Mortgage REIT Raises Almost $196 Million, Plans to Buy MSRs, More… October 26, 2021 Paul Muolo Back in the summer, Two Harbors was ready to settle on $17.5 billion of MSRs...Read More
First American Buys Bob Caruso’s Subservicing Shop October 25, 2021 Paul Muolo A title insurance giant makes a splash with its latest vendor acquisition...Read More
Nonbank's Mortgage Servicing Share Just Shy of 60% October 21, 2021 John Bancroft Commercial banks continue to show no love for MSRs, except for JPMorgan Chase...Read More
Non-QM Originator Newfi Agrees to a Sale. Others? October 21, 2021 Paul Muolo Originators of non-qualified mortgages are pondering sale offers from yield-hungry investors. Who’s in the driver’s seat? Right now, the originators are.Read More
New GSE MSR Auctions From Prestwick, MIAC October 19, 2021 Paul Muolo As yearend approaches, more bulks deals are expected...Read More
MSR Market Roars Back to Life in 3Q21 on Bulk Sales October 18, 2021 John Bancroft Most of the major bulk buyers recorded big gains during the third quarter. Ocwen Financial closed some $57.22 billion of bulk purchases...Read More
Another Non-QM Lender Changing Hands: Newfi October 18, 2021 Paul Muolo Steve Abreu, who founded Newfi and serves as its CEO, will stay on with the mortgage firm after the sale closes.Read More
Rocket Takes Another Trip to the MSR Selling Well October 15, 2021 Paul Muolo and John Bancroft Rocket sold $40.85 billion of agency MSRs during the third quarter after sitting out the prior period...Read More
The M&A Question: Which Side Are You On? October 15, 2021 Paul Muolo The one saving grace for these companies is that the recent rise in rates has increased the asset value of their servicing portfolios...Read More
Short Takes: Ocwen Hires Some Heavy Hitters for TPO / Strong 3Q21 Results? / USB Grows Home Lending By Almost 20% / Taper Sooner? / Hale Becomes the Chief October 15, 2021 Paul Muolo and Dennis Hollier Ocwen hints at good things in its (coming) 3Q21 results...Read More
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