It’s a Go: NYCB’s Reverse Stock Split Set July 3, 2024 Paul Muolo Presently, there are two nonbank mortgage stocks in the throes of a reverse stock split: Better and FoA...Read More
JPM Stays Mum on Fate of Flagstar's Warehouse Staff July 1, 2024 Paul Muolo As one consultant put it, “We hope they all survive. They’ve been a great team.”Read More
Some Uncertainty on Warehouse Financing for Nonbanks June 12, 2024 Paul Muolo The big question, according to some of JPMorgan's warehouse competitors, is how many of Flagstar's customers will stay with the megabank.Read More
Alabama Nonbank Files for Bankruptcy June 4, 2024 Paul Muolo Flagstar, which recently sold a chunk of its warehouse business to JPMorgan Chase, is one of Hometown's largest creditors...Read More
NYCB Selling Flagstar’s Warehouse Loans to Chase May 15, 2024 Paul Muolo The sale effectively takes Flagstar out of the warehouse lending arena.Read More
Part of Texas Capital's Warehouse Lawsuit Against GNMA Can Proceed April 15, 2024 Monica Hogan In January, Ginnie filed a motion to dismiss Texas Capital's lawsuit, but...Read More
City National Throws Down Its Marker on MSR Loans April 8, 2024 Paul Muolo A rebound could be afoot for MSR loans...Read More
Warehouse Commitments to IMBs Keep Falling March 18, 2024 Paul Muolo Usage rates have been weak, but are increasing as the spring homebuying season gets underway...Read More
Cash Infusion, New Leadership at NYCB March 7, 2024 Brandon Ivey New York Community Bancorp has its third CEO in less than two weeks.Read More
A Change in FoA’s Borrowing Facility February 5, 2024 Paul Muolo In a few months, Finance of America will be paying 15% on one of its borrowing lines...Read More
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