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CMG of California Expands Further Into New England

November 27, 2023

CMG owner Chris George continues to find "bolt-ons" for his branch network...

MSR Prices: Never This Good Again?

November 20, 2023

The big concern: MSR packages could flood the market in the coming months as struggling lenders look for cash.

MSR Sales Expected to Increase; Plenty of Buyers

November 10, 2023

Lenders hurting for cash are expected to sell off MSRs and there are numerous buyers for the product.

Short Takes: Rocket Looks to AI / Redfin’s Lending Slows / Velocity Increases Production / Great Ajax Considering Options

November 3, 2023

Brandon Ivey and James Dohnert

“I believe AI will be at the center of how clients buy, sell and finance homes,” said Varun Krishna, the new CEO of Rocket Companies.

Rithm Stays Profitable in Third Quarter

October 26, 2023

Rithm Capital posts a profit in the third quarter as it prepares for the acquisition of Specialized Loan Servicing early next year.

Homestar Financial Ceases Retail Operations

October 25, 2023

The Georgia-based lender will accept locks through the end of the month before shuttering its retail operations.

Short Takes: More Bulk Auctions for MSRs / AGNC Reports Preliminary Third Quarter Estimates / Delinquency Rate on the Rise / Home Seller Profit Margins Increase

October 24, 2023

More bulk auctions of mortgage servicing rights are on the horizon; Real estate investment trust AGNC reports preliminary estimates for the third quarter of 2023; ICE reports that foreclosures increased in September; Attom finds home seller profit margins rose in 3Q.

CMG Primed for Growth in a Tough Market

October 23, 2023

CMG’s scorecard looks like this: 394 retail branches today compared to 241 a year ago.

Short Takes: More to Come From DOJ / PrimeLending Posts Loss / AGMIT Close to Acquiring WAMC

October 20, 2023

The DOJ has more than 24 investigations into redlining in progress.

Short Takes: ‘Grannie-Pad’ Income Gets Respect / A Downgrade for FoA / Challenging MBS Demand? / Fairway CEO: We’re Not for Sale!

October 16, 2023

More bad news for Blackstone's reverse lender, Finance of America...

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