Wells Becomes a Little Less Consumer Centric with Latest Moves July 8, 2021 Paul Muolo Have a personal line of credit with Wells Fargo? Cherish it while you can. The bank is yanking the product by summer’s end.Read More
Home Point’s Shares Test 52-Week Low, Nonbank Targeted by Law Firm July 1, 2021 Paul Muolo Hell hath no fury like a shareholder who's sitting in a pool of red ink. Then again, the mortgage industry has seen these type of lawsuits before...Read More
Short Takes: Second Quarter, Goodbye / Banks & Mortgages? / MSR Deals in Motion from MIAC and Prestwick / MorVest Too / REIT Parts Ways with CIO July 1, 2021 Paul Muolo MSR sales aplenty? It's starting to look that way...Read More
Mortgage Applications Get Nicked. How Soft Might It Get? June 30, 2021 Paul Muolo As MBA Chief Economist Mike Fratantoni pointed out: new business fell to the lowest level in almost 18 months.Read More
Wells Fargo Tosses Personal Credit Lines Overboard June 29, 2021 Paul Muolo When it comes to lending products, the 'Stagecoach" is lightening its load...Read More
Short Takes: GSE IPO Advisors, Are They Needed Anymore? / The Work Thus Far? / More Credit for loanDepot / An Accounting Change from NCUA / A New NA MBS from CS June 29, 2021 Paul Muolo and Brandon Ivey If the GSE "re-IPO" concept is dead, are advisory firms needed?Read More
Mortgage M&A Remains Hot. Caveat: Sellers Remain Picky June 28, 2021 Paul Muolo The mortgage M&A market is pockmarked with indecisive sellers...Read More
Short Takes: CFPB Unveils New Servicing Mandates / Headed South: GSE Shares / Will the FHFA Take on G-Fees? / Ocwen Joins the Russells / More MSR Auctions June 28, 2021 Paul Muolo A change in g-fees may be afoot...Read More
Decimated: GSE Shareholders (Except Treasury) June 25, 2021 Paul Muolo The common and “junior” preferred investors were (more or less) given up for dead in late 2008...Read More
A Stock ‘Trade’ That is Over: Fannie and Freddie June 25, 2021 Paul Muolo Investors in Fannie/Freddie common (and preferreds) were licking their wounds this week after the Supreme Court essentially ruled against them. Moral of the story: Stock speculation is not for the weak of heart.Read More