lodas
20 시간 전
let me see if I can put the early 1970's in perspective from what I remember:........
(1) I took out a mortgage on my home which sat on the market for one year with zero bids for 7.5 % interest
(2) my brother would borrow money from the bank at 4 1/2 %, and buy a 6 month T-Bill paying 22%
(3) unemployment was high and there was stagflation, and home prices were cheap.... I bought my home in North Hollywood, cal for 19,500...... the seller begged me to buy it as rentals were cheap, and in those days there was no first, and last months rent upfront payments, and people would rent, and skip, and occupy another rental with no documentation as to where they previously rented...
(4) at some point, Paul Volker became involved in placing high interest rates to curb rampant inflation, until 1982, at that point, the stock market rebounded, and took off...stock prices were in the toilet, but eventually rose for about 20 years until the Dot com bubble burst....very interesting time period... could this scenario repeat itself...maybe Warren Buffet knows something the market does not... Lodas
AZCowboy
20 시간 전
~ Interesting', "COOP" is conveniently allowing the speaking with a forked tongue ? ... Again ? ... No Surprises There' ~
Mr. Cooper Group Inc is a home loan servicer. The company focuses on delivering a variety of servicing and lending products. It has two operating segments namely Servicing, and Originations. The company derives the maximum revenue from the Originations segment. The Originations segment originates residential mortgage loans through a direct-to-consumer channel, which provides refinance options for existing customers, and through a correspondent channel, which purchases or originates loans from mortgage bankers and brokers. It also provides technology and data-enhanced solutions to home-buyers, home sellers, real estate agents and mortgage companies.
So, humorously, mr cooper IS NO LONGER INTERESTED in its ... maximum revenue provider ... ?
However, ... ? ...
A&D seals acquisition of Mr. Cooper unit
What made the acquisition of this platform appealing according to Kuznetsov, was A&D's understanding that Mr. Cooper was never as interested in the origination platform as it was in the mortgage servicing rights (MSRs) that it acquired from Flagstar Bank last fall.
==========================
there's LOTS of Sloppy ...
WMIHC IS Gone as of 2015' ...
There Is NO Retained Earnings from a misread / misunderstood 2012 Feb MOR' ...
The Plan 7' RELEASE Document Is Being Mis-Represented ...
... and ol cactus taking profit at a chosen time and pps', was an INDIVIDUAL CHOICE, able to be made by those with positions of wealth ... ol cactus was able to plan for a recovery of WaMu's and LBHI expenditures' ... an individual risk taken that, thankfully turned out well' ... buying heavily in the single digits to $50.00 (ish) pps, a few years ago now ...
... The Original Plan 7' Release Document Set The Platform, while the sequential 10-K's have revealed WHAT Is Happening ...
just sayin'
AZ
t1215s
23 시간 전
Jan 17,2025 A&D seals acquisition of Mr. Cooper unit, The move adds 250 professionals and 2,500 brokers
https://www.mpamag.com/us/specialty/wholesale/ad-seals-acquisition-of-mr-cooper-unit/521014
A&D's goal is to be an industry leader, and this transaction is a big step forward," said Max Slyusarchuk (pictured), CEO of A&D Mortgage.
The expanded portfolio now offers more than 20 mortgage programs, including agency, Government, jumbo, and non-QM loans, along with proprietary origination technologies designed to streamline processes.
According to A&D Mortgage chief operating officer Lana Izgarsheva, the alignment of values and expertise is a cornerstone of the deal.
“The deep expertise in the mortgage business, the high-tech culture, and most importantly, the core values of the team — these are things we are similar in. I think this is a great match,” she said.
Employees from Mr. Cooper’s wholesale and non-delegated divisions will have the opportunity to join A&D Mortgage as part of the transition. STRATMOR Group served as an advisor to A&D Mortgage during the deal.
A&D Mortgage is set to expand its reach and capabilities by acquiring the wholesale and non-delegated correspondent mortgage operations of Mr. Cooper Group Inc., a transaction expected to close by March 31, 2025.
The deal combines A&D Mortgage’s two decades of non-QM expertise with Mr. Cooper’s 35 years of conventional lending experience. It will bring 250 professionals and more than 2,500 broker partners into A&D Mortgage’s network, which already includes over 8,500 brokers.
In 2024, the combined entities funded over $10 billion in mortgage originations.
A&D's goal is to be an industry leader, and this transaction is a big step forward," said Max Slyusarchuk (pictured), CEO of A&D Mortgage.
The expanded portfolio now offers more than 20 mortgage programs, including agency, Government, jumbo, and non-QM loans, along with proprietary origination technologies designed to streamline processes.
According to A&D Mortgage chief operating officer Lana Izgarsheva, the alignment of values and expertise is a cornerstone of the
“The deep expertise in the mortgage business, the high-tech culture, and most importantly, the core values of the team — these are things we are similar in. I think this is a great match,” she said.
Employees from Mr. Cooper’s wholesale and non-delegated divisions will have the opportunity to join A&D Mortgage as part of the transition. STRATMOR Group served as an advisor to A&D Mortgage during the deal.
Also
https://nationalmortgageprofessional.com/news/ad-mortgage-buying-former-flagstar-tpo-channel-mr-cooper
The Non-QM pioneer fulfills agency dreams in purchase of legacy platform
Non-QM lender A&D Mortgage has entered a definitive agreement with Mr. Cooper Group to acquire the third-party origination (TPO) platform that Mr. Cooper Group acquired from Flagstar Bank last fall.
Adding these wholesale and non-delegated correspondent channels is expected to expand A&D’s pool of broker partners to 8,500 — and expand their originate-to-securitize model into the agency space.
Victor Kuznetsov, founder and managing partner of Imperial Fund Asset Management, A&D’s liquidity partner for 100% of its collateral, spoke with NMP about the deal after it was announced Thursday afternoon.
“First of all,” he explained, “I would say it is a 100% conventional platform." The acquisition will allow the company to expand the reach of its Non-QM products, while adding more conventional loan volume to the Fannie-Freddie business it already does.
“We’re going to teach our new employees our products, our Non-QM products, and they’re going to go and source these products through their broker networks,” he said. “For us, it’s a new channel to originate more Non-QM as well as conventional.”
In an wide-ranging interview with an NMP last October, A&D’s CFO, Andre Gunin, projected that the company’s loan volume would grow by 25-30% in 2025.
A month prior, A&D announced a joint venture with Atlas Merchant Capital, an asset management firm, to support the expansion of A&D’s then-$7 billion mortgage securitization platform by attracting more institutional investors to A&D’s securitizations.
The deal announced today marks a “a huge add-on to our platform because we’re ready technologically to increase our capacity of origination. We’re ready financing-wise,” Kuznetsov said. Through these liquidity partners, A&D has been raising a fund that it’s now looking to deploy into mortgage securities.
“We’re going to get a better geographic composition of our pool through this acquisition because the penetration of this acquisition is really large. It’s a big conventional platform. They have a bigger relationship with conventional brokers," Kuznetsov said.
“Our investors who buy our bonds are going to be happy that we are going to be able to slightly decrease the Florida concentration and increase concentrations in other states. It’s very, very beneficial for us,” he added.
As of September 2024, the company had originated over $10 billion in loan volume since 2020, while managing a servicing portfolio exceeding $8 billion. In today’s announcement, A&D’s chief operating officer, Lana Izgarsheva, said, “It took almost three years of screening candidates and finally we found what we were looking for,” resulting in the purchase of this particular TPO platform.
What made the acquisition of this platform appealing according to Kuznetsov, was A&D’s understanding that Mr. Cooper was never as interested in the origination platform as it was in the mortgage servicing rights (MSRs) that it acquired from Flagstar Bank last fall.
“It was not that hard to acquire,” he said, calling the negotiation “nice and polite. It took us a limited amount of time to finalize the deal, seal the deal, and make it happen.” Kuznetsov says the negotiations began at the end of last year.
“We’re getting good people, we’re getting good employees, we’re getting good management teams, and we’re getting bigger conventional volumes,” he added, which Izgarsheva echoed in the press release.
“The deep expertise in the mortgage business, the high-tech culture, and most importantly, the core values of the team — these are things we are similar in,” she said.
“We took a very careful and measured approach to finding a potential partner to grow our QM business,” said Max Slyusarchuk, CEO of A&D Mortgage, in the announcement. “A&D’s goal is to be an industry leader, and this transaction is a big step forward.”
Mr. Cooper Group did not immediately respond to a request for comment.
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