Short Takes: Will Ocwen Come Roaring Back? / A 29 Percent Decline in MSR Contracts / Finally, A Stock Deal / HUD Left Money on the Table / A New Director for Altisource August 22, 2016 Paul Muolo Is Ocwen's share price extremely undervalued? Read More
Phoenix Selling Flow MSR Package that Could Yield $4.8 Billion August 19, 2016 Paul Muolo Meanwhile, MountainView Servicing Group is selling a $1.9 billion Fannie Mae/Freddie Mac bulk MSR portfolio…Read More
What We’re Hearing: LO Jobs in Danger From Hal? / How Many Mortgage Loan Officers Are There? / The Human Touch / American Home’s Michael Strauss is Back with Nonprime Lender / 'Alt A' Lending May Return August 19, 2016 Paul Muolo Of course, it’s debatable how many LO jobs might disappear through automation...Read More
‘Fix & Flip’ Lender Raises $10 Million, Has its Eye on $100 Million August 18, 2016 Paul Muolo Most of its production is tied to homes in the Golden State but CALCAP hopes to go national one day.Read More
Angel Oak’s Second Nonprime MBS Deal is Still a Go… August 18, 2016 Paul Muolo Angel Oak’s first nonprime MBS came to market in December of last year and was backed by collateral with an average interest rate of 7.51 percent.Read More
Short Takes: Freedom, Now the Big Kahuna of FHA & VA / Quite an FHA Decline for BofA / Job Cuts at Ditech / Bad Timing / A New Subprime MBS? August 18, 2016 John Bancroft and Paul Muolo Will the last megabank left in the FHA market please turn off the light...Read More
Ninth-Ranked Originator loanDepot Sells $150 Million of Debt. No Word on Yield or Who Bought It August 17, 2016 Paul Muolo Initially, loanDepot planned to register 35 million shares of common at a target price of $16 to $18 a unit, which gave it a maximum valuation of $630 million.Read More
Bottom Fishers Eyeing the Mortgage Servicing Market? August 17, 2016 Paul Muolo “It feels like we’re getting to a floor,” said MIAC Managing Director Steve Harris.Read More
Short Takes: Underperforming LOs Should be Shown the Door / loanDepot’s Hsieh on What Investors Want / Former Goldman Trader Chin Takes it on the Chin / GSE Relief for Flooded Homes in Louisiana / New Hire for ATTOM August 17, 2016 Carisa Chappell, Brandon Ivey, and Paul Muolo Joe Garrett added: “…if you keep mediocre producers around, it sends a message that you tolerate mediocrity…”Read More
Caliber Home Loans Taking a Look at PHH Assets? August 16, 2016 Paul Muolo For now, Caliber isn’t commenting on PHH and the latter isn’t discussing anything to do with a sale of its assets.Read More