Short Takes: Bullish on Originations / One Remaining Nonbank Mortgage IPO / Some Background on Better.com / Another MSR Auction / Rookie Senator Introduces DP Bill October 1, 2021 Paul Muolo and Monica Hogan There's one more mortgage IPO remaining...Read More
A Back Door Into the Ginnie EBO Market (MSRs) September 30, 2021 Paul Muolo Auctions of early buyouts from Ginnie MBS continues apace. One way to enter the market: Buy the mortgage servicing rights instead.Read More
As the Calendar Turns, Servicing Values Head North September 30, 2021 Paul Muolo Looking to lop off some of your MSRs? You're in luck...Read More
Short Takes: Nonprime M&A? / Jumping Into the Non-QM Pool / A Chinese Developer Teeters / Houlihan Lokey Heads East / CoreVest’s Unique Securitization September 30, 2021 Paul Muolo and Brandon Ivey Can financial services/mortgage advisor Houlihan Lokey work its magic in China?Read More
A Moral Dilemma? Mortgage Bankers and PPP Money September 30, 2021 Paul Muolo Remember the government’s Paycheck Protection Program? Mortgage bankers took some of the money and then posted record earnings.Read More
Lawsuit Against loanDepot May Have Third Parties Worried September 30, 2021 Paul Muolo In regard to underwriting shortcuts, loanDepot said it did nothing wrong, but the nation’s sixth-largest home lender’s counterparties may need some reassurances. One observer called a lawsuit filed against the company a legal “nightmare.”Read More
loanDepot Secures a New LOC with Canadian Bank September 29, 2021 Paul Muolo On the loanDepot facility, Bank of Montreal is acting through its Chicago branch...Read More
Another $6 Billion Worth of MSRs Hit the Market September 29, 2021 Paul Muolo Prestwick is selling a $2.0 billion portfolio of Fannie/Freddie and Ginnie Mae-backed servicing rights.Read More
Short Takes: Time to Sell Certain Assets? / Citi’s New MBS / A Severance Clause for Certain PFSI Execs / The Buyer of $15B of MSRs? / A Note About CRA September 29, 2021 Paul Muolo and Brandon Ivey What would happen if nonbanks had CRA mandates?Read More
$6B of Ginnie MSRs Up for Grabs, An EBO Angle As Well September 28, 2021 Paul Muolo Loan-level data is available to bidders who sign a non-disclosure agreement...Read More