Eventually, loanDepot Will Go Public; As for the CFO Resignation… November 23, 2015 Paul Muolo One investment banker familiar with the firm said, “a CFO disruption so close to the IPO just doesn’t look good.”Read More
New Bulk MSR Offerings from MIAC and Phoenix Capital November 19, 2015 Paul Muolo Interest rates are rising and that means more MSR packages are likely to hit the market.Read More
Short Takes: Industry to Fed: Raise Rates Already / Want to Increase Housing Affordability? Convince Sellers to Cut Their Asking Prices / UG Rolls Out Expanded Guidelines for Doctors and Lawyers / CHMI Closes on MSR Purchase / Landes to Head Sales at Ston November 19, 2015 Paul Muolo Quite a few executives believe the central bank should move forward with a “one and done” strategy and be done with it...Read More
Ocwen Looks Beyond Acquisitions of MSR Assets November 18, 2015 Brandon Ivey In order to grow its servicing portfolio through acquisitions, Ocwen has to satisfy conditions set in detailed consent orders...Read More
What We’re Hearing: loanDepot, What the Heck Happened? / Marketing Itself as Technology and Consumer Finance Firm / Eventually, the IPO Will Happen / Salivating Short Sellers? / Waiting on the FHA MMIF Audit November 13, 2015 Paul Muolo A handful of hedge funds were salivating at the prospect of shorting loanDepot's stock...Read More
No Flurry of ‘Bulk’ Servicing Deals This Time Around? November 11, 2015 Paul Muolo Meanwhile, mortgage servicing values have firmed up the past month, thanks to the recent rise in interest rates...Read More
Short Takes: Sen. Ted Cruz Wants to Kill HUD / A New 52-Week Low for Altisource Asset Management / Fannie Mae’s HQ Finally Hits the Market / NMI Gets Senior Secured Loan / The Fastest-Growing Servicers Among Us November 11, 2015 Carisa Chappell and Paul Muolo Sen. Rand Paul, R-KY, said he would not touch the mortgage interest deduction, but Dr. Ben Carson wasn't as friendly...Read More
Short Takes: loanDepot Moving Closer to IPO? / Garrett Suggests a ‘Reverse’ Merger for Stonegate / Revenue Falls Off the Table at Altisource Asset Management / Nationstar in Servicing-Released Option for MPF November 9, 2015 Paul Muolo Maybe a "reverse" merger might work for Stonegate Mortgage...Read More
AIG Not Likely to Part Ways With United Guaranty; Of course… November 6, 2015 Paul Muolo So, where did all the talk of a possible sale or spin-off come from? Answer: from activist investor Carl Icahn.Read More
Mortgage Banking Solutions and Morvest Selling $1.2B of Ginnie Mae MSRs November 4, 2015 Paul Muolo The sale is notable not only for its size, but for the fact that MBS and Morvest – partners on this auction – don’t normally sell servicing rights as part of their advisory practices.Read More
RSS