Tennessee Investor Pares Holdings in Walter Investment Management February 15, 2017 Paul Muolo Walter Investment/Ditech has yet to establish a date for the release of its fourth quarter results… Read More
SoftBank of Japan Agrees to Buy Fortress, Largest Investor in Nationstar Mortgage February 15, 2017 Paul Muolo It’s unclear at this point what the takeover might mean, if anything, for Nationstar, whose own share price has rallied the past few months.Read More
Short Takes: Branch Manager Departures at loanDepot / Nationstar a Candidate for PHH MSRs? / Delinquencies Spike in Some Categories / Still in Love with Ocwen: Bill Erbey / Coming Soon: Warehouse Ranking February 15, 2017 Paul Muolo Bill Erbey, who was forced out by financial regulators two-plus years ago, controls 16.8 percent of Ocwen Financial...Read More
A Large 4Q16 Loss for PHH; More Asset Sales... February 15, 2017 Paul Muolo Among the key announcements: the company is selling its PHH Home Loans joint venture to Guaranteed Rate; unloading its private label operations to LenderLive Network, and monetizing “certain” servicing assets.Read More
Blackstone Invests in B2R Finance, Then Buys Fix & Flip Lender Jordan Finance February 14, 2017 Paul Muolo Mark Filler, who founded Jordan and served as its CEO, was named president of Finance of America Commercial.Read More
As Rates Rise, MBS Liquidity Improves. The Wild Card: the Fed’s Plan to ‘Lighten’ Its Balance Sheet February 14, 2017 Paul Muolo Agency MBS trading volumes peaked back in 2008 – the height of the financial crisis – at $344.9 billion daily.Read More
Short Takes: Strong Earnings for Arch / More Subprime MBS Deals May Hit the Market / A New Loan Program from Citadel / CFTC Issues No Action Letter February 14, 2017 Brandon Ivey and Paul Muolo In the nonconforming market, Citadel Servicing Corp., Irvine, CA, has just rolled out a new 12-month bank statement loan program… Read More
Can Walter/Ditech Find a Path Forward? February 13, 2017 Paul Muolo Institutional investors tend to avoid any stocks that are priced below $5 a share. At press time, Walter’s stock was trading at $3.40.Read More
Money Manager Senator Investment Cuts Stake in Radian to Zero February 13, 2017 Paul Muolo Radian recently reported net earnings of $61.1 million for the fourth quarter…Read More
IMA and Phoenix Capital Hit Market with New MSR Deals February 13, 2017 Paul Muolo Phoenix Capital is offering a private jumbo MSR portfolio sized at $216 million…Read More