Weighing on Home Point’s Future: A Possible Sale March 31, 2023 Paul Muolo Sale chatter has been following Home Point and its MSRs for several months now but with no deal in hand. Still, a resolution could be moving closer.Read More
loanDepot’s Debt Price Sinks Below 50. Meaning? March 31, 2023 Paul Muolo The unsecured debt of several nonbanks continues to trade below par, but in general has held up fairly well. However, not for loanDepot.Read More
Short Takes: A Fed Funding Program for Nonbank Mortgage Shops? / Passing on the Risk / I Thought They Were Dead / Bitcoin’s Comeback / Loan Offerings From MIAC, RAMS March 29, 2023 Paul Muolo Bitcoin now trades for $28,412 a unit compared to under $20,000 a few weeks back. Is the bank liquidity crisis over?Read More
A Reduction in Pay for the C-Suite at Guild March 28, 2023 Paul Muolo The figure includes salary, stock awards, and non-equity incentive compensation...Read More
Short Takes: The Liquidity Crisis and Hedging / Taking Their MBS Positions Seriously: Fannie and Freddie / Howard on Hedges / A Question for the Fed March 28, 2023 Paul Muolo Taking their MBS positions seriously: Fannie and Freddie...Read More
loanDepot’s Debt Falls Below 50 Cents on the Dollar March 27, 2023 Paul Muolo LDI Management is forecasting 1Q23 production of $3.0 billion to $5.0 billion...Read More
The Liquidity Crisis: And the (MBS) Winners Are... March 27, 2023 Paul Muolo Goldman bought a portfolio of underwater securities from SVB that resulted in a nearly $2 billion loss at the now-failed bank.Read More
Short Takes: Fitch Weighs In on First Republic / Share Price Up / SVB’s Resolution Includes Loss Sharing / PFSI’s CIO Departs / A New Hire for CBC March 27, 2023 Paul Muolo and Brandon Ivey The SVB sale includes a “loss sharing” arrangement between regulators and First Citizens…Read More
M&A on the Minds of Everyone. Rate Cuts? March 24, 2023 Paul Muolo As some industry veterans may attest, on any given day, everyone’s for sale.Read More
A Buying Opportunity in MSRs? March 24, 2023 Paul Muolo Earlier in the week, every deal in the pipeline was on hold, said one advisor...Read More