Short Takes: Layoffs at loanDepot? / An Ugly Decline in the Share Price / New Forbearance Options from FHA / Freddie Projects Record Multifamily Originations July 26, 2021 Paul Muolo A conundrum: When's the right time to make job cuts?Read More
Biden EO Casts Doubt on Finserv M&A? Maybe, Maybe Not July 23, 2021 Paul Muolo Are mortgage banking firms monopolistic and should they fear the new Biden executive order? Not really. Still...Read More
MBS Trading Sags but a New Benchmark is Born July 23, 2021 Paul Muolo Just when you thought rates were in an upward trend, a reversal occurs...Read More
Short Takes: Awash in Borrowing Authority / A Buyer of MSRs? / Expressing a Desire to Grow / A New Nonagency MBS From Verus / Kraninger Lands / A Promotion at Freddie July 23, 2021 Paul Muolo Will Quicken actually buy MSRs? It certainty has the cash...Read More
The Ginnie EBO Game Continues Apace. A Strong GOS for Wells July 22, 2021 Paul Muolo Two essential ingredients to making a tidy profit on Ginnie EBOs include a low cost of funds and a large balance sheet. Wells Fargo has both.Read More
MBS Trading Sags but a New Benchmark is Born July 22, 2021 Paul Muolo MBS trading came under pressure last month. But that was before rates dropped. Coming soon: more volatility...Read More
Announcing its Desire to be #1, Mr. Cooper Hires Stone to Lead Mortgages July 22, 2021 Paul Muolo Stone's resume includes stays at Renovate America and Global Mortgage Capital, the latter an affiliate of Eli Global...Read More
Short Takes: Adjusting Rate Sheets for the AMF / Keeping It? / More Liquidity for loanDepot / Rating Agency No Shows / Mr. Cooper’s New MSR Chief July 22, 2021 Paul Muolo and Brandon Ivey As rates fall, loanDepot has moved to increase a large repo line...Read More
What Happened to the Anticipated MSR Sales Boom? July 22, 2021 Paul Muolo It’s early in the quarter but potential investors in MSRs are wondering when the auction action might start. So far, few large portfolios have been put on display. But that could change.Read More
A Healthy Mortgage Jobs Picture? Looks That Way July 22, 2021 Paul Muolo Mortgage hiring remains strong, even in the face of declining rates. However, the salary boom for rank-and-file staffers is a thing of the past.Read More