Caliber Enters the Correspondent Channel, Taps PennyMac Executive May 7, 2013 Paul Muolo Caliber Funding sees a huge opportunity in correspondent lending.Read More
Short Takes: Industry Wants Lower GSE Loan Limits / FirstREX Will Take Equity in a Home / Cramer Likes Ellie / United Guaranty on a Roll / About that FHA Premium Promise May 7, 2013 George Brooks and Paul Muolo The mortgage industry wants lower Fannie Mae/Freddie Mac/FHA loan limits. But will it happen?Read More
Nationstar Launches $1.375 Billion Debt Offer, Mentions Suspension of Foreclosures May 6, 2013 Paul Muolo Business must be good for Nationstar Mortgage. The fast growing servicer is trying to pull off a huge debt swap. Read More
Steadfast Wants to Help Nonbanks Raise Capital / Stevens Seeks a Dialogue with FHFA on New Regs / BofA (Sort of) Comments on MSR Sale / Daurio Continues Hunt for Subprime Cash / GSE MF Worthless? May 6, 2013 Paul Muolo and Charles Wisniowski A new investment banking firm wants to help nonbanks raise capital.Read More
IMA Finds Buyer for $12.7B of MSRs, Floats Another Large Package May 2, 2013 Paul Muolo The bulk servicing market is showing signs of heating up: IMA has two deals totaling $23 billion in the works. Read More
California Nonbank Skyline May Double Originations This Year May 2, 2013 Paul Muolo Skyline Home Loans, a shop controlled by industry veteran Bill Dallas, could double loan originations this year. Roughly 35 percent of its fundings entail purchase money loans. Read More
Short Takes: PHH Sees Its Gain-on-Sale Drop / Flippers Say Viva Las Vegas and Orlando Too / Auction.com Sells Apartment Buildings in Competitive Bid / Treasury Comes Clean on HAMP / Sen. Corker Uncorks May 2, 2013 Brandon Ivey and Paul Muolo PHH Mortgage saw its gain-on-sale margin decline but it marked up the value of its MSRs.Read More
Denver Nonbank W.J. Bradley Does Roll Up Deal with Washington Lender May 1, 2013 Paul Muolo W.J. Bradley isn't necessarily buying Legacy Group Lending, but the two firms are combining forces. Read More
Short Takes: FHFA Issues Progress Report on Securitization Platform / But Little Progress in Finding a Platform CEO / Union Bank Buys LPS Software / Ally Totally Out of MSRs / Shiller Not so Bullish on Housing May 1, 2013 Paul Muolo and Charles Wisniowski FHFA issues progress report on the "common securitization platform" but no CEO is in place yet. Meanwhile, Ally is out of MSRs totally.Read More
White House Pick of Rep. Watt for FHFA Job Wont Affect GSE Net Worth Debate May 1, 2013 Paul Muolo If Rep. Mel Watt gets the FHFA job will he tinker with GSE net worth minimums? Read More