Brokerage UMortgage is Busy Kicking Some M&A Tires December 19, 2022 Paul Muolo After the NXT deal is completed, UMortgage will have 239 loan originators in 47 states...Read More
A Real Head Scratcher: A Figure-Bank-Warehouse SPAC? December 16, 2022 Paul Muolo The combined entity would be public, allowing FAC’s investors to cash out.Read More
Short Takes: Fitch on Finance of America / A Look at the Deal / Investing in the Future of FoA? / #1 in a Small Niche / Of Rate Hikes and Popularity December 15, 2022 Paul Muolo Earlier this month, FoA announced it would acquire the majority of AAG’s assets, largely residential reverse mortgages and servicing rights...Read More
The Struggling FoA Agrees to Buy the Nation’s Largest Reverse Lender December 7, 2022 Paul Muolo The seller is Reza Jahangiri, who founded the company in 2004.Read More
Short Takes: Home Point Unloads Ginnie MSRs… / And More / A Decline in Home Values / Why? / loanDepot Loses Another Executive December 6, 2022 Paul Muolo October brought a month-over-month decline in home prices...Read More
Phoenix Out With Another MSR Deal, This One Top-Heavy With NY Product December 5, 2022 Paul Muolo The bid deadline is Dec. 6...Read More
Guild Buys $1.7 Billion-a-Year Midwest Originator December 2, 2022 Paul Muolo It’s believed to be one of the first “franchise” M&A deals by a publicly traded mortgage company during the downturn...Read More
A Tough Row to Hoe for Better.com November 30, 2022 Paul Muolo A historic correction in originations has marred Better's SPAC plans...Read More
Phoenix Offers GSE MSRs With a Mid-Atlantic Concentration November 29, 2022 Paul Muolo The seller wants to close the deal in early 2023...Read More
Additional Bulk Servicing Auctions Hit the Circuit November 23, 2022 Paul Muolo It may be Thanksgiving week, but Phoenix and Prestwick are out with new MSR offerings...Read More
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