October 21, 2019By John BancroftBulk Servicing Sales Hit a Wall in 3Q19, Down 29%Co-issuance transfers – a smaller market – actually increased 52.9% sequentially to $59.4 billion…
October 18, 2019By John BancroftTop Bulk MSR Seller in 3Q19? A Battle Between Two Michigan-Based Mortgage GiantsloanDepot was also an active seller of bulk MSRs in the third quarter, according to an exclusive tally from Inside Mortgage Trends…
October 15, 2019By Paul MuoloShort Takes: MSR Marks an Issue? Yep / MorVest Selling Bulk GSE Rights / Making FHA Loans to Borrowers with IRS Debt / A New Hire for MAXEX / CorrectionOne servicing advisor told us he anticipated his clients (smaller shops) would likely take a hit of 2 to 5 bps on their MSRs, but it looks like the big boys are reporting numbers that are worse than that...
October 4, 2019By Paul MuoloShort Takes: The GSE Recap Train Leaves the Station. Next Stop? / Strategies for the Future? / Compliance Required / Bracing for Large MSR ‘Marks’ / Waiting on a Recession
October 2, 2019By Paul MuoloDitech Completes Sale of ‘Forward’ Assets to New Rez, Including $62B of MSRs
September 30, 2019By Paul MuoloShort Takes: Blunt Advice on LOs: Move Up or Move Out / Saved by Rates Again? / Prestwick Offers Bulk MSR Package / A Decade at Long & Foster / FHFA Settles with Watt’s Accuser
September 18, 2019By Paul MuoloPretium Closes on Purchase of Nation’s Eighth Largest Expanded-Credit Lender
August 29, 2019By Paul MuoloShort Takes: The Underbelly of Ultra Low Rates / Ditech Reorg Plan Hits a Snag / Eventually … / Borrowing Against the MSR Asset / Waterstone Names a New CEO