MIAC Offers Flow Deal That Could Net $900 Million Per Year July 1, 2016 Paul Muolo The product for sale is concentrated in Arizona, California, Florida and Texas.Read More
Short Takes: Maybe the ‘Brexit’ Rate Fall-Out Won’t Be So Bad for Servicers / 66% of Borrowers Eligible to Refi? / FHFA Tells Wrongdoers: Inflation Happens / Two M&A Deals Close / Zillow: FTHBs May Want to Wait July 1, 2016 Macie Jones and Paul Muolo A new report from Deutsche Bank estimates that a 3.5 percent rate on mortgages “puts roughly two-thirds of borrowers in the money to refinance…"Read More
Mortgage Company M&A Heats Up – In the Multifamily Sector; REIT Sells GSE MF Lender June 30, 2016 Paul Muolo Ares said it will use the cash from the sale of its mortgage banking subsidiary to its “principal lending portfolio.”Read More
Fear and Loathing in the Ginnie Mae MSR Market; The ‘MIP’ Factor? June 29, 2016 Paul Muolo There’s a growing concern about price discounts on Ginnie servicing rights, and a strong belief that the agency is once again getting anxious about so many nonbanks being such large players in the market.Read More
Short Takes: Walter Extends ‘Poison Pill’ Plan / What? / Large Positions in a Money-Losing Company / Why Mortgage Applications Fell, an Explanation / Nice Increases for Prosperity Mortgage June 29, 2016 Paul Muolo Among those reporting higher application volume is Prosperity Mortgage, the residential lending arm of realty giant Long & Foster...Read More
Phoenix Capital Selling $1.08 Billion of GSE Servicing Rights June 27, 2016 Paul Muolo The mortgages currently are being subserviced by a firm described as “DMI.”Read More
Short Takes: What’s an NBA Championship Worth? About 25 BPs / MountainView Selling Ginnie Mae MSRs / 20 Percent Down Isn’t the Right Answer? / Homeownership, a Complicated Affair / Ditech Hires Ex-SunTrust Exec June 23, 2016 Brandon Ivey, Macie Jones, and Paul Muolo Who needs a toaster when you can have a mortgage at a 25 basis point discount?Read More
Ginnie Mae Hosts ‘Liquidity Summit’ on Friday; A Concern That the Megabanks Have Split for Good? June 23, 2016 Paul Muolo How big of a deal in this liquidity summit? Well, officials from the Federal Reserve and Treasury Department will be there...Read More
IMA Selling Almost $5 Billion of GSE Servicing Rights June 22, 2016 Paul Muolo The market is beginning to see more MSR auctions, much of it tied to GSE product...Read More
PE Firms Rethinking their Massive Investments in MSRs? June 21, 2016 Paul Muolo Seneca – whose backers include The Blackstone Group, EJF Capital and Arbor Commercial Mortgage – may not be so growth-oriented going forward.Read More