Applause (and Questions) Over Quicken’s 2Q20 Profit July 23, 2020 Brandon Ivey and Paul Muolo It’s one for the record books: A $3.55 billion second-quarter profit for Quicken parent Rocket Companies. But how did they do it? Read More
Court Rules in Favor of RoundPoint, Allows M&A Lawsuit Against Freedom to Proceed July 23, 2020 Paul Muolo Freedom's proposed acquisition of RoundPoint Mortgage has turned into a legal mess...Read More
Short Takes: Do I Feel Lucky Today? (Fannie Mae’s Stock) / Linked: Quicken, the GSEs and Ginnie / Chimera’s New MBS / Existing Home Sales Spike July 22, 2020 Dennis Hollier, Paul Muolo, and Brandon Ivey Is Fannie Mae's common a good investment? It all depends...Read More
Another Quarterly Loss for New Residential, Originations Suffer July 22, 2020 Paul Muolo NRIC’s mortgage banking affiliate, NewRez, funded $8.3 billion of residential loans in 2Q20, a sequential decline of 27.2%...Read More
Short Takes: A Revolving Door at Wells Fargo / Wells and the MBA / JPM’s Risk-Sharing Deal / LendingTree Expects a Loss / A New Hire for GRA July 21, 2020 Paul Muolo LendingTree said revenue could top $186 million in 2Q20 compared to an earlier estimate of $175 million...Read More
On the IPO Circuit, Next Up: Caliber? July 21, 2020 Paul Muolo Will Quicken's IPO be a one-and-done? Opinions differ... Read More
Short Takes: The Fannie-Freddie LLR Question / FHFA Freezes GSE Housing Goals, Citing Pandemic / Strong Originations for Truist / Number 13 July 20, 2020 Paul Muolo and Dennis Hollier A stellar quarter for Fannie and Freddie? But what about loan loss reserves? Read More
CoreLogic Tells Takeover Bidder No (For Now) July 20, 2020 Paul Muolo Cannae’s chairman is William Foley, who also continues to serve as non-executive chairman of title insurance giant Fidelity National Financial and executive chairman of Black Knight Financial…Read More
MBS Trading Volumes Slip as Rates Keep Falling July 20, 2020 Paul Muolo But all that’s out the window. Each week, rates are testing new lows... Read More
Short Takes: Number 12 Already? / Signs of Life in Bulk MSR Auctions / JPM’s New Non-Agency MBS / Trying to Save Money? / MBA and NAR Weigh In On Disparate Impact Rule July 17, 2020 Paul Muolo, Maria Volkova, and Brandon Ivey Marking the 12th anniversary of Uncle Sam's seizure of the GSEs...Read More