Short Takes: Stonegate Mortgage a Buyer of Other Firms? / The Other Stonegate Buys a Florida Bank / The Kings of the Channels / A New Permanent CEO for Clayton / Former FHFA Director DeMarco Sets the Record Straight August 25, 2016 Paul Muolo From what we understand, Stonegate Bank is not very active in residential lending, but Insignia is…Read More
Short Takes: Not Everyone Loves the New Fannie, Freddie Application / Okay, Who Bought the Subprime Deals? / PennyMac Gets Repo Line from JPM / MountainView Selling MSRs / Apps Fall August 24, 2016 Paul Muolo One source said that in the Angel Oak transaction, bidding started with eight investors… Read More
Mortgage M&A Activity Continues Apace; Eight Deals in Two Months August 22, 2016 Paul Muolo Meanwhile, it’s anticipated that private equity firms could play an even larger role...Read More
Short Takes: Will Ocwen Come Roaring Back? / A 29 Percent Decline in MSR Contracts / Finally, A Stock Deal / HUD Left Money on the Table / A New Director for Altisource August 22, 2016 Paul Muolo Is Ocwen's share price extremely undervalued? Read More
Phoenix Selling Flow MSR Package that Could Yield $4.8 Billion August 19, 2016 Paul Muolo Meanwhile, MountainView Servicing Group is selling a $1.9 billion Fannie Mae/Freddie Mac bulk MSR portfolio…Read More
Bottom Fishers Eyeing the Mortgage Servicing Market? August 17, 2016 Paul Muolo “It feels like we’re getting to a floor,” said MIAC Managing Director Steve Harris.Read More
Short Takes: Underperforming LOs Should be Shown the Door / loanDepot’s Hsieh on What Investors Want / Former Goldman Trader Chin Takes it on the Chin / GSE Relief for Flooded Homes in Louisiana / New Hire for ATTOM August 17, 2016 Carisa Chappell, Brandon Ivey, and Paul Muolo Joe Garrett added: “…if you keep mediocre producers around, it sends a message that you tolerate mediocrity…”Read More
Caliber Home Loans Taking a Look at PHH Assets? August 16, 2016 Paul Muolo For now, Caliber isn’t commenting on PHH and the latter isn’t discussing anything to do with a sale of its assets.Read More
MountainView Selling $3 Billion of Ginnie Mae Servicing Rights August 16, 2016 Paul Muolo In a tough Ginnie MSR market, servicing advisors believe deals can get done as long as the seller has realistic expectations on price.Read More
Short Takes: Another MI M&A Deal in the Works? / Tony Renzi’s Stock Award / Fannie Reviewed Board Seat for CEO / Don Works for Free / Regions Works Out HUD Settlement August 16, 2016 George Brooks and Paul Muolo Keep in mind there are just seven MI firms writing new policies today so there are antitrust implications regarding two large players merging...Read More
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