Guaranteed Rate to Buy Stearns January 7, 2021 Paul Muolo The calendar has just turned and already we have a decent-sized M&A deal. Read More
Grapevine: A Rising 10-Year and a Shift in the Power Grid January 7, 2021 Paul Muolo Rates are rising and that means an end to the refi boom? Don’t bet on it.Read More
Ocwen Mediation with CFPB Ends; Servicer Hikes Legal Reserves January 7, 2021 Yemeng Yang and Paul Muolo Even though the mediation effort has ended, Ocwen is still bidding on servicing portfolios... Read More
Short Takes: Georgia? How About the 10-Year? / Raise Mortgage Rates or Let it Slide? / A Slim Margin, Very Thin / GSE Reform? / SBC Chairman Brown? / The Return of Jeb January 6, 2021 Paul Muolo A GSE reform bill? Are there any lying around ready to go?Read More
A Tough Year Ahead for Mortgage Compliance? January 6, 2021 Paul Muolo Industry watchers said implementing changes to the qualified-mortgage rule could be one of the biggest sticking points.Read More
Ginnie Forbearance Reading At Highest Level Since November January 5, 2021 Paul Muolo Late last week, Black Knight released its measurement: 2.83 million mortgages in COVID-related relief for the seven-day period ending Dec. 29. The FHA/VA (GNMA) reading increased by 11,000 units.Read More
Guaranteed Rate to Buy Stearns; Blackstone Will Get Part of GR January 5, 2021 Paul Muolo One twist: As part of the proposed transaction, Blackstone will take a stake in the Chicago-based GR. However, no specifics were provided. Read More
Short Takes: Some Information About Cenlar ... from AmeriHome / 99% / A Thrift Like No Other / The Risks that Lie Ahead January 5, 2021 Paul Muolo AmeriHome, according to our calculations, accounts for 12.7% of Cenlar’s business... Read More
PE Firm Ups Its Investment in SimpleNexus Mortgage Platform January 5, 2021 Paul Muolo The $108 million Series B capital raise follows a $20 million investment Insight had made earlier.Read More
The Ginnie Early Buyout Game Leans Heavily Toward FHA January 4, 2021 Paul Muolo In general, most of the delinquent loan buying has been done by the megabanks and top-ranked direct-FHA funders like Quicken Loans and PennyMac...Read More