Truist Sells Commercial MSR Platform to SitusAMC, $34B in Rights Change Hands September 22, 2020 Paul Muolo The acquisition includes Cohen’s servicing and asset management clients and roughly 120 employees.Read More
Starwood Affiliates Take 8.4% Ownership in MFA Financial September 21, 2020 Brandon Ivey Both MFA and Starwood are involved in the market for non-qualified mortgages.Read More
More Vendor M&A: RE/MAX and Motto Mortgage Acquire Loan Processing Firm September 17, 2020 Brandon Ivey RE/MAX said the cost is expected to have a “negligible” impact on the firm’s earnings for the third quarter...Read More
Bulk Servicing Prices Improve but Concerns Remain September 16, 2020 Paul Muolo As for competitive bids, that's a different matter entirely...Read More
IMA Sets Auction of Fannie/Freddie MSRs September 14, 2020 Paul Muolo The MSRs are top heavy with California product at 44%...Read More
Incenter Unveils Private Investor MSR Auction August 27, 2020 Paul Muolo Roughly 68% of the collateral is located in California. The seller would like to strike a sale agreement by the end of September.Read More
Up for Grabs: Mortgage Vendors. A Bullish Sign? August 27, 2020 Paul Muolo Mining for gold in the hills of the mortgage vendor community? Hey, isn't that Bill Foley? Read More
Enamored with Non-QM Returns, Mortgage REIT Seeks Lenders to Invest In August 26, 2020 Brandon Ivey The bulk of the REIT’s involvement in the non-QM market so far has been through LendSure Mortgage, an originator it owns a stake in...Read More
Forbearance Reading Down Slightly but Signs of Trouble? August 24, 2020 Paul Muolo Black Knight said the Fannie/Freddie forbearance measurement fell by 15,000 units while the FHA count increased by 5,000. The private-label/portfolio tally rose by 10,000 loans. Read More
Short Takes: Don’t Faint: Freedom Actually Bought RoundPoint / Price? / The 12th Largest Servicer / Nielson Picked to Argue FHFA-SCOTUS Case August 18, 2020 Paul Muolo and Dennis Hollier Break out the smelling salts: Freedom Mortgage bought RoundPoint after all...Read More