Short Takes: Mortgage Master Top Lender in Massachusetts? / Nationstar Mortgage Executives Selling Shares / Help Save the FHA Multifamily Program March 12, 2013 George Brooks and Paul Muolo Is privately held nonbank Mortgage Master the Big Kahuna of residential lending in Massachusetts? Read More
Ocwen Continues to Gobble Up MSRs with $85B Ally Deal March 12, 2013 Paul Muolo The fast growing Ocwen Financial won the bid for Ally Financial's residential servicing portfolio.Read More
Allonhill CEO Diana Mead Departs Due Diligence Vendor March 11, 2013 Paul Muolo Due diligence provider Allonhill LLC loses its CEO Diana Mead.Read More
Jumbo Issuer Redwood Sells $288 Million of Debt March 11, 2013 Paul Muolo Redwood Trust taps the debt market for cash to support its jumbo MBS business.Read More
Short Takes: More Layoffs in the Foreclosure Review Space / FHFA IG Says Higher Rates Could Hurt the GSEs / Genworth Shares Spike / Waiting for Godot and Fannies 4Q Earnings March 11, 2013 Paul Muolo More foreclosure review workers are set to lose their jobs. This time the layoffs are happening at Aurora Bank of Denver. Read More
Three M&A Deals in the Works at Mortgage Banking Solutions March 7, 2013 Paul Muolo Merger and acquisition activity is perking up in the mortgage market with a deal set for unveiling possibly by Friday afternoon or early next week.Read More
Walters Reverse Unit Gets $100 Million Warehouse Line From RBS March 7, 2013 Paul Muolo Reverse Mortgage Solutions has tapped RBS for a large warehouse line of credit that matures next year.Read More
Nationstar Posts Strong Earnings, Unveils GNMA Servicing Deal March 7, 2013 Paul Muolo Nationstar Mortgage earned $63.8 million in the fourth quarter as it continued to snatch up MSR packages.Read More
Short Takes: Fannie Selling $250 Million of NPLs? / Vericrest Names New CEO / Consumers Get a Free Lunch of Lower Rates / LLPAs Not Going Away Soon March 7, 2013 George Brooks, Paul Muolo, Thomas Ressler, and Charles Wisniowski Fannie Mae is about to offer $250 million of nonperforming mortgages for sale in the secondary market.Read More
Former Goldman Sachs Managing Director Launches Subprime Company March 6, 2013 Paul Muolo A former loan trader at Goldman Sachs has launched a new subprime mortgage company offering LTVs as high as 75 percent.Read More