Grapevine: The MSR Churn Rate; Layoffs Around the Corner? May 27, 2021 Paul Muolo Fannie Mae is feeling slightly more bullish on the origination picture for 2021. Also: Are lenders ready to chop heads?Read More
A Strategy: Buy a Mortgage Company and as Prices Rise, Sell the MSRs... May 27, 2021 Paul Muolo Additional chunks of the AHM portfolio are currently being marketed to prospective buyers.Read More
Short Takes: Quicken, By the Numbers / GR’s Aggressiveness Pays Off / An Investor Loan Deal from JPM / Commercial ARMs from RAMS / Fannie Names Single-Family Chief May 27, 2021 Paul Muolo The biggest retail gainer among the top five: Guaranteed Rate, a company that’s aggressive when it comes to recruiting retail loan officers.Read More
Short Takes: Fannie Halts Certain HLTV Purchases / A Down May and Job Cuts? / Counting the Numbers / The Big Will Prevail, Unless... / Time to Weed May 26, 2021 Paul Muolo One lender may move to cut 300 workers...Read More
Another Bulk Deal Hits the MSR Auction Circuit May 26, 2021 Paul Muolo MSR brokers are a busy bunch these days...Read More
Trading in Agency MBS Dips. A Canary in a Coal Mine? May 26, 2021 Paul Muolo On a sequential basis, trading fell 8.04% and was off fractionally from the same month a year ago. Read More
Ocwen Agrees to Buy More MSRs in a Red-Hot Servicing Market May 25, 2021 Paul Muolo Ocwen is buying MSRs at a time of rising interest in the asset class...Read More
Up for Grabs: Almost $52 Billion Worth of MSRs May 24, 2021 Paul Muolo We know of $52 billion worth of MSR deals out there. There's probably more...Read More
Short Takes: Making a Market in GSE Investor Loans / Concerns Over the CFPB’s Foreclosure Moratorium / Not Allowed? / The Forbearance Tally Rises May 24, 2021 Brandon Ivey and Paul Muolo A rare increase in the forbearance reading...Read More
Short Takes: Stepping Into the Mortgage Pond: Amerant / An Investment in GSE Debt / A Bank Merger with Mortgage Implications / Some Details on UWM’s MBS / Impac’s New CIO: Nwokorie May 21, 2021 Paul Muolo and Brandon Ivey The first non-agency mortgage-backed security issued by United Wholesale Mortgage will be stocked with conforming jumbos.Read More