Radian Sells Due Diligence Unit Clayton – At a Loss January 22, 2020 Paul Muolo Radian bought Clayton in 2014, paying a hefty $305 million for the business, a price that many observers thought was a bit rich.Read More
IMA Selling $4 Billion-Plus of Agency MSRs January 21, 2020 Paul Muolo The portfolio is top heavy in Texas product at 50.1%. Read More
Virginia Bank Acquires Wholesale Mortgage Lender January 15, 2020 Brandon Ivey In general, commercial banks have avoided wholesale mortgage lending like the plague. But not Blue Ridge.Read More
Short Takes: Blowout Earnings for the GSEs? / Juicing the Debate / A Frothy Non-QM Secondary? / Dow 29,000 / Greystone Buys Commercial Servicer January 10, 2020 Paul Muolo Stronger GSE earnings will bolster retained capital, which could juice the recap-and-release debate even more…Read More
Short Takes: Freedom and RoundPoint: Waiting on the Regulators / The Advisors and the Numbers / KKR’s Stake in Mr. Cooper / MBA’s Application Survey? / A New President for AI January 2, 2020 Paul Muolo The Freedom-RoundPoint deal awaits regulatory approvals... Read More
In Limbo Once Again: The Genworth-China Oceanwide Deal January 2, 2020 Brandon Ivey In case you’re keeping track, the Genworth-China Oceanwide deal has been delayed for the 13th time… Read More
2020, A Bright Year for Citadel Servicing Corp.? December 27, 2019 Paul Muolo Based in Irvine, the privately held lender/servicer services roughly $3.6 billion in loans.Read More
Genworth's Merger Agreement Extended for 13th Time, Re-Approvals Necessary December 26, 2019 Brandon Ivey Among other issues, a number of U.S. regulators and entities that had approved the transaction now need to re-approve the deal.Read More
Short Takes: When Dems Show an Interest in GSE Reform … Lookout / The Questions / ‘What If’ Scenarios / A Texas-Sized Merger / A New Controller for Wells December 20, 2019 Paul Muolo So, what kind of GSE questions do the Democrats ask? Topics include timelines, benchmarks, capital levels, affordable housing issues, reducing the GSE footprint and the like. All of the questions might be viewed as quite predictable…Read More
Bulk MSR Sales Lacking. Blame Low Rates? December 18, 2019 Paul Muolo Overall, the trading volume in third quarter was the thinnest of the year and 4Q19 could be weaker still.Read More
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