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Some Publicly Traded Lenders Move to Cut Costs

December 3, 2021
Paul Muolo
Personnel costs are something to keep an eye on in the waning months of the largest refi boom ever...
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GR’s $2 Billion-a-Year Loan Officer. How He Did It…

December 3, 2021
Sam Manas
One consultant estimated that Banosian must have a team of at least 200 people around him...
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Due Diligence Behemoth SitusAMC Rumored for Sale

December 2, 2021
Paul Muolo
Roughly two years ago, a Canadian pension fund bought into SitusAMC. Now, rumors are circulating the entire firm might be up for grabs.
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Servicers Urge Ginnie to Lift RPL Pooling Restrictions

December 2, 2021
Monica Hogan
The Mortgage Bankers Association and the Housing Policy Council are calling on Ginnie Mae to end temporary pooling restrictions imposed on reperforming loans during the pandemic.
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Federal Reserve to Consider Speeding Up MBS Taper

December 2, 2021
Dennis Hollier
Federal Reserve Chair Jerome Powell says inflation has been high enough long enough to warrant a quicker reduction in the central bank’s MBS purchases. Time for mortgage bankers to worry?
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GSEs Continue to Shed Nonperforming Loans

December 2, 2021
Dennis Hollier
The latest NPL sales at Fannie and Freddie add to the more than 130,000 of these loans they’ve unloaded from their portfolios since 2014.
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On the Rise and Gaining Ground: Purchase Lending

December 2, 2021
The top three purchase lenders through the first nine months of 2021: PennyMac, Wells Fargo and UWM...
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More Trouble for Public-Bound Better.com: A Large Layoff

December 2, 2021
Paul Muolo
Better has an “implied equity value” of $6.9 billion. By comparison, PennyMac, the nation’s second largest originator, has a market capitalization rate of $4.01 billion.
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Fannie Goes Inhouse and Names a New CFO

December 2, 2021
Dennis Hollier
Controller Chryssa Halley to run financial team at the mortgage giant.
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FHFA Sets 2022 Conforming Loan Limits 18% Higher

December 2, 2021
Dennis Hollier
The unprecedented increase has FHFA leadership thinking about the relationship between the conforming loan limits and home price appreciation.
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