Freedom CEO Sees Massive Consolidation Coming August 27, 2024 Paul Muolo A year ago Freedom ranked 22nd among home lenders. Today it ranks fourth.Read More
For Sale: $1B-Plus of GSE MSRs August 27, 2024 Paul Muolo The servicing sales market has slowed noticeably the past few months.Read More
Short Takes: Lower Rates? / Just Thinking About It / PIMCO, Bravo and Acra / Starter Home Sales / Armenta Departs Computershare for Incenter August 27, 2024 Paul Muolo Meanwhile, Acra is working on its first non-QM MBS deal, which is slated for issuance in September.Read More
MBA's Revenue Nicked, But Assets Increase August 26, 2024 Paul Muolo The IRS filing shows that the trade group had more than 2,225 members at the end of September 2023 compared to 2,275 a year earlier.Read More
As Summer Ends, Rocket Introduces a Buydown Program August 26, 2024 Paul Muolo Rocket is offering the program through its retail and wholesale outlets.Read More
Short Takes: An IPO Anniversary / Returning to Better Times? / The Caitlin Effect / Student Housing Needed / Squarely in Michigan August 26, 2024 Paul Muolo Two members of the IPO “Class of 2020-2021” are once again trading above their initial offering price...Read More
SPS Suitor Sixth Street — Who Are These Guys? August 22, 2024 Paul Muolo and Brandon Ivey What might a new owner of MBS/specialty servicer SPS do with the company? That’s hard to say, but it would appear growth is on the agenda.Read More
MBA’s FY23 Revenue Gets Nicked, Assets Increase August 22, 2024 Paul Muolo Although many mortgage banking companies lost money last year, the Mortgage Bankers Association remained in the black.Read More
CMG’s George on Bank Buy: A Glutton for Punishment? August 22, 2024 Paul Muolo So, you’re a nonbank and you want to purchase a federally insured depository? Have your CEO do it. And be patient.Read More
All Systems Go on Acra’s First MBS Deal August 21, 2024 Paul Muolo To this point, Acra has contributed to MBS from others and sold off its non-QM production as whole loans.Read More