Ginnie Issuance Off Again in November, Freedom’s Activity Plunges 59% December 14, 2022 Monica Hogan and Paul Muolo Planet Home Lending issued $1.9 billion in Ginnies, ranking fourth overall...Read More
loanDepot’s CIO Keeps Selling Shares in the Company December 14, 2022 Paul Muolo loanDepot's management team predicted that originations could fall to between $4.0 billion and $7.0 billion in 4Q22...Read More
Angel Oak (the REIT) Standing Pat (for Now) December 14, 2022 Paul Muolo A spokesman for the REIT said that for the time being there are no plans to sell any whole loans...Read More
Short Takes: CDFIs in a Sweet Spot? / Weathering the Storm / An Increase in Applications / Partnering on Non-QMs / A Mortgage Promotion at NexBank December 14, 2022 Paul Muolo and Namrata Bhatia The rating agency says CDFIs are “well positioned" to face the coming headwinds...Read More
CFPB Proposes Nonbank Court, Agency Order Registry December 13, 2022 Sam Manas The bureau wants to publish the final orders against an offender in an online registry.Read More
SitusAMC Vice Chairman Set to Retire at Yearend December 13, 2022 Paul Muolo Cronin served for 16 years on the board of the Mortgage Bankers Association.Read More
Short Takes: Under Pressure, Blend Chief Sells Shares / More to Come? / Making Money? / Inflation and the DJIA / Silvergate Keeps Sinking December 13, 2022 Paul Muolo Headed south: Silvergate's share price...Read More
Expanded-Credit Lending Tries to Regroup in a Topsy-Turvey 3Q22 December 12, 2022 John Bancroft The top three ECM originators through the first nine months of 2022: Citibank, Angel Oak Lending and Guaranteed Rate...Read More
Short Takes: Less Competition for UWM / The Second-Largest Bank Wholesaler / A New (Seasoned) MBS From Verus / Carrington’s Second Lien Effort December 12, 2022 Paul Muolo, Namrata Bhatia, and Andras Malatinszky Will more depositories abandon the wholesale channel?Read More
Non-QM Expertise Critical For Lenders to Thrive in 2023 December 9, 2022 Namrata Bhatia If lenders want to set themselves apart in an increasingly competitive purchase market, they will have to become experts in the non-QM space, according to officials at Deephaven Mortgage.Read More
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