Incenter Auctioning Off Corporate Mortgage Shell of SoCal Lender June 4, 2018 Paul Muolo The corporate shell includes 27 state licenses… Read More
Prestwick Selling MSR Portfolio Backed by Healthcare Facilities June 4, 2018 Paul Muolo The average loan amount is $10.9 million.Read More
MountainView Selling $3.6 Billion Fannie Mae MSR Portfolio June 1, 2018 Paul Muolo The seller of the portfolio, who was not identified, wants to complete the transaction by July 31.Read More
What We’re Hearing: Making Lemons out of Lemonade / Mortgage Brokers Trim Staff / A RIF at Movement Mortgage / The FHFA-OCC Connection / Conventional Lenders Eyeing the Non-QM Market? / A Tech Firm Looked at NSM June 1, 2018 Paul Muolo Although some conventional lenders are struggling with lower volumes, Angel Oak and Citadel Servicing Corp. are humming along...Read More
Surprise: Citizens (a Bank) Agrees to Buy 19th Largest Originator FAMC for $511 Million May 31, 2018 Paul Muolo A commercial bank buying a large mortgage company? Yes, indeed...Read More
Cherry Hill REIT Raising Nearly $50 Million, Prompting Speculation on Expansion May 31, 2018 Brandon Ivey The REIT was vague when describing what the cash will be used for, sticking to the standard line about using the proceeds for “general corporate purposes.”Read More
Citizens Bank Agrees to Buy Top-Ranked TPO Lender FAMC for Just 1.1-Times Book May 31, 2018 Paul Muolo Roughly 95 percent of FAMC's production comes from brokers and correspondents, according to Inside Mortgage Finance...Read More
Castle & Cooke Mortgage Sold to CEO Adam Thorpe and Eli Global May 31, 2018 Paul Muolo Based in Durham, NC, the privately held Eli Global has insurance assets and tries to keep a low profile. Read More
Short Takes: Mel Watt’s Successor May Be… / Morgan Stanley had a Role in the FAMC Deal / Consolidation Nation? / A New MBS from Redwood / New Hires for Home Point May 31, 2018 Brandon Ivey and Paul Muolo The consolidation tidal wave approaches ... or maybe not...Read More
IMA, Phoenix Offering MSR Packages May 29, 2018 Paul Muolo According to the offering circular, the average loan balance is $230,368 with delinquencies totaling 5.80 percent...Read More
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