Mergers & Acquisitions

For Sale: Fannie Mae Bulk MSR Portfolio, Average LTV: 59 Percent

September 18, 2018

Paul Muolo

Kentucky product dominates the portfolio at 98.9 percent. Ohio is a distant second…

Short Takes: MBA’s Stevens Looks Back at the GSEs (Pre-Crisis) / A No-Bid Because of FM Watch Ties / What’s FM Watch? / Sharp Elbows? / TMS Buys Two MSR Packages, Is Hungry for More / PenFed Hires USAA Exec to Run Mortgages

September 17, 2018

Paul Muolo

It may be hard to fathom, but Fannie and Freddie once played with very sharp elbows…

MBS Issuer SG Capital Launches Wholesale Mortgage Originator to Feed a Growing Aggregation Business

September 14, 2018

SG Capital Partners, a boutique investment banking firm chock full of former Goldman Sachs executives, has launched a new wholesale lender to originate non-qualified mortgages, most of which will wind up in MBS deals.

What We’re Hearing: Freddie Charter Creep? No, Just a Supplemental Service / Caliber Thinking About Going Public? / The Role Das Played in First Data’s Successful IPO / Dimon v. Trump – Bring it On! / Dimon, a Nervous Mess? / New Penn Rolls Out Piggyback

September 14, 2018

Paul Muolo

JPMorgan is the parent company of the nation’s second largest residential lender, Chase. Trump last decade started a small mortgage brokerage operation in Long Island and then killed it...