A Sign of the Times: Executive Pay Adjusted Downward at Guild March 29, 2022 Paul Muolo In 2021, the San Diego-based lender/servicer earned $283.8 million, off 23.5% from the year prior.Read More
Short Takes: The Industry’s Retirement Wave? / MIAC Offers MSRs / SFR Giant Sells Debt / HUD’s Personnel Woes / A New CFO for Vegas NB March 29, 2022 Paul Muolo and Monica Hogan HUD said it lost 20% of its workforce between 2012 and 2019 and fears the brain drain will threaten the agency’s cybersecurity capabilities.Read More
Short Takes: The ‘Buy-Down’ Dilemma / More MSR Sales on the Way / Structured Finance Transactions? / The HUD Budget and FHA Premiums / Layoffs at PennyMac March 28, 2022 Paul Muolo More MSR sales are on the way, a lot more...Read More
As Secondary Market Volume Drags, Maxex Trims Staff March 25, 2022 Paul Muolo CEO Tom Pearce noted the cutbacks were a difficult choice...Read More
Phoenix Capital, Prestwick Announce Bulk MSR Auctions March 25, 2022 Paul Muolo With rates climbing, MSR sellers are at a distinct advantage, one that could last for some time...Read More
Short Takes: Topic A: The Rate Rise / A Recession in 2023? / Refi Candidates? / Taking Advantage of Non-QM Lenders / Mr. Cooper’s Top Lawyer Departs March 25, 2022 Paul Muolo New figures from Freddie Mac suggest the “high-quality” refinance candidate population now totals just 2 million applicants.Read More
Strong Demand for Servicing Rights as Interest Rates Rise March 25, 2022 Paul Muolo Are mortgage servicing rights still a safe bet to buy? Looks that way, especially if mortgage rates keep heading north.Read More
As Secondary Market Volume Drags, Maxex Reduces Staff March 24, 2022 Paul Muolo When originations fall, loan trading platforms suffer as well. Maxex, one of the more high-profile traders, recently instituted cuts.Read More
Nonbank Ponders Conduit to Take Advantage of LLPA Changes March 24, 2022 Paul Muolo Come April, LLPAs on Fannie/Freddie second-home mortgages and high-balance loans move higher. Good time for a nonbank to start a conduit?Read More
A Trying Time for Originators as Rates Continue to Rise March 24, 2022 Paul Muolo The California-based American Pacific Mortgage is looking for origination platforms east of the Mississippi, but not necessarily near the coasts...Read More