IMA and Phoenix Announce New Bulk MSR Deals December 2, 2014 Paul Muolo The IMA package – top heavy with California and Florida loans – includes $110.8 million of Ginnie Mae receivables.Read More
Short Takes: Special Servicers Beat Banks on Distressed Mortgages… / One Caveat Though / Looser Mortgage Credit? Hah! / Northrim Closes M&A Deal / Former Freddie Official Lands at StoneHill December 2, 2014 Paul Muolo and Thomas Ressler A new poll from IMFnews and Inside Mortgage Finance suggests that lenders are hardly optimistic that the R&W changes will amount to anything. Read More
Will PIMCO’s Investment in Nonprime Lender Pave the Way for Other Deals? November 25, 2014 Paul Muolo Another new entrant to the nonprime space is Garrison Investment Group, a private equity firm that late last month bought Hilco Real Estate Finance. Read More
$50 Billion Worth of Servicing ‘Bulk’ Deals Between Now and Yearend? November 24, 2014 Paul Muolo Interactive Mortgage Advisors alone is working on $10 billion worth of deals...Read More
IMA, MountainView Out with Large MSR Packages November 24, 2014 Paul Muolo The Prestwick Group and MIAC are also working on servicing deals.Read More
Arvest Working on MSR Sale with a Subservicing Option November 21, 2014 Paul Muolo A sale of that size would greatly reduce the bank’s portfolio and would signal a strategy shift. Read More
CFPB Proposes Amendments to Mortgage Servicing Rules November 21, 2014 Thomas Ressler Other changes include: providing flexibility for servicers to comply with certain force-placed insurance and periodic statement disclosure requirements.Read More
What We’re Hearing: Higher FHA Costs, Not Lower / The GOP in Favor of This Tax Hike? / How About Regulating Nonbank Lenders? / Cyprus? Wilbur Ross Really is a Bottom Fisher / Ocwen Isn’t the Only Servicer That Loves India November 21, 2014 Paul Muolo There’s a growing fear that the CSBS might move to increase capital standards for nonbank originators as well.Read More
MIAC Auctioning Off $908 Million Fannie/Freddie Portfolio November 19, 2014 Paul Muolo With roughly six weeks left in 2014, some mortgage firms are rushing to sell MSRs as a way to bolster fourth quarter profits. Read More
MSR Deals Keep Coming; A $1.2 Billion Flow Deal From Phoenix November 17, 2014 Paul Muolo MIAC is out with a new $73 million Fannie package and MountainView and The Prestwick Group are working on transactions as well.Read More