PennyMac's Mortgage Banking Arm Files Updated IPO Documents April 30, 2013 Paul Muolo PennyMac Financial Services could raise just over $200 million through an initial public offering of stock.Read More
Known for its Jumbo Prowess, Union Bank Branches Out into Conventional Conforming April 30, 2013 Paul Muolo Union Bank hopes to make a big splash as a retail funder of Fannie Mae and Freddie Mac loans.Read More
SunTrust Mortgage Executive Seth Sprague Departs April 30, 2013 Paul Muolo Sprague, a veteran of SunTrust, Bank of America, and Matrix Capital, has joined Phoenix Capital. Read More
Cole Taylor Will Continue to Buy MSRs, New Call Center About to Open April 29, 2013 Paul Muolo Cole Taylor Mortgage, which has grown its servicing portfolio ten-fold in the past year, is now an active Ginnie Mae issuer. Read More
IMA in the Market with a $900 Million Flow MSR Deal April 29, 2013 Paul Muolo The "flow" market for mortgage servicing continues to improve. IMA is in the market with a new package and others are on the way. Read More
Short Takes: Improved Mortgage Profit Margins in 2Q / Help for the Manufactured Housing Market / Citigroup Loves Jumbos / $25 Billion in HAMP Money Left / Freddie Speaks About the Common Securitization Platform April 29, 2013 Paul Muolo and Thomas Ressler Mortgage profits are improving in the second quarter, but how long can it last? Meanwhile, Freddie talks about the CSP.Read More
Short Takes: HUD Secretary Promises No More Premium Hikes / Meanwhile, HUD Will Close Some Offices / National MI is Open for Business / BofA Says Don’t Compare it to Wells / Mortgage REITs a Concern? April 25, 2013 Paul Muolo FHA lenders are resting easier today thanks to a promise from HUD secretary Shaun Donovan not to hike FHA premiums again.Read More
Hard-Money Lender May Quadruple Production This Year April 25, 2013 Paul Muolo Residential fundings by hard-money lender CALCAP Advisors are on the rise, a bright sign for the sector.Read More
Fannie and Freddie Spreading the Word on Coming G-Fee Hike April 25, 2013 Paul Muolo The worst kept secret in the mortgage industry is that a guaranty fee hike is coming. But no one knows when.Read More
Originations Flat at EverBank in 1Q, But Thrift is Ready to Part With Jumbos April 25, 2013 Paul Muolo EverBank funded $2.9 billion of home mortgages in the first quarter, a bit below one estimate of $3.3 billion.Read More