Flagstar Wants to be a Major Player in Subservicing Arena July 24, 2013 Paul Muolo Is Flagstar about to pull off a massive sale of MSRs?Read More
Thanks to Higher Rates, Mortgage IPOs Could Prove More Difficult July 23, 2013 Paul Muolo The easy money may be over for mortgage IPOs, but that doesn't mean deals won't get done.Read More
What We're Hearing: Industry Facing 40 Percent Layoffs? / Movement Mortgage Trims Staff / Mel Watt to the Rescue? / 125 Percent LTVs are Back, No Not HARP / HUD Auctions Off More than $3 Billion of NPLs / Hensarling Schedules Markup of GSE Bill July 19, 2013 Fear and loathing in the mortgage job market? Movement Mortgage has let several mortgage workers go. Can looser underwriting standards save the day? Read More
Flagstar Job Loss Could Top 300, Large MSR Sale in the Works July 18, 2013 Paul Muolo Flagstar hopes to unload $30 billion in residential servicing rights, but is contemplating selling even more in the way of MSRs.Read More
Cole Taylor Mortgage in Detailed Sale Talks With PE Firms July 18, 2013 Paul Muolo Three years ago Cole Taylor Bank had no presence in the mortgage market until Willie Newman joined the bank and started a residential division.Read More
Short Takes: Nationstar Lays Groundwork for Another BofA MSR Deal / PHH Revises Warehouse Agreement with RBS / The Fed Will Keep Gobbling Up MBS / The CFPB’s Cordray is Finally Street Legal / An OIG For CFPB? July 17, 2013 Paul Muolo and Thomas Ressler Nationstar Mortgage is issuing $250 million of debt, hinting that it may buy more MSRs from Bank of America.Read More
PREO Mortgage Bought by First Key, a Cerberus Unit July 11, 2013 Paul Muolo Cerberus' purchase of PREO Mortgage of Atlanta could be the beginning of something big for the company.Read More
Carrington Mortgage EVP Rick Sharga Departs for Auction.com July 11, 2013 Paul Muolo Over the years Sharga has briefed government organizations such as the Federal Reserve and Senate Banking Committee.Read More
How Hot Are Mortgage Servicing Rights? 25 New Investors Since January July 10, 2013 Paul Muolo A year ago, only two to four bidders would show up for an MSR auction. But those days are long over. Read More
Short Takes: It’s Gain-on-Sale Confession Time / Treasury Illegally Glomming onto GSE Profits? / Foreclosures Fall 27 Percent, But… / More Details from Richey May on Mortgage Comp July 9, 2013 Paul Muolo, George Brooks, and Charles Wisniowski A few days the megabanks will reveal 2Q earnings, letting us know how gain-on-sale margins are holding up.Read More
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