Down Now, Servicing Rights Could Turn to Gold Later May 29, 2020 Paul Muolo Why sell now when you can make a ton of money later? Read More
Freedom’s Purchase of RoundPoint Appears to be Dead. However... May 14, 2020 Paul Muolo Combined, the two companies would have $310.5 billion of MSRs, ranking 10th overall, according to Inside Mortgage Finance. Read More
Short Takes: RoundPoint Suing Freedom / Details Sketchy / A Tough Quarter for Redwood and Ocwen / Lakeview a Top Gainer May 11, 2020 Paul Muolo and Brandon Ivey Freedom agreed to buy RoundPoint a year ago but the deal still hasn't closed...Read More
Signs of Life in MSR Sales? Sort Of… May 11, 2020 Paul Muolo To clarify: No one is betting on a V-shaped recovery in either the U.S. economy or servicing sales in particular. Read More
Impac, Still Hanging On, Agrees to Sell Most of its MSRs to PNC Bank May 7, 2020 Paul Muolo The MSR sale should close by the end of May...Read More
Single-Family Rental M&A Called Off Due to Coronavirus Complications May 4, 2020 Brandon Ivey Amhert's planned acquisition of Front Yard was announced weeks before the financial impact of the coronavirus was apparent.Read More
Bulk MSR Transfers Actually Increased in 1Q20 – Thanks to Mop-Up Work on the Ditech Deal April 28, 2020 John Bancroft The top sellers of bulk MSRs in 1Q20: Ditech, Chase, Caliber and UWM...Read More
Mortgage Servicing Sales Grind to a Halt (Coronavirus) March 27, 2020 Paul Muolo “I haven’t been doing any deals, but I’ve been on the phone with clients a lot,” said one veteran servicing broker. “You might say they’ve been hyperventilating.” Read More
A-Paper Mortgage M&A: Slow, Slow and Slowing March 10, 2020 Paul Muolo Chuck Klein of Mortgage Banking Solutions: “I don’t see much interest in selling. Buyers aren’t willing to pay a premium.” Read More
DoubleLine Invests in New Non-QM Lender OptionWide Financial March 3, 2020 Brandon Ivey DoubleLine Capital is now a “strategic investment partner and minority shareholder” in OptionWide Financial, a lender that focuses on non-QMs. Read More