What We’re Hearing: CFPB Tries to Clear the Air on Construction Loans / A Friendly Holiday Letter From Richard? / CMC Supports the FR Move / A Tech Firm Enters the Mortgage Space / $1 Billion a Month in MSR Purchases February 5, 2016 Paul Muolo Paul Hindman, a consultant at Grid Financial Services, had this to stay about the deal: “The more important question is what other mortgage-related companies are on Computershare’s shopping list….”Read More
Two Harbors Earns $72.1 Million in 4Q, Will Focus More on MSRs… February 4, 2016 Brandon Ivey Two Harbors issued $2.00 billion of jumbo MBS 2015, adding that pricing improved for its deals throughout the year.Read More
A Half-Dozen ‘Serious’ Buyers of Mortgage Companies? February 4, 2016 Paul Muolo As one M&A advisor noted: "Value is in the eye of the beholder."Read More
TRID Suddenly Driving Mortgage M&A Activity? February 2, 2016 Paul Muolo Mortgage firms that are thinking about selling are 15 to 25 years old, said one M&A advisor...Read More
Short Takes: Selling Your Mortgage Firm? Be Prepared to Stick Around / What do Mortgage CEOs Earn Each Year? / The Falling Yield on the 10-Year / First Tennessee Settles with Uncle Sam / LenderLive Hires Ex-Impac Official February 2, 2016 Paul Muolo and George Brooks Earnings are high at most nonbank lenders these days, which makes them attractive to investors...Read More
Residential Credit Solutions Sold to Walter Through an Asset Transfer January 29, 2016 Paul Muolo The REIT had hoped to buy an originator too, but the transaction fell apart... Read More
The Final MSR Transfer Count for 2015: $254 Billion; BofA a Major Seller of Ginnie Rights January 27, 2016 John Bancroft Not only has BofA reduced its presence in the FHA market, but it keeps dumping its Ginnie Mae servicing rights...Read More
Short Takes: Quicken Taps Microsoft Executive for Strategy Post / Mortgage Technology Innovators? / NY and NJ a Problem for Freddie Mac / Stonegate Mortgage Hires SW Regional Manager January 25, 2016 Paul Muolo Besides Quicken, loanDepot has been mentioned as an innovator when it comes to new using new technologies...Read More
Based on ‘Transfers,’ $254 Billion of Agency and Ginnie MSRs Changed Hands in 2015 January 22, 2016 John Bancroft The Ginnie Mae market was the most active of the three, with an estimated $112.6 billion in MSR sales through the first 11 months of 2015.Read More
What We’re Hearing: Lower Expectations for MSR Sales / A Pivotal Quarter for Ocwen, Nationstar, Walter? / More Call Centers, Less Branches? / Can Loan Officers Be Replaced by Computers? / About that New Refi Boom… January 22, 2016 Paul Muolo There is also a school of thought that going forward, loan officers won’t be needed as much because of new origination technologies...Read More
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