Short Takes: Competing Bid for REIT / Rates to Remain Elevated / Upgrade for NewRez July 13, 2023 Brandon Ivey AG Mortgage Investment Trust has joined the competition for Western Asset Mortgage Capital.Read More
Short Takes: Affordability Strains / Limited Inventory / REIT Consolidation / Enact Sharing MI Risk July 6, 2023 Brandon Ivey Average loan sizes on mortgage applications are shrinking.Read More
Western Asset’s REIT to Merge With Terra Property Trust June 28, 2023 Brandon Ivey Western Asset Mortgage Capital's investments in residential assets will be sold off, with the capital going toward commercial assets.Read More
Catching Fire: Higher-Coupon MSR Deals June 26, 2023 Paul Muolo Another dealmaker said he’s working on a “large” deal with a coupon north of 5.00% but the details have yet to be worked out.Read More
Short Takes: Better.com Update / Float Issues / More HELOC Players / Servicing Details? / MSRs for Sale June 26, 2023 Paul Muolo The Prestwick/MCT package has a weighted average coupon of 3.27% and a delinquency ratio of 2.35%.Read More
Planet Home Acquires $10 Billion in Ginnie MSRs June 22, 2023 Brandon Ivey The acquisition boosts Planet Home’s servicing portfolio to $94 billion.Read More
Consumer Direct Unit Changes Hands Among Smaller Banks June 20, 2023 Brandon Ivey BNC National Bank sold its consumer direct lending unit to First Federal Bank.Read More
In Limbo: The Future of Select Portfolio Servicing June 12, 2023 Paul Muolo Roughly $1.6 billion in advances were attached to the portfolio.Read More
Short Takes: Waiting on a 5.5% Mortgage / Sideways Share Prices / Buying Ugly Ducklings / loanDepot’s House Cleaning / A Little M&A June 5, 2023 Paul Muolo and James Dohnert Flanagan and Carrillo have been active sellers of loanDepot stock the past few months, according to SEC records.Read More
REIT M&A: Tonkel-Led Arlington Agrees to a Deal May 31, 2023 Paul Muolo Tonkel was a top executive at Friedman, Billings Ramsey, which took many a REIT public in the 2000s.Read More
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