Grapevine: Up for Grabs (Maybe): $85B in MSRs / Homebuyer Sentiment Improves January 12, 2023 Paul Muolo and Dennis Hollier Tongues were wagging late in the week concerning a possible $85 billion package of MSRs hitting the auction circuit. Some suggested it might turn out to be a privately negotiated deal with two buyers.Read More
Suddenly, A Barrage of MSR Deals Hits the Market January 11, 2023 Paul Muolo Last week, The Prestwick Mortgage Group kicked things off with a conventional offering notice...Read More
Some Positive News For Non-QMs: Money Managers Need Yield January 11, 2023 Paul Muolo Acra ranks 11th among expanded-credit originators...Read More
Short Takes: A Big (Wells) Surprise? Not Really… / The GSE Role / Who’s Next? / Rate Buydown Ramifications / Some Job Cuts at Rocket January 11, 2023 Paul Muolo and Brandon Ivey The downside to mortgage rate buydowns...Read More
Using Mortgage Wealth to Buy an NBA (and WNBA) Team... January 9, 2023 Paul Muolo The NBA need not worry about Ishbia's wealth...Read More
A $1.5 Billion GSE MSR Offering Hits the Street January 9, 2023 Paul Muolo The loans have an average age of 34 months.Read More
Short Takes: MBS Creation and Rates / GOS Improvement? / No One Goosing MSRs? / Not Afraid of a U.S. Debt Default / Better Times in 2024 January 9, 2023 Paul Muolo Hypothetical question: What might a default on U.S. debt do to mortgage rates?Read More
Muted Optimism and a Slow Start for MSR Sales January 6, 2023 Paul Muolo The year just closed was a barn-burner for bulk auctions of servicing rights. As for 2023, sales could be brisk but pricing will likely disappoint.Read More
The YOY Mortgage Job Loss Tally: 41,700, With More to Come… January 6, 2023 Paul Muolo At the end of November, firms classified by the federal government as “real estate credit” had 250,200 full-timers on their payrolls.Read More
Short Takes: Still on the Market in NYC… / More Lawsuits for Sprout, Strauss / Waiting to Move On / Job Changes at Deephaven, Plaza January 6, 2023 Paul Muolo Even though the non-QM sector is seeing volumes slow, some lenders are still hiring...Read More