Sprout Mortgage’s West Coast Team Finds a New Home September 7, 2022 Paul Muolo Sprout's owner presently is trying to sell his penthouse on Park Place in Manhattan for $26.5 million...Read More
Nonbanks Joining the FHLBs? No, Says ICBA September 7, 2022 Paul Muolo ICBA says it looks forward to working with regulators on FHLB policies. However...Read More
Down Sharply: Ginnie Mae Buyout Activity September 7, 2022 Monica Hogan The top three Ginnie Mae servicers ranked by loan removals: Freedom Mortgage, Lakeview, PennyMac Financial Services...Read More
Short Takes: Rocket Hikes Conforming Loan Limits for Brokers / A Drop in New Business / Texas Capital Selling Sub for $3.4B / The Top Three EC Shops / A New Hire for Blend September 7, 2022 Paul Muolo Rocket ups its game in wholesale...Read More
A Bright Spot Appears: The HECM Niche September 6, 2022 Refinances accounted for more than half the volume...Read More
Conventional FRMs Headed to 6% and Then Some? September 6, 2022 Paul Muolo BTIG: "Investors appear to be still feeling their way around the accelerated wind-down of the Fed's balance sheet"...Read More
Mixed Signals on Non-QM Impairments September 6, 2022 Brandon Ivey The impairment rate measures delinquent mortgages and modified loans...Read More
FHA Addresses Student Loan Debt Relief as It Applies to Mortgages September 6, 2022 If the credit report doesn’t show a current monthly payment of more than zero, more information might be needed...Read More
Short Takes: Getting Priced Out of California / A Focus on Affordable Housing / Headquartered in CA? / A 40-Year Loan / Bank-Nonbank M&A in Texas September 6, 2022 Paul Muolo Newrez rolls out a 40-year loan. Will others follow suit?Read More
Loan Withdrawals by Ginnie Servicers Plummet in 2Q22 September 2, 2022 Monica Hogan Following a boom in buyout activity of FHA and VA loans from Ginnie Mae pools in the first 18 months of the COVID-19 pandemic, loan removals continue to decline. (Includes data chart.)Read More
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