Up for Grabs: A Large Bulk GSE MSR Portfolio April 7, 2021 Paul Muolo The seller is described as a bank-owned mortgage company, one with “very experienced leadership that is well-versed in servicing transfers.”Read More
Another Ginnie EBO Portfolio Hits the Auction Block April 6, 2021 Paul Muolo When it comes to Ginnie EBOs, sales are done both servicing-retained and servicing-released.Read More
Short Takes: The Falling Forbearance Rate… / Play Ball / A Warehouse Securitization / A New Entrant to Non-QM Lending / FoAM Buys Benji April 2, 2021 Paul Muolo and Brandon Ivey For the week ending March 30, the relief count dropped by 33,000 units. Key point: Forbearance starts fell to their lowest weekly volume (30,000) since the beginning of the pandemic…Read More
One More Mortgage IPO: Blackstone’s Mortgage Unit Starts Trading Monday April 2, 2021 Paul Muolo More gas left in the mortgage IPO tank? Some...Read More
Flow Deal Could Net Buyer $1.2 Billion of MSRs March 26, 2021 Paul Muolo The MSR totals are based on February loan production by this particular seller...Read More
Annaly Inks Deal to Sell CMBS Unit March 26, 2021 Brandon Ivey The commercial unit accounted for only 2.3% of Annaly's assets as of the end of 2020.Read More
Redwood’s First Venture Investments Focus on Rental Services March 22, 2021 Brandon Ivey However, the size of the investments in Rent Butter and Rent Room were not disclosed...Read More
Servicing Prices: Happy Days are Here Again March 19, 2021 Paul Muolo Investment bankers like Mark Garland of SitusAMC believe that by the third quarter bulk MSR sales could be on a roll...Read More
A Large ‘Flow’ MSR Deal Hits the Auction Circuit March 18, 2021 Paul Muolo More evidence the flow MSR market is recovering: this auction from Phoenix and a recent large one from IMA...Read More
A Hefty Profit for Mr. Cooper on Sale of Title Business March 15, 2021 Paul Muolo Blend Labs, the digital automated underwriting platform, is diving head first into the title business...Read More