Chief Investment Officer Bill King Departs Carrington December 5, 2013 Paul Muolo Bill King joined Carrington 18 months ago, but recently departed the firm, which is owned by a hedge fund.Read More
Nationstar Mortgage May Buy $50 Billion in MSRs, Walter $31 Billion December 5, 2013 Paul Muolo Is the mortgage servicing sales market beginning to slow? Not in the least. Nationstar and Walter are active buyers.Read More
Potential Investors Still Eyeing Ellie Mae, But Concerns Emerge Over Price December 5, 2013 Paul Muolo Ellie Mae has annualized revenues of roughly $130 million. The company went public two years ago. Read More
Short Takes: Solutionstar IPO Could Come in First Quarter / But Another Mortgage Firm May Nix Its IPO / WJB Will Fund $5 Billion This Year / Hot Loan Markets / MGIC Stock Nears 52-Week High December 5, 2013 Paul Muolo Inside Mortgage Finance is hearing rumblings about a mid-sized nonbank that was contemplating an initial public offering pulling the deal.Read More
M&A: IMH Sells a Servicing Platform, Flagstar Finally Unloads MSRs? December 4, 2013 Paul Muolo Impac Mortgage released a statement on the sale of a servicing affiliate, but was light on details, including the identity of the buyer.Read More
NewLeaf Hopes to Table Fund $1.5B Through Brokers December 4, 2013 Paul Muolo Bill Dallas sees NewLeaf table funding a huge amount of mortgages through brokers next year.Read More
Short Takes: Ocwen Will Enter Non-RE Subprime Market / Daurio Meets with Potential Investors / Non-Agency Fundings Continue to Boom at Citadel / More Bad News on Mortgage Profits / Delay in CSP Job / CoreLogic Eyes SF Rental Market December 4, 2013 Brandon Ivey and Paul Muolo In other subprime news, industry veteran Jon Daurio was recently in New York talking to potential investors about his new nonbank venture, Nikkael Capital Corp.Read More
Short Takes: Maybe the QM Wont Be So Bad After All / Then Again / Big Problems Coming From Higher Flood Insurance Premiums / Opus Sold to an Indian Firm / FHFA Gets a $1.2 Billion 'Claim' December 3, 2013 Paul Muolo, Thomas Ressler, and Charles Wisniowski What's the outlook for making mortgages collateralized by homes located in federal flood plains? Answer: Not so good.Read More
PennyMac the Winning Bidder on CashCalls $10 Billion of MSRs? December 3, 2013 Paul Muolo Several large bulk MSR deals are pending, but can they get done before year-end?Read More
Walter Plans New $1.6 Billion Credit Line, Will Buy More MSRs December 3, 2013 Paul Muolo The fast growing Walter Management also will sell $500 million worth of senior notes through a private placement. Read More