Short Takes: GSE Bi-Merge Transition Delayed / FHA Updates Loss-Mitigation Waterfall / Updated Damage Estimates for CA Wildfires / A&D to Acquire Flagstar’s Wholesale Business via Mr. Cooper January 17, 2025 Brandon Ivey The GSEs didn't provide a revised timeline for implementing bi-merge credit score policies.Read More
Short Takes: Home Prices on the Rise / Mom-and-Pop Landlords Lead Way for Housing Market / Amynta Group Acquires Mortgage Insurance Underwriter December 26, 2024 James Dohnert Redfin said home prices have risen for three straight months.Read More
Acra's New Parent: BlackRock (But for How Long?) December 4, 2024 Paul Muolo HPS, by no means a piker, has $116 billion of assets in its investment portfolio, with Acra’s holdings just a fraction.Read More
Onity Pays Off Some Corporate Debt Following MSR-Related Sale December 4, 2024 Brandon Ivey Onity received $49.5 million for the sale.Read More
Indiana Bank Changes Mind on Unloading Warehouse Unit November 27, 2024 Paul Muolo The buyer of Horizon's warehouse unit was not identified in the 8-K.Read More
Short Takes: Pending Home Sales Increase / NerdWallet Acquires Mortgage Broker / ICE Takes Losses on Mortgage Tech Offerings / Monthly Payments Allowed Soon for NFIP October 31, 2024 Brandon Ivey A decline in interest rates and more housing inventory helped to increase pending home sales in September.Read More
Rithm Still Pondering Spinoff of Mortgage Unit October 30, 2024 Brandon Ivey “Candidly, we have to figure out a way to get our equity price to trade where it should trade,” said Michael Nierenberg, chairman, CEO and president of Rithm Capital.Read More
Servicing Transfers (Sales) Continued to Slow in 3Q24 October 21, 2024 John Bancroft One busy seller of mortgage servicing rights was CMG Mortgage of San Ramon, CA...Read More
There Goes the Mini Refi Boom? October 21, 2024 Paul Muolo Sales of MSRs have been slow, but some owners of MSRs could decide to unload a portion of their holdings...Read More
Short Takes: Update on Mr. Cooper’s Acquisition of Flagstar Assets / Home Sales Slow in CA / Interest Rates Up Again / FHLBanks Boost Affordable Housing Contributions October 18, 2024 Brandon Ivey Flagstar is on track to sell its mortgage servicing business and third-party origination business to Mr. Cooper Group during the fourth quarter.Read More