VA-Based Nonbank Scuttles Merger with Congressional Bank March 20, 2019 Paul Muolo Congressional has seven branches and $949.7 million in assets. It earns roughly $16 million a year.Read More
Prestwick Offers Up Fannie Mae MSR Portfolio on Behalf of Michigan Bank March 19, 2019 Paul Muolo The servicing package has an average FICO score of 740 and delinquencies of 1.94%.Read More
Short Takes: Why the GSE Net Worth Sweep Won’t be Reversed / Recap and Release? / A Much-Watched Profit Reading / Starwood and Impac, a Symbiotic Relationship / Bank Failures, Anyone? / Reverse Lender Hires Sales Chief March 19, 2019 Paul Muolo and Brandon Ivey Each quarter, GSE profits reduce the federal budget deficit. If that cash is forfeited...Read More
Genworth Sale Continues to Drag On, Ninth Waiver Granted March 18, 2019 Paul Muolo The sale of Genworth was first announced in October, 2016…Read More
Phoenix Capital and MIAC Unveil New MSR Auctions March 13, 2019 Paul Muolo MIAC is also ready to take final bids on a $315.3 million Fannie/Freddie/Ginnie Mae MSR portfolio…Read More
MSR Auction Market Red Hot March 11, 2019 Paul Muolo Mark Garland, executive vice president at MountainView Financial Solutions, also sees a robust market developing this year…Read More
Short Takes: Freddie Mac Invests $61M in Affordable Housing / AMC Acquires a Title Search Firm / Stevens Joins Tech Company / CFPB Kicks Off PACE Financing Rulemaking March 5, 2019 Yemeng Yang Freddie Mac on Monday initiated three investments in affordable housing managed by National Equity Fund ...Read More
Short Takes: Pondering the Letter Sent to Joseph Otting / Among the Signors… / More MSR Auctions in the Works / MetLife Has a Nice War Chest of Whole Loans / A New Hire at Gateway Mortgage March 4, 2019 Paul Muolo, Brandon Ivey, and George Brooks More servicing-related auctions are in the pipeline, including a $2.97 billion Fannie Mae/Freddie Mac portfolio from Phoenix Capital...Read More
What We’re Hearing: Throwing Down the Gauntlet on Fannie-Freddie Changes / 27 Trades Sign On / Not One Voice of Concern? / Freddie’s MSR Pilot? / Fixing the Broken Companies / Eli Global and Greg Lindberg Back in the News / Busy Being Named a Director March 1, 2019 Paul Muolo Is the Senate Banking Committee ever going to hold a hearing on GSE pilot programs? Read More
Ellie Mae Proxy Reveals Kill Fees and a Big Golden Parachute for CEO February 28, 2019 Paul Muolo Ellie Mae executives entitled to “golden parachute” payments include Jonathan Corr, Dan Madden, Cathleen Schreiner Gates and others…Read More
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