Will Nationstar be the Big Kahuna of MSR Acquisitions? January 6, 2015 Paul Muolo A spokesman for the company told IMFnews that the company does not discuss specific meetings it has with regulators...Read More
Short Takes: Ocwen Clocked Again / New Mortgage Blood? / What’s Next for Sig Anderman? / WaMu Lives, Well Sort Of / Auction.com Sees Possible Shift in CRE January 6, 2015 Paul Muolo and Brandon Ivey “There’s a lot of 60- and 70-year old mortgage managers out there.” Read More
Servicing Market Heats Up Early: A $4.2 Billion MSR Portfolio from MVSG January 5, 2015 Paul Muolo MountainView did not identify the company selling the servicing rights except to say it is a “well capitalized servicer.”Read More
What We’re Hearing: The Top Mortgage Stories of 2014: A Kinder, Gentler FHFA; The Ocwen Disaster; Nonbanks (Except for Ocwen) Continue to Thrive; The End of QE; A Mortgage M&A Boom in Miniature; The FHA MMIF Returns to the Black… January 2, 2015 Who knows, maybe Mel Watt will allow Fannie and Freddie to build retained earnings. (Don’t bet on it, but it’s an issue worth debating.)Read More
Short Takes: PHH May Unveil Renegotiated Private-Label Deals Soon / LOs are Hot, Mortgage Executives Are Not? / NPL Sales Weak of Late? / Large Wholesaler Enters 3% Down Market / Pingora Rocks in MSRs December 31, 2014 Paul Muolo According to Rick Roque, who heads MenloGlobal, “for the most part, executive level opportunities are stagnant, unless production comes with it."Read More
Ginnie Mae Transfers Plummet; A Lack of Mega Deals? December 29, 2014 Paul Muolo The market heated up significantly in 2013 with $152.22 billion of Ginnie MSRs being transferred.Read More
Next Up: Who Will Buy Ocwen’s Agency MSRs? Pingora? December 24, 2014 Paul Muolo “We tend to look at most everything if it is mainly performing and is 2010 or later vintage agency product," said Pingora CEO Michael Lau.Read More
Ocwen to Sell GSE Servicing Rights – But Not in ‘Bulk’ December 23, 2014 Brandon Ivey Ocwen officials said the sale of agency receivables has the potential to free-up more than $1.7 billion of capital for the company.Read More
Short Takes: Impac and CashCall? / MBA on a Membership Roll / Bill Erbey Reflects / Bill Erbey, the Sacrificial Lamb? / The First-Ever Merger of Two Housing GSEs December 23, 2014 Paul Muolo and Brandon Ivey Associates of Erbey told IMFnews that he knew several weeks ago that he would be stepping down from the company and viewed himself as a sacrificial lamb of sorts…Read More
Ellington Financial Invests in Skyline; Lender May Double Production December 16, 2014 Paul Muolo Skyline CEO Bill Dallas predicted that the nonbank funder could originate almost $4 billion next year, almost double what it produced this year.Read More
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