A Great Time to Sell Servicing Rights: IMA, MIAC and Prestwick Launch Auctions February 21, 2018 Paul Muolo The MSR auction calendar is starting to look crowded…Read More
Houlihan Lokey’s Top Dealmaker Jeff Levine Sees a Coming Boom in Origination M&A February 20, 2018 Brandon Ivey Levine said there’s demand for retail operations… Read More
The WMIH-Nationstar Merger, a Feat of Financial Engineering February 16, 2018 Paul Muolo Once consummated, the merger will allow Nationstar to shelter its earnings for years to come…Read More
What We’re Hearing: Death, Taxes and the GSEs / Sweet Tax Cows / Not a Peep Out of Pershing Square and Fairholme / The Wrath of Jeb / MSR Market Heats Up / A Huge Profit for Annaly / Citizens Bank Gets a New Mortgage Chief February 16, 2018 Paul Muolo Suffice to say, Fannie and Freddie are two cash cows that only a crazy person would eliminate, unless that crazy person doesn’t like money…Read More
Shell Company Stuffed with NOLs Agrees to Buy Nation’s Third Largest Servicer in a Feat of Financial Engineering February 15, 2018 WMIH Corp., a shell company whose chief asset is tax losses, this week agreed to purchase Nationstar Mortgage for roughly $1.68 billion in cash and stock.Read More
Short Takes: Arch has Some ‘Fairly Well Developed’ Plans / Auditing the FHA MMIF / New Residential May Become a Player in Ginnie MSRs / Consumer Advocates Not Happy / Top VA Official Departs Agency for PenFed February 14, 2018 Brandon Ivey, Paul Muolo, and Thomas Ressler Look for New Residential to become a buyer of Ginnie Mae servicing packages...Read More
Nation’s Third Largest Servicer Nationstar Agrees to Merge with KKR-Backed WMIH February 13, 2018 Paul Muolo Nationstar’s stock is publicly traded, but is majority owned by Fortress Investment Group, which late last year was sold to SoftBank.Read More
Nation’s Third Largest Servicer Nationstar Agrees to Merge with KKR-Backed WMIH February 13, 2018 Paul Muolo Nationstar’s stock is publicly traded, but is majority owned by Fortress Investment Group, which late last year was sold to SoftBank.Read More
Mortgage Firms Looking to Sell Servicing Rights are Sitting Pretty February 13, 2018 Paul Muolo Dealmakers point to not only higher interest rates but lower anticipated loan production and MSR values that are firming up.Read More
Freedom Mortgage Buys $25 Billion of Servicing Rights from Stearns Lending February 8, 2018 Paul Muolo In the summer of 2015, The Blackstone Group bought a controlling interest in Stearns.Read More
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