Short Takes: The Challenge Ahead / Fitch: The MSR Gravy Train May End / FoA, What’s Left? / A Blackstone Company / More Cuts at AO October 12, 2022 Paul Muolo Finance of America went public at $10.00 a share in the spring of 2021, courtesy of its owner, the Blackstone Group...Read More
Market Chatter: Might loanDepot be a Takeover Target? October 11, 2022 Paul Muolo Where does loanDepot go from here?Read More
GSE MSR Portfolio Just Shy of $1B Hits the Market October 11, 2022 Paul Muolo The portfolio has a delinquency rate of 0.93%...Read More
Short Takes: Still on the Market: Mortgage CEO’s $26.5M Condo / A Slight Uptick in Refis / Seed Money for Investor-Lender / Invitation’s Hurricane Damage? / Escrow Interest Case October 11, 2022 Paul Muolo and Sam Manas VC money is still available for some lenders...Read More
The Mystery Surrounding Rushmore’s MSR Contracts October 10, 2022 Paul Muolo Rushmore’s contract base is nothing to sneeze at...Read More
Home Point Continues to Shed Assets October 10, 2022 Paul Muolo The sale gets the Michigan-based wholesaler out of the reverse mortgage game...Read More
Short Takes: About That Housing Bubble / Which States? / Reserve Accounts? / Stop Moping and Start Selling / Cornerstone Completes Acquisition October 10, 2022 Paul Muolo Too much demand and not enough supply meant no housing bubble. Both those days are in the rearview...Read More
Is loanDepot a Takeover Target? Stock Down to $1.30 October 7, 2022 Paul Muolo Rumor has it that Frank Martell was brought on as CEO of loanDepot to cut it down to size and sell it. Can he? Will he? Stay tuned.Read More
One More Squeezing of the MSR Grapes? Looks That Way October 7, 2022 Paul Muolo Some market watchers worry about how liberal the 3Q22 MSR "marks" might be...Read More
loanDepot’s Capital Markets Chief Continues to Sell Shares October 7, 2022 Paul Muolo Like most home lenders, loanDepot is in the throes of right-sizing its operations...Read More