Figure Affiliate Files $250 Million IPO with Plans to Acquire a Company February 4, 2021 Brandon Ivey Figure Acquisition Corp. I is planning to acquire a company involved in financial technology and financial services. Read More
As More MSR Packages Hit the Market, A New Concern Develops... February 3, 2021 Paul Muolo Investment bankers that work in the trenches fear that pent-up selling in the first quarter could lead to a mad rush for the exit...Read More
Tech-Focused Valon Raises $50 Million, Has Huge MSR Growth Plans February 2, 2021 Brandon Ivey Valon, formerly known as Peach Street, plans to use the funds to hire and acquire...Read More
‘Highly Reputable’ Originator Offers Flow Deal That Could Top Almost $34B February 1, 2021 Paul Muolo IMA says the seller is a "well-capitalized independent mortgage bank with very experienced leadership"...Read More
Cash In Hand, UWM Reassesses Its Role in the MSR Market January 25, 2021 Paul Muolo CEO Mat Ishbia said the $925 million the firm garnered from Friday’s transaction gives the nonbank solid options when it comes to growth.Read More
Agency MSR Transfers Spike. Chief Reason: Freedom’s Acquisition of RoundPoint January 24, 2021 Total MSR transfers – including bulk deals and coissuance transactions – more than doubled from the third quarter, hitting $188.11 billion. However...Read More
Mortgage Production Cools Off at Flagstar in 4Q20 January 21, 2021 Brandon Ivey Flagstar's production and profit margins declined in the fourth quarter, though the bank increased MSR sales and warehouse lending... Read More
The Winners of Quicken’s $25B MSR Portfolio: Ocwen and Freedom January 20, 2021 Paul Muolo Also, Guaranteed Rate peeled off a $13 billion chunk of receivables...Read More
SoFi Jumps on the SPAC/IPO Bandwagon January 8, 2021 Paul Muolo According to figures compiled by Inside Mortgage Finance, SoFi sold roughly $1.9 billion of home mortgages to Fannie Mae in 2020, including $670 million in the fourth quarter alone.Read More
Ocwen Mediation with CFPB Ends; Servicer Hikes Legal Reserves January 7, 2021 Yemeng Yang and Paul Muolo Even though the mediation effort has ended, Ocwen is still bidding on servicing portfolios... Read More