IPO-Bound Lender Selling ‘Flow’ MSRs February 18, 2021 Paul Muolo At a time when servicing values are firming up, Caliber is looking to sell product...Read More
AZ Bank in $1 Billion Deal to Buy Nation's Third Largest Correspondent Lender February 16, 2021 Paul Muolo Back in fall, the privately held AmeriHome announced its intentions to go public.Read More
With a New Chairman in the Seat, NCUA Proposal on MSRs in Doubt February 8, 2021 Brandon Ivey The two major CU trade associations, the Credit Union National Association and the National Association of Federally Insured Credit Unions, and a number of other state-specific industry groups submitted letters in support of the proposal.Read More
Figure Affiliate Files $250 Million IPO with Plans to Acquire a Company February 4, 2021 Brandon Ivey Figure Acquisition Corp. I is planning to acquire a company involved in financial technology and financial services. Read More
As More MSR Packages Hit the Market, A New Concern Develops... February 3, 2021 Paul Muolo Investment bankers that work in the trenches fear that pent-up selling in the first quarter could lead to a mad rush for the exit...Read More
Tech-Focused Valon Raises $50 Million, Has Huge MSR Growth Plans February 2, 2021 Brandon Ivey Valon, formerly known as Peach Street, plans to use the funds to hire and acquire...Read More
‘Highly Reputable’ Originator Offers Flow Deal That Could Top Almost $34B February 1, 2021 Paul Muolo IMA says the seller is a "well-capitalized independent mortgage bank with very experienced leadership"...Read More
Cash In Hand, UWM Reassesses Its Role in the MSR Market January 25, 2021 Paul Muolo CEO Mat Ishbia said the $925 million the firm garnered from Friday’s transaction gives the nonbank solid options when it comes to growth.Read More
Agency MSR Transfers Spike. Chief Reason: Freedom’s Acquisition of RoundPoint January 24, 2021 Total MSR transfers – including bulk deals and coissuance transactions – more than doubled from the third quarter, hitting $188.11 billion. However...Read More
Mortgage Production Cools Off at Flagstar in 4Q20 January 21, 2021 Brandon Ivey Flagstar's production and profit margins declined in the fourth quarter, though the bank increased MSR sales and warehouse lending... Read More