Onity Pays Off Some Corporate Debt Following MSR-Related Sale December 4, 2024 Brandon Ivey Onity received $49.5 million for the sale.Read More
Indiana Bank Changes Mind on Unloading Warehouse Unit November 27, 2024 Paul Muolo The buyer of Horizon's warehouse unit was not identified in the 8-K.Read More
Short Takes: Pending Home Sales Increase / NerdWallet Acquires Mortgage Broker / ICE Takes Losses on Mortgage Tech Offerings / Monthly Payments Allowed Soon for NFIP October 31, 2024 Brandon Ivey A decline in interest rates and more housing inventory helped to increase pending home sales in September.Read More
Rithm Still Pondering Spinoff of Mortgage Unit October 30, 2024 Brandon Ivey “Candidly, we have to figure out a way to get our equity price to trade where it should trade,” said Michael Nierenberg, chairman, CEO and president of Rithm Capital.Read More
Servicing Transfers (Sales) Continued to Slow in 3Q24 October 21, 2024 John Bancroft One busy seller of mortgage servicing rights was CMG Mortgage of San Ramon, CA...Read More
There Goes the Mini Refi Boom? October 21, 2024 Paul Muolo Sales of MSRs have been slow, but some owners of MSRs could decide to unload a portion of their holdings...Read More
Short Takes: Update on Mr. Cooper’s Acquisition of Flagstar Assets / Home Sales Slow in CA / Interest Rates Up Again / FHLBanks Boost Affordable Housing Contributions October 18, 2024 Brandon Ivey Flagstar is on track to sell its mortgage servicing business and third-party origination business to Mr. Cooper Group during the fourth quarter.Read More
Short Takes: Projecting Impact of Hurricane Milton / Pending Home Sales Tick Up / Discount on Non-Agency Refis / Distillery Acquires Mortgage Tech Provider October 10, 2024 Brandon Ivey Damage costs from Hurricane Milton could affect insurance underwriting margins and earnings.Read More
Texas Bank Buys Mortgage ‘Shell’ September 16, 2024 Paul Muolo Besides being an active home lender and originator, NexBank is the nation’s 13th largest warehouse provider.Read More
Dan Gilbert Plans to Sell Some of Large Stake in Rocket September 11, 2024 Brandon Ivey Currently, Dan Gilbert, Rocket’s chairman, owns about 93% of the company’s stock.Read More
FHFA Walks Back DEI PoliciesThe regulator of Fannie Mae and Freddie Mac will no longer enforce diversity, equity and inclusion policies, according to the FHFA website.
Bessent Considers Including GSEs in a U.S. Sovereign Wealth FundSome SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
Pulte Revamps GSE Boards, Including a DOGE AdditionChristopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.
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