Wells Exits Correspondent Lending, Will Shrink Servicing Portfolio January 11, 2023 Brandon Ivey For decades, Wells has capitalized on the cross-selling opportunities inherent in mortgage lending...Read More
Suddenly, A Barrage of MSR Deals Hits the Market January 11, 2023 Paul Muolo Last week, The Prestwick Mortgage Group kicked things off with a conventional offering notice...Read More
A $1.5 Billion GSE MSR Offering Hits the Street January 9, 2023 Paul Muolo The loans have an average age of 34 months.Read More
Guild EVP Horn Steps Down but Will Assist on M&A January 4, 2023 Paul Muolo Horn joined Guild in 2008 when the nonbank acquired his company, Liberty Financial Group...Read More
A Bulk Auction of Fannie/Freddie Product January 3, 2023 Paul Muolo The average size of the New York/New Jersey loans is $493,729...Read More
In the Market for MSRs Backed by HECMs? You’re in Luck… December 29, 2022 Paul Muolo The portfolio is currently being subserviced by Compu-Link...Read More
Black Knight Exec Gets Merger Bonus Early December 27, 2022 Sam Manas The bonus was previously disclosed but the payment is being accelerated...Read More
It’s Official: Union Home Buys AmeriFirst. MSRs Headed to a Third Party December 22, 2022 Paul Muolo AmeriFirst's servicing rights will go to a third party...Read More
Grapevine: Go Figure, SPAC Hits Turbulence; New Employment Contracts for PFSI Chiefs December 22, 2022 Paul Muolo It looks like Figure’s mortgage-warehouse-bank-related SPAC has hit the wall; PennyMac’s brain trust has new employment contracts.Read More
Go Figure, a Mortgage-Related SPAC Hits the Wall December 21, 2022 Paul Muolo FAC is headed by financial services fintech pioneer Mike Cagney...Read More
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