Bank Selling ‘Flow’ Servicing That Could Reach $600 Million a Year October 10, 2016 Paul Muolo Based on past production trends of the seller, 52 percent of the loans originated will come through the correspondent channel.Read More
Short Takes: Wells Fargo, Still the Number One Ginnie Issuer … for Now / Who Will Replace Ibrahim at Radian? / Clayton in the News / The GSE Net Worth Sweep: What did President Obama Know? October 10, 2016 Paul Muolo Who will succeed S.A. Ibrahim at Radian? We've heard two names...Read More
A Minor ‘Realignment’ at Clayton Holdings: Pollock Named Chief Revenue Officer; Capital Markets Chief Wornow Out October 7, 2016 Paul Muolo Radian agreed to buy Clayton in May 2014 for $305 million.Read More
What We’re Hearing: The Best Place for an LO? Answer: At a Nonbank / How Wells Fargo Grades its LOs / Remember FM Watch? / Jump? How High? / Pingora Continues to Buy MSRs / The Revolving Door at Clayton / Wornow and Hughes Land October 7, 2016 Paul Muolo Want to make more money? Go work for a nonbank. Want better job security? Work for a depository...Read More
Fairholme Says GSE Document ‘Floodgate’ About to Open; At Stake: $2.4 Billion of Fannie/Freddie Jr. Preferred October 6, 2016 Paul Muolo In a letter to its shareholders, Fairholme called the GSEs “two of the best businesses ever owned by the funds.”Read More
FBR Predicts a Blow-out Origination Quarter – and Year October 6, 2016 Paul Muolo A $2 trillion year for mortgage originators? It might be…Read More
MIAC Hits the Street with a GSE/Ginnie Mae MSR Auction October 6, 2016 Paul Muolo The MSR package has a heavy West Coast concentration, MIAC said.Read More
Short Takes: PHH and Caliber, Again? / Will Analysts Grill Wells Fargo? / Walter Exec Sells Shares / RBS Agrees to Settle MBS Case with Connecticut / New Hires for Compass Point October 6, 2016 Paul Muolo Is Caliber once again dancing with PHH?Read More
The State of Mortgage Servicing Sales: ‘Hand to Hand Combat’? October 5, 2016 Paul Muolo Through the first six months of 2016, $78.5 billion in bulk rights have changed hands, compared to $253.1 billion in 2015…Read More
Three Investors Win Bid for $963 Million of Freddie Mac NPLs; Loans Serviced by Wells and Ditech October 5, 2016 Paul Muolo Roughly 48 percent of the loans were previously modified and then became delinquent again.Read More