In a Light Auction Market, MIAC Offers a $1B Package June 12, 2019 Paul Muolo MIAC has established a bid deadline of June 18… Read More
Short Takes: Withering on the Vine in Mortgageland: Commercial Banks / Ocwen: Transfer Complete / Ocwen Changes Brand Name to PHH Mortgage / Alert: HECM Damage in Progress / Angel Oak Sees Big Gains Ahead for Non-QM June 11, 2019 Paul Muolo Looks like Ocwen is pushing the button on a name change and it's not Newco...Read More
Ginnie Mae Exploring ‘Non-Traditional’ MSR Ownership June 11, 2019 Paul Muolo Ginnie, it seems, is looking for assurances from “capital providers,” whomever they may be… Read More
Mortgage Employment Outlook Improves. UWM and AOMS are Hiring June 10, 2019 Paul Muolo Help needed far and wide: Loan officers and processors...Read More
What We’re Hearing: A Speculator’s Dream (or Nightmare) / Feeling Good These Days: Warehouse Banks and their Customers / Habib Sees a Recession Coming / Throwing Cold Water on a Quick Stock Sale by Fannie and Freddie June 7, 2019 Paul Muolo A Fannie/Freddie stock sale could take three to four years, says Raymond James & Associates in a new report...Read More
Mortgage Servicing Reg Relief, Too Little and Too Late? June 7, 2019 Brandon Ivey The rule increases the amount of mortgage servicing assets a bank can count toward Tier 1 capital... Read More
New Deadline Set for Auction of Ditech Servicing Business June 5, 2019 Paul Muolo Ditech’s M&A advisor is the investment banking firm of Houlihan Lokey...Read More
Throwing a Monkey Wrench Into an Anticipated M&A Boom: Declining Rates June 5, 2019 Paul Muolo Thanks to today’s high loan balances, a 50-basis-point drop in rates can do wonders for the refi market, but is bad news for companies that have large servicing portfolios to unload...Read More
With its Stock Price Fading, Mr. Cooper Says: We’re Okay but Thanks for Asking June 3, 2019 Paul Muolo Declining interest rates can be good news for lenders, but bad news for servicers... Read More
Fitch Gives Freedom Mortgage a Thumbs Up May 31, 2019 Paul Muolo Fitch: Freedom will buy RoundPoint with cash on hand and "available" capacity on existing lines of credit...Read More
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