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
Short Takes: Another Year, Another Issuance Record for Ginnie / 3Q16 Looks Like a Blowout Quarter / KB Will Take a Financial Hit on NSM JV / Redwood Readies New Jumbo MBS / New Chief for Appraisal Organization October 5, 2016 Brandon Ivey and Paul Muolo A blowout 3Q16 for residential originations and MBS issuance? Read More
BofA Finally Pulls the Plug (in its Entirety) on the Merrill Lynch-PHH Private-Label Contract October 4, 2016 Paul Muolo In the new SEC filing, PHH notes: “Merrill Lynch originations will contribute approximately $45 million of pre-tax earnings for fiscal year 2016 based on the company’s estimate of Merrill Lynch loan closing volume for 2016.”Read More
Yet Another Lender Settles FHA Claims: PRMI of Utah October 4, 2016 Paul Muolo According to a mid-year ranking by Inside FHA/VA Lending, PRMI ranks 15th nationwide among all FHA lenders.Read More
Short Takes: PHH’s Disclosure Was Long Expected / Doomed? / PHH Asks for ‘Confidential Treatment’ / Compliance Can Cost / Expanded HMDA Collections Coming Soon October 4, 2016 Paul Muolo and Thomas Ressler PHH also wants certain information kept confidential...Read More
Collingwood Capital Advisors: Mortgage Market Ripe for M&A October 3, 2016 Paul Muolo In the mortgage M&A space, there continues to be a disconnect between buyers and sellers…Read More