PIMCO and Mortgages: Is it All Over? July 1, 2022 Paul Muolo FGMC's list of creditors reads like a Who’s Who of Wall Street finance: Daiwa Capital, Deutsche Bank, Jefferies Capital and Morgan Stanley, to name a few...Read More
Short Takes: Feeling Safe from FGMC / IPOs? No / loanDepot Insiders Keep Selling / A Large MSR Offering From MIAC / An MBS With Sprout Loans / A Day Off July 1, 2022 Paul Muolo The deluge in MSR auctions continues apace...Read More
FGMC Finally Addresses Layoffs, Says It’s Still Funding Loans June 29, 2022 Paul Muolo PIMCO bought into First Guaranty almost seven years ago...Read More
PIMCO Gets Picky on Non-QM Yields June 28, 2022 Paul Muolo PIMCO — which last week slashed the workforce of its mortgage company FGMC to the core — declined to comment...Read More
Deephaven Readies a New Nonprime MBS…With Seasoned Collateral June 28, 2022 Paul Muolo The servicer of record is Shellpoint...Read More
A Good Year for Short-Term Mortgages as Volume Spikes June 27, 2022 Kiavi, formerly known as LendingHome, remained the top short-term lender, with $2.73 billion. Goldman Sachs ranked third...Read More
Major Cutbacks at PIMCO-Owned FGMC June 27, 2022 Paul Muolo Up until recently, PIMCO was an active buyer of non-QM loans...Read More
Short Takes: A Mortgage RIF at JPM? / WARN What? / Bidding on MSRs / A New Jumbo Deal / Greystone Hires FRB Banker as New CEO June 27, 2022 Paul Muolo JPM is working on a new jumbo MBS deal with loans supplied by UWM...Read More
Sources: PIMCO Pulls Support for Non-QM Lender FGMC June 24, 2022 Paul Muolo Launched 30 years ago, FGMC is licensed in 49 states and the District of Columbia.Read More
A Nice Gain for Second-Lien Lending, but Outstandings Shrink June 24, 2022 Paul Muolo Wells Fargo once again ranked first in this specialty niche...Read More
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