PiperJaffray: A Bank Purchase of Nationstar Might Make Sense October 31, 2017 Paul Muolo According to Inside Mortgage Finance, Nationstar is the nation’s fourth largest servicer based on June 30 figures.Read More
Short Takes: Keeping an Eye on GSE Hurricane Charges / The Tax Bite / In the End, Treasury Wins No Matter What / More Delinquency Data / A Promotion at Norcom Mortgage October 31, 2017 Paul Muolo and Carisa Chappell You might say that in the end, Treasury cannot lose when it comes to the GSEs...Read More
New Fannie Mae Survey: Humans, Not Robots Preferred October 30, 2017 Paul Muolo Also, lender websites don’t seem to sway consumer choices very much…Read More
NAHB Turns Against GOP Tax Overhaul After Homeownership Credit is Nixed October 30, 2017 Paul Muolo NAHB said by sharply reducing the number of taxpayers who would itemize, “what’s left is a tax bill that essentially eviscerates the mortgage interest deduction…”Read More
Short Takes: No Retained Portfolio for the GSEs? / A 33 Percent Chance for a Bill / Have a Mortgage Question? Ask a Real Estate Agent First / MIAC Selling Whole Loans / PrimeLending Picks SoCal Manager October 30, 2017 Paul Muolo No GSE-retained portfolios in Treasury's plan?Read More
Nationstar May Hit the Auction Block Soon October 30, 2017 Paul Muolo In February, SoftBank agreed to buy Fortress for roughly $3.3 billion in cash.Read More
An Earnings Decline for MSR-Hungry New Residential; Servicing Portfolio Drops as Well October 27, 2017 Paul Muolo During 3Q, New Residential agreed to buy $3 billion of “flow” servicing rights from an unnamed seller.Read More
What We’re Hearing: The Upper Hand on GSE Reform? / Jeb Hensarling, a Candidate for the FHFA Job? / Safe and Sound REITs / A Nice Return on Unsecured Consumer Loans / Dave Stevens Successor? / A Good Year for the Trade Group October 27, 2017 Paul Muolo But what about Watt? His term as director of the Federal Housing Finance Agency ends in early 2019...Read More
Servicing Brokers Show Concern on Fannie Mae Plan to Enter the MSR Marketplace October 26, 2017 Paul Muolo One dealmaker, requesting anonymity, added: “Why not just sell servicing on eBay? There are reasons the market for servicing is wired as it is.”Read More
The Mortgage M&A Market Heats Up: Ocwen Prepping for a Sale (of Sorts) October 26, 2017 Paul Muolo Ocwen very well could be sold through an “asset” sale, observers told Inside Mortgage Finance…Read More