Subservicing Growth Faces Headwinds August 29, 2022 Paul Muolo At June 30, subservicing vendors handled the monthly processing chores on 31.5% of all residential mortgages...Read More
Short Takes: More Bitter Tea Leaves for Home Values / About That 2023 Rate-Cut Scenario… / Student Debt Relief and Home Buying / ICE: Not Done Buying? August 29, 2022 Paul Muolo A mixed stew: The Fed, rates and home prices...Read More
While Servicing Sales Boom, Portfolio Transfer Times Slip August 26, 2022 Paul Muolo It seems as though the review pipeline is getting backed up because deal volume has been so heavy...Read More
Short Takes: Another Exit from Wholesale / Price Wars / Offshore to Onshore? / Lower Funding Needs for loanDepot / Former CFPB Deputy Joins Customers Bank August 26, 2022 Paul Muolo and Andras Malatinszky loanDepot, the nation's seventh largest home lender, is reducing its funding facilities...Read More
Measuring Nonbank Health Via Stock and Debt August 26, 2022 Paul Muolo Institutional investors have driven down the debt prices for several publicly traded nonbanks this year. But some are better off than others.Read More
Signs of Improvement in Bids for Non-QMs August 25, 2022 Paul Muolo Finally, an improvement on non-QM whole-loan bids. But it’s all about the note rate if you want to earn any money on the deal.Read More
Grapevine: Student Loan Forgiveness and ABS; Stock sales by REITs August 25, 2022 Brandon Ivey and Paul Muolo Prepayments on student loan ABS could spike amid debt forgiveness; Annaly sells stock; the Erbey-Altisource-PIMCO connection; commercial MBS at risk with potential bankruptcy of Regal Cinemas owner.Read More
While loanDepot Executives Sell Shares, Founder Hsieh Buys August 25, 2022 Paul Muolo Back in April, Hsieh ceded every day management of the company to new hire Frank Martell...Read More
MBS Trading Continues to Slope Downward August 25, 2022 Paul Muolo The outlook for the remainder of the year? Not so hot.Read More
Short Takes: A Canary in the Cash-Offer Coal Mine? / Blend Prez Selling Shares / The Mortgage ‘Hunger’ Games? / Erbey’s Stake in Non-QM Lender / 11.86% Paper August 25, 2022 Paul Muolo Reali opened its doors in 2016...Read More