Another Large FHA/VA Lender Reveals IPO January 15, 2021 Paul Muolo Michigan-based lender Home Point is joining the stampede into public ownership.Read More
Is Wall Street Running Out of (Nonbank) Mortgage IPO Candidates? January 15, 2021 Paul Muolo What about Movement Mortgage as an IPO candidate? Read More
4Q Results Begin: Wells Slides in Mortgages, JPM Gains… January 15, 2021 Paul Muolo Wells Fargo: “Home lending revenue [was] down 21% from 3Q20 on lower servicing income and MSR valuation adjustments reflecting higher prepayment.”Read More
With JPM LOC, Figure’s Credit War Chest Swells to $1.5B January 14, 2021 Brandon Ivey and Paul Muolo When Wall Street lines up to lend you money, that’s a good thing. Figure has a new LOC from JPM and is planning its first MBS deal. Read More
Short Takes: Strong 4Q Results for CA Jumbo Lender / Tennessee Mortgage M&A / Fast Growth / Non-Agency MBS from Goldman and Verus / Waiting on PSPA News? January 14, 2021 Paul Muolo and Brandon Ivey However, when it comes to mortgage gain-on-sale metrics, the news was less positive: 158 basis points in 4Q20 vs. 493 bps in 3Q20...Read More
Is Wall Street Running Out of Mortgage IPO Candidates? January 14, 2021 Paul Muolo Every nonbank mortgage company and its brother is going public these days. Right? Well, not everybody.Read More
Not Bad: $38 Billion of MSRs Offered Over the Past Few Weeks January 14, 2021 Paul Muolo The long-awaited recovery in MSR sales may finally be here. It appears Ocwen and Freedom were the winning bidders on a $25 billion Quicken portfolio.Read More
Grapevine: Margin Compression? A Spike in New Business January 14, 2021 Paul Muolo and Dennis Hollier Primary/secondary spreads are thinning. Meaning? Also, former Fannie executive Andrew Bon Salle lands at Home Point right before its IPO.Read More
Margin Compression Fears Accelerate, but Applications Rise… January 13, 2021 Paul Muolo Margin compression could come at an inopportune time for nonbanks seeking to go public...Read More
Short Takes: An MSR Revival Underway? / Incenter Offers GSE Package / The 10-Year Keeps Rising / A Fair Question: The Future of the Trump Real Estate Empire January 12, 2021 Paul Muolo The spread between primary and secondary mortgages rates is tightening and when that happens...Read More