What We’re Hearing: The Mortgage Customer and Wells Fargo? / This Too Shall Blow Over … Maybe / Houston-Based Mortgage Firm Up For Grabs / Question for Promontory: Do You Really Want to be Owned by IBM? / MBA Chief: Hillary Clearer on Housing Issues September 30, 2016 Paul Muolo Some good news: at least Wells Fargo's share price is not in Ocwen territory...Read More
Ginnie Mae Keeping a Close Eye on Servicing Sales, Liquidity September 28, 2016 George Brooks Ginnie Mae wants to make sure that issuers are not selling all their good loans and retaining the potential dregs…Read More
Analyst: PHH Corp. Is Just too Cheap; But Will a Buyer Emerge? September 28, 2016 Paul Muolo A decade ago, PHH Mortgage had several suitors, including Countrywide Financial, which once coveted its private-label business…Read More
‘Big’ M&A Announcements Slated for MBA Convention in Boston? September 27, 2016 Paul Muolo Most of the firms looking to buy other shops are nonbanks…Read More
MountainView, Prestwick Roll Out New MSR Auctions September 20, 2016 Paul Muolo As rates increase, more deals are hitting the market...Read More
Ginnie Chief Tozer Lays it on the Line About MSR Values, Liquidity September 19, 2016 Paul Muolo Senior Vice President of Issuer and Portfolio Management Michael Drayne said recently the revised acknowledgement agreement could be ready by the end of September.Read More
Phoenix Flow Deal Could Yield $3 Billion in Product September 19, 2016 Paul Muolo The identity of the seller was not revealed in the offering circular except to say the company is “well capitalized.”Read More
Fourth Quarter Could be a Barn-Burner for MSR Sales September 15, 2016 Paul Muolo Potential MSR sellers abound, but what price will they accept?Read More
Prestwick Flow Deal Could Yield $480 Million in Servicing Rights September 13, 2016 Paul Muolo “Are there bargain hunters out there?” asked one servicing executive. “To some extent, yes.”Read More
Garrett, McAuley Advised on Three Recent M&A Deals. As for the Names… September 12, 2016 Paul Muolo Meanwhile, many mortgage companies that specialize in production are posting strong profits…Read More