billion MSR Sale. Several Auctions in the Works January 3, 2019 Paul Muolo Several brokerage firms are working on MSR transactions…Read More
Short Takes: The First Mortgage M&A Deal of the Year? / Mnuchin is Aware of the IRS Tax Transcript Problem / Will Government Workers Miss a Mortgage Payment? / Happy New Year from President Trump: Your Pay is Frozen / Tom Selleck Keeps Pitching HECMs / Ce January 3, 2019 Paul Muolo Celink, a servicer of reverse mortgages, has agreed to pay the federal government $4.25 million for violating the False Claims Act...Read More
Lion Point Capital Declares 50 Percent Stake in Ditech December 27, 2018 Paul Muolo The investment banking firm Houlihan Lokey has been fielding offers for Ditech…Read More
Varde Ponders Selling Nonprime Unit Deephaven Mortgage December 26, 2018 Paul Muolo Matt Nichols, a former Goldman Sachs executive, launched Deephaven earlier in the decade as a correspondent buyer of non-QM loans. Read More
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