Mortgage Bellwethers Wells and JPM Disclose 3Q Originations. It’s Not Pretty October 14, 2022 The only silver lining: Both saw the asset value of their servicing portfolios rise in the quarter, JPM’s by 7%, Wells 9%.Read More
Nonbank Share of Ginnie MSR Market Just Shy of 80% at Sept. 30 October 13, 2022 John Bancroft Will changes to the eligibility rules alter the incredible grip nonbanks have on the GNMA market?Read More
Two Harbors Pre-Announces 3Q Results, Makes a Big Adjustment to BV October 13, 2022 Paul Muolo These are not fun times for publicly traded mortgage stocks. REITs are no exception...Read More
Phoenix Launches $4B-Plus Bulk MSR Auction. More to Come… October 13, 2022 Paul Muolo Auction announcements are expected to pick up in the weeks ahead...Read More
Short Takes: The Challenge Ahead / Fitch: The MSR Gravy Train May End / FoA, What’s Left? / A Blackstone Company / More Cuts at AO October 12, 2022 Paul Muolo Finance of America went public at $10.00 a share in the spring of 2021, courtesy of its owner, the Blackstone Group...Read More
GSE MSR Portfolio Just Shy of $1B Hits the Market October 11, 2022 Paul Muolo The portfolio has a delinquency rate of 0.93%...Read More
Short Takes: Still on the Market: Mortgage CEO’s $26.5M Condo / A Slight Uptick in Refis / Seed Money for Investor-Lender / Invitation’s Hurricane Damage? / Escrow Interest Case October 11, 2022 Paul Muolo and Sam Manas VC money is still available for some lenders...Read More
The Mystery Surrounding Rushmore’s MSR Contracts October 10, 2022 Paul Muolo Rushmore’s contract base is nothing to sneeze at...Read More
One More Squeezing of the MSR Grapes? Looks That Way October 7, 2022 Paul Muolo Some market watchers worry about how liberal the 3Q22 MSR "marks" might be...Read More
UWM Discloses $1.5 Billion MSR Facility With Citi October 5, 2022 Paul Muolo A good time to accumulate MSRs? UWM increases borrowing line...Read More
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