What We’re Hearing: How Long Can Regulators Keep ‘Baby-Proofing’ the American Mortgage Market? / Non-QM Lending is a $50 Billion Market. That’s All? / Citadel Has Little or No Competition / Ocwen-Wells MSR Deal Imminent… Not September 26, 2014 Paul Muolo In other words, mortgage banking is now supposed to be a “sure thing” where no one – and we do mean no one – takes on risk or fails. Ever.Read More
Ocwen Sale of $800 Million of Ginnie Mae MSRs Fails to Trade September 25, 2014 Paul Muolo Ocwen is still active as a bidder on MSR packages, focusing on smaller transactions these days.Read More
Fresh Off of Regency Deal, RPM Has ‘Letters-of-Intent’ With Two Other Lenders September 24, 2014 Paul Muolo RPM Mortgage would love to expand its presence in East Coast markets. It also recently rolled out a non-QM product.Read More
After Comstock Acquisition, Guild Wants to Buy More Lenders; An Eventual IPO? September 23, 2014 Paul Muolo As the mortgage M&A market chugs along in the coming year, Guild hopes to be a buyer.Read More
Ginnie Mae Promises Net Worth Rules for All by MBA Annual September 23, 2014 Paul Muolo Soon it will be easier to use Ginnie Mae mortgage servicing rights as collateral, or so the agency hopes.Read More
Short Takes: Mortgage Industry Shrinks but Not by Much / Can It Be? Final Risk Retention Rules? / Treasury’s Experiment in Non-Agency MBS / October Non-QM Launch for Ethos / JPM Removed From Virginia Lawsuit September 23, 2014 Brandon Ivey, Paul Muolo, and Charles Wisniowski It appears that Ethos Lending will enter the non-QM market come October...Read More
Why MSR Securitizations Likely Have Hit the Wall September 23, 2014 Paul Muolo The concept of MSR-backed securities recently came to the fore again with the news that Stonegate Mortgage, Indianapolis, is contemplating a transaction.Read More
Flow and Bulk MSR Deals Continue to Hit the Market September 19, 2014 Paul Muolo Although "legacy" MSR sales are in the tank, newer servicing rights continue to hit the market.Read More
West Coast-based RPM Finally Inks Deal to Buy NH Lender; More Purchases in the Works? September 19, 2014 Paul Muolo Founded in 1996, Regency is owned and operated by its founders Quentin Keefe and Maureen Lemay. Both will continue in their present positions.Read More
What We're Hearing: Do Banks Really Hate Mortgages? / Stearns Hires Former BofA Retail Honcho / Do the GSEs Really Need Capital? / A Bad NPL Experience? September 19, 2014 Paul Muolo Commercial banks hate mortgages. No, they don't. Yes, they do. No they don't. Yes, they do...Read More
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