A Few Silver Linings in the Origination Downturn: Improved GOS, More MSR Sales September 12, 2018 Paul Muolo Wedbush estimates that originations will fall by 8.0 percent this year…Read More
Short Takes: Wells Fargo’s (Mortgage) Job Cuts / Annaly Poised to Buy More MSRs? / FHFA Seeks Comment / Eight Consecutive Quarters of Feeling Bad About Profit Margins / PenFed Hires a TV Journalist September 12, 2018 Paul Muolo Annaly may use the proceeds to fund additional acquisitions of mortgage servicing rights… Read More
Blackstone Takes a Hard Look at Some of Incenter’s Mortgage-Related Operations September 11, 2018 Paul Muolo As one source put it: “Blackstone wants you to make it big or you’re gone.”Read More
MIAC Offering Fannie/Freddie MSR Package September 11, 2018 Paul Muolo The selling institution is described as a mortgage banking firm with a west coast concentration...Read More
Short Takes: What Will Become of the GSEs’ CSP? / How Much Is it Worth? / Capital One Warehouse Joins MBA / Two Utah Nonbanks Celebrate Anniversaries / PRMI Hires Former Wells Fargo LO September 11, 2018 Paul Muolo The nonprofit exchange must pay for any “property” associated with CSS…Read More
Incenter, MorVest Selling Bulk Servicing Portfolios September 10, 2018 Paul Muolo Both these MSR portfolios have low note rates…Read More
Mortgage Bankers Add Jobs, Brokers Trim Slightly September 10, 2018 Paul Muolo Jerry Selitto, president of Better Mortgage: “We continue to hire and we just opened our second California office in Irvine…”Read More
Short Takes: Time for Executives to Consider Their Options? / Tight Profit Margins Can Lead to ‘Internal Strife’ / AO Seeks Account Executives / Analyzing the Prospects for Filling the Fannie CEO Job / Milken Institute Hires SEC Commissioner September 10, 2018 Paul Muolo "As a result, at this time I’m receiving a larger volume of calls from execs seeking to explore outside opportunities.” - Rick GlassRead More
Stearns Launches ‘Partnership’ Program, Hopes to Buy Stakes in Many Lenders September 10, 2018 Paul Muolo Schneider told IMFnews the Blackstone-owned lender/servicer is presently working on other deals...Read More
10 Years After GSE Takeover, Mortgage Execs Weigh In: Leave Fannie and Freddie Alone September 7, 2018 Paul Muolo Industry consultant Tim Rood said the first rule for GSE reform should be: “Do no harm.”Read More