A Trend or a Blip: Banks Exiting Mortgages February 11, 2025 Paul Muolo Some have suggested that WaFd may be for sale and closed its mortgage unit in an effort to simplify its balance sheet.Read More
Rithm Plans $200 Million Offering for an Acquisition February 4, 2025 Brandon Ivey Michael Nierenberg is chairman and CEO of both Rithm Capital and Rithm Acquisition.Read More
Low Price Likely for A&D’s Acquisition of Flagstar’s TPO Unit January 28, 2025 Paul Muolo “It was an ‘AcquiHire’ type scenario,” said Rick Roque, an industry consultant who also holds the title of head of growth at NFM Lending.Read More
Short Takes: Chopra Still Leading CFPB / Foreclosure Starts Spike / Newfi Invests in Business-Purpose Lender / Jumbo MBS From Citi / Expanded-Credit MBS Holding Up January 23, 2025 Brandon Ivey Trump is widely expected to replace Rohit Chopra at the CFPB, but that hasn't happened yet.Read More
Agency MSR Transfers Decline Slightly in 2024 January 22, 2025 John Bancroft Mr. Cooper Group ended the year as the top bulk buyer with $175.93 billion in acquisitions.Read More
Short Takes: TD Bank Considers Sale of Jumbos / Bessent’s Nomination for Treasury Moves Forward / Pulte an Unknown / Interest Rate Hurdle January 22, 2025 Brandon Ivey and James Dohnert TD held $42.98 billion of first-lien mortgages in portfolio as of the end of September.Read More
Short Takes: GSE Bi-Merge Transition Delayed / FHA Updates Loss-Mitigation Waterfall / Updated Damage Estimates for CA Wildfires / A&D to Acquire Flagstar’s Wholesale Business via Mr. Cooper January 17, 2025 Brandon Ivey The GSEs didn't provide a revised timeline for implementing bi-merge credit score policies.Read More
Short Takes: Home Prices on the Rise / Mom-and-Pop Landlords Lead Way for Housing Market / Amynta Group Acquires Mortgage Insurance Underwriter December 26, 2024 James Dohnert Redfin said home prices have risen for three straight months.Read More
Acra's New Parent: BlackRock (But for How Long?) December 4, 2024 Paul Muolo HPS, by no means a piker, has $116 billion of assets in its investment portfolio, with Acra’s holdings just a fraction.Read More
Onity Pays Off Some Corporate Debt Following MSR-Related Sale December 4, 2024 Brandon Ivey Onity received $49.5 million for the sale.Read More
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