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
Short Takes: A Mega Servicing Deal Approaching? / ‘Goldilocks’ Pricing / The Ditech Portfolio? / Fannie & Freddie Common Take a Rest / FHFA’s Final UMBS Rule / Bell Bank Opens AZ Branch, Mortgages on the Menu February 28, 2019 Paul Muolo The share price of Fannie Mae and Freddie Mac common has been on a mild downward slope since Feb. 22. Meaning?Read More
A Small 4Q18 Loss for Ocwen Amid MSR Buys, a Compensation Reduction for CEO Messina and a New CFO February 27, 2019 Paul Muolo Ocwen is cutting cash retainer payments to its board of directors...Read More
Angel Oak Rolls Out Fix & Flip Wholesale Option, Hires JPM Exec February 26, 2019 Paul Muolo To lead the effort, Angel Oak hired JPMorgan executive Will Jackson…Read More
TIAA Throws Traditional Retail Overboard, USB Will Get Some of the 65 Branches February 21, 2019 Paul Muolo TIAA CEO Blake Wilson: “Mortgage lending is a dynamic and highly competitive industry and the market we’re in today is very different than just a few years ago..."Read More
Short Takes: BSI Looking to Buy MSR Portfolios / Goldstone Running the Program / A Red Hot Servicing Market / A Strong Quarter for Texas Capital / Slip, Sliding Away: Fannie’s and Freddie’s Subprime Assets February 21, 2019 Paul Muolo and Brandon Ivey A red hot servicing market is keeping deal makers happy...Read More
IMA Offers Up an $11.9 Billion Fannie/Ginnie MSR Package February 20, 2019 Paul Muolo Roughly 21% of the receivables are in California…Read More
M&A Blues: Why Good Companies Aren’t Selling February 19, 2019 Paul Muolo Rumors continue to abound that internet retailing giant Amazon wants in…Read More
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