Short Takes: Prepping for Branch Closures / Would You Like to Keep the Copier? / A Stronger Profit for Texas Capital / Coming Soon: loanDepot’s 3Q22 Results October 20, 2022 Paul Muolo Finance of America is preparing to close retail branches outright...Read More
Fitch Hits Finance of America With a Downgrade. What’s Left? October 18, 2022 Paul Muolo FoA's MSR assets are rapidly dwindling...Read More
Marlin's MSR Holdings Top $45 Billion With Room to Grow... October 17, 2022 Paul Muolo Marlin's Andrew Weber: “There’s a lot of servicing out there that’s going to come forward into the market."Read More
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
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