MSR Auctions Begin A Revival? IMA Unveils a $6 Billion Offering July 27, 2020 Paul Muolo The seller is described as a “well-capitalized, independent mortgage banking entity managed by industry veterans.” Read More
Large FHA Lender Loses Legal Battle in M&A Case July 24, 2020 Paul Muolo FHA/VA lending giant Freedom Mortgage lost a court battle over an aborted M&A deal with RoundPoint Mortgage. Is a settlement in the works?Read More
Former Ginnie Chief Tozer Continues to Worry About Liquidity July 24, 2020 Paul Muolo Ted Tozer, the former Ginnie president, wants to head off a potential liquidity crisis before it happens. Is anyone listening?Read More
Short Takes: About Those Million-Dollar Earners / Hear It and Then Cut It in Half / Rates? / BKFS on Forbearance / CHLA Addresses GSE Capital / A Promotion at Waterstone Mortgage July 24, 2020 Paul Muolo and Dennis Hollier Higher mortgage rates in six months? No one sees it...Read More
Origination Boom Creating ‘Millionaire’ Loan Officers? Yes, Some July 24, 2020 Paul Muolo One mortgage CEO suggested LOs might spend their hard earned money on a new Tesla or maybe a beach house... Read More
Should the Fed Create a Liquidity Facility for MBS? July 23, 2020 Paul Muolo Former Ginnie President and current PennyMac Director Ted Tozer thinks so.Read More
LendingTree Sells Five-Year Paper on the Cheap July 23, 2020 Paul Muolo With rates at rock bottom, LendingTree is selling $500 million worth of short-term corporate paper. Not bad for a loan broker.Read More
Grapevine: Originations and Securitizations; Non-QM Potential? July 23, 2020 Paul Muolo Look for originations and securitizations to thrive the rest of the year. As for 2021, the non-QM market could be strong.Read More
Short Takes: An Origination Milestone (Born in the Pandemic) / Big Gains for Names You May Not Know / Freedom to Hire 3,000 / A Strong Showing For CoreLogic / Thrive’s New Hire July 23, 2020 Paul Muolo Just how good are market conditions right now? Freedom Mortgage, Marlton, NJ, disclosed late Wednesday it plans to hire 3,000 additional workers over the next six months...Read More
Production Boom Creating ‘Millionaire’ LOs? Yes, Some July 23, 2020 Paul Muolo Just how good are loan volumes these days? Answer: there’s plenty of talk about LOs earning $1 million this year and buying Teslas. Read More