CMG Primed for Growth in a Tough Market October 23, 2023 Paul Muolo CMG’s scorecard looks like this: 394 retail branches today compared to 241 a year ago.Read More
Short Takes: More to Come From DOJ / PrimeLending Posts Loss / AGMIT Close to Acquiring WAMC October 20, 2023 Brandon Ivey The DOJ has more than 24 investigations into redlining in progress.Read More
Short Takes: ‘Grannie-Pad’ Income Gets Respect / A Downgrade for FoA / Challenging MBS Demand? / Fairway CEO: We’re Not for Sale! October 16, 2023 Paul Muolo More bad news for Blackstone's reverse lender, Finance of America...Read More
Top-20 Servicer a Potential M&A Target October 11, 2023 Paul Muolo “When the yield on the 10-year [Treasury] goes up more than 50 basis points in less than a month, something is going to get broken,” one consultant noted.Read More
Better Execs to Collect $17 Million in Bonuses Tied to Going Public October 2, 2023 Brandon Ivey Half of the bonus payments will be withheld until Better achieves two consecutive quarters of “positive operating cash flow.”Read More
A Done Deal: Rithm Agrees to Buy SLS Parent and $136B of MSRs October 2, 2023 Paul Muolo Rithm will pay for the purchase using “existing” and “available liquidity” as well as servicing-backed financing.Read More
Short Takes: A Hike in GSE Loan Limits? / Big Sky Country? Big Home Prices / The RoundPoint Deal Closes / Margin Calls on MBS / Rankings Update October 2, 2023 Paul Muolo and Brandon Ivey Margin calls on MBS investors using leverage?Read More
ICE Touts Benefits of Black Knight Acquisition September 29, 2023 James Dohnert Mortgage investors, lenders and borrowers could all benefit from ICE's acquisition of Black Knight, according to leaders at ICE.Read More
Former Civic Leader Launches New Business-Purpose Lender September 29, 2023 James Dohnert The team that transitioned from Civic Financial Services to CV3 accounted for 90% of Civic’s estimated $3 billion loan production in 2022.Read More
Short Takes: Delinquency Trends Could Turn / Affordability at Lowest Point in Decades / How Much is a Multifamily Business Worth? September 25, 2023 Brandon Ivey Delinquency rates may be nearing cycle lows...Read More