Short Takes: Can it Get Any Worse for Ocwen? / JPM Makes Progress on Loan Mods / Skyline Will Double its Capital Base / No Love for Russia / #1 in St. Louis? December 16, 2014 Paul Muolo and Brandon Ivey The subordinated debt deal will double the capital base of Skyline Lending.Read More
It’s Official: LenderLive Will Sell Control of Company to Private Equity Firm December 15, 2014 Paul Muolo Aquiline is headed by Jeffrey Wayne Greenberg, son of former AIG chairman Maurice “Hank” Greenberg. Read More
Depositories Increased MSR Values in 3Q but Also Shed Product December 15, 2014 John Bancroft Bank and thrift MSR holdings peaked at $5.977 trillion back at the end of 2009.Read More
Public Company Selling $800 Million of Fannie/Freddie MSRs December 15, 2014 Paul Muolo Roughly 86 percent of the mortgages were correspondent originations. Read More
Impac in Talks to Buy ‘Leading’ Mortgage Originator, Eye on ‘Alt’ Expansion December 12, 2014 Paul Muolo But who is the mystery lender that Impac is talking to?Read More
What We’re Hearing: Does Impac Have Money for a Big M&A Deal? / Ocwen Catches the Eye of Treasury / A 480 FICO Score Lender? / How Fannie and Freddie Really Feel About Nonbanks December 12, 2014 Paul Muolo What do Fannie and Freddie really think of nonbanks? Read their SEC filings.Read More
Short Takes: Mortgage M&A Trend Hits Utah / GSEs Can’t Pass On the Cost to Lenders / No More Flips With FHA Loans / A Nice Dividend From PennyMac / A Coming Refi Boom? Yes or No? December 11, 2014 Paul Muolo, George Brooks, and Brandon Ivey But there's one little wrinkle: the GSEs cannot pass the cost of funding the HTF onto lenders…Read More
MountainView Floats Two New Ginnie Mae MSR Portfolios December 9, 2014 Paul Muolo The $227 million portfolio is top heavy with California product which accounts for roughly 62 percent of the receivables. Read More
IMA Offering $3.47 Billion Freddie Mac MSR Portfolio December 8, 2014 Paul Muolo According to the offering circular, the package has no delinquencies and a coupon of 3.70 percent.Read More
What We’re Hearing: National Lender Gives Up Profits for Volume? / Too Many Buyers and Not Enough Sellers? / A Hot Topic of Conversation: Nonbank Capital Standards / Another REIT Spin-off? December 5, 2014 Paul Muolo Is there anything wrong with conducting a mortgage sale? Of course not, but by giving up profits...Read More
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