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What’s Left at FoA? MSRs and Shrinking Production

October 20, 2022
Paul Muolo
It’s been tough sledding for Finance of America this year but it has plenty of company. Then again, the shop is under extra scrutiny since it was once the property of The Blackstone Group.
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Analysts: Nonbank Mortgage Market Ripe for M&A Now

October 20, 2022
Monica Hogan
A perfect storm in the mortgage market could spur industry consolidation in the next year, according to a recent Keefe, Bruyette & Woods report.
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CSBS Confident NMLS Renewals Will Be Smooth This Year

October 20, 2022
Sam Manas
CSBS hopes to avoid a repetition of NMLS license renewal issues that plagued mortgage loan originators last year.
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Grapevine: The Changing of the Mortgage Guard at Truist

October 20, 2022
Paul Muolo
A top executive in Truist’s mortgage department is moving on. Meanwhile, insiders at loanDepot keep selling shares. In a few weeks, the nonbank will release 3Q results. Should we read something into the selling?
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FHA Share Grew in 3Q22 Agency Purchase Lending

October 20, 2022
John Bancroft
Meanwhile, UWM ranked as the top GSE seller of home loans with private MI coverage at the end of the third quarter.
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CFPB Loses Legal Battle (for Now) Over Its Funding

October 20, 2022
Sam Manas
Ian Katz, managing director of research firm Capital Alpha, believes the case likely will be appealed to the full Fifth Circuit.
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Seven (Banking) Bellwethers Report 3Q Originations. The Verdict?

October 20, 2022
Paul Muolo
The big question on the minds of many is just how good or bad the nation’s nonbanks performed in 3Q...
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PE-Backed Marlin Strikes a Deal for LoanFront

October 20, 2022
Paul Muolo
Marlin also has its eye on correspondent lending...
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Short Takes: Prepping for Branch Closures / Would You Like to Keep the Copier? / A Stronger Profit for Texas Capital / Coming Soon: loanDepot’s 3Q22 Results

October 20, 2022
Paul Muolo
Finance of America is preparing to close retail branches outright...
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Ally’s Investment in Better.com Mars 3Q Earnings

October 19, 2022
Paul Muolo
On Tuesday, Ally filed notice that the depository’s CFO, Jennifer LeClair, had stepped down effective immediately.
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