Analysts Raise Concerns About New Residential’s Hunger for MSRs January 31, 2017 Paul Muolo Keefe, Bruyette & Woods is worried about the prepayment risk that comes with owning so much Fannie Mae/Freddie Mac servicing rights…Read More
Citigroup Kisses MSR Business Goodbye; A Rising Force Named ‘New Rez’ January 30, 2017 Paul Muolo The last company to go on an MSR acquisition binge this fierce was Ocwen Financial…Read More
Short Takes: Okay, Which Bank Will Exit the MSR Market Next? / The Trump Factor / The Fortress-New Rez Connection / Behind the Scenes at Nationstar / Arch Announces MI Manual Update January 30, 2017 Paul Muolo Fortress also owns roughly 70 percent of Nationstar Mortgage, a stake it has held for quite some time.Read More
Citigroup Announces Plan to Exit Residential Servicing Business; Will Take a $400 Million Charge January 30, 2017 Paul Muolo New Residential, a publicly traded REIT, will obtain the rights to roughly 780,000 loans ($97 billion) guaranteed by Fannie Mae and Freddie Mac...Read More
Bulk MSR Transfers up Sharply in Late 2016; Co-Issuance Sector Cooled January 30, 2017 John Bancroft Bulk transfers of Freddie Mac MSRs also increased dramatically in 4Q16, more than doubling to $17.52 billion…Read More
Willie Newman’s Home Point Financial Agrees to Buy #41 Ranked Stonegate January 27, 2017 Paul Muolo In the past, Home Point has been a selective buyer of servicing rights and other companies...Read More
What We’re Hearing: Still Here: CFPB Chief Cordray / Maybe the CFPB Needs to Hire Some LOs / Realty Firms Show Affection for Mortgage Lending / Less RESPA Enforcement? / Warburg Makes a Mortgage Investment / HUD IG Issues a ‘Recall’ January 27, 2017 Paul Muolo Maybe the CFPB should hire some loan officers who have actually closed a mortgage...Read More
RPM Mortgage Hits the M&A Trail Once Again January 19, 2017 Paul Muolo Late last year, RPM made what it called an “investment” in American Eagle Mortgage of Ohio…Read More
Incenter Selling $4 Billion Freddie Mac Servicing Portfolio January 19, 2017 Paul Muolo The delinquency rate on the package is just 0.65 percent, based on number of loans…Read More
Servicing Auctions Begin to Heat Up; New Packages from IMA, Phoenix January 17, 2017 Paul Muolo The lenders selling the MSRs are both nonbanks…Read More
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