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Wells Fargo Settles LO ‘Wage Theft’ Lawsuit

March 26, 2021
Lisa Burden

The plaintiffs charged that Wells did not pay loan officers for non-sales work, such as mandatory meetings, training and coaching sessions...


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A Blowout 1Q21? Originators Preview Strong Production. However…

March 26, 2021

“Volume is holding up pretty strong,” said Bill Lowman, CEO of American Pacific Mortgage, Roseville, CA.


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Flow Deal Could Net Buyer $1.2 Billion of MSRs

March 26, 2021
Paul Muolo

The MSR totals are based on February loan production by this particular seller...


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LoanDepot Quickly Hikes Private Debt Offering

March 25, 2021
Paul Muolo
Although rates have been rising, nonbank MBS issuer loanDepot this week took a trip to the corporate debt well, offering seven-year paper.
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Grapevine: Rocket, UWM and the Ginnie EBO Arena; $6 Billion on Marketing?

March 25, 2021
Paul Muolo
If you want to be a player in Ginnie Mae early buyouts, you’ll need cash, lots of it. But is the window starting to close?
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As 1Q21 Draws to a Close, the Origination Champagne Keeps Flowing

March 25, 2021
Paul Muolo
The production tsunami continued apace in the first quarter but there’s evidence the waves are dying down.
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Grapevine: Acra Eyes Retail; Free Overnight Borrowings?

March 25, 2021
Paul Muolo
Changes are afoot at Acra Lending, which helped revive the nonprime sector early last decade. On the to-do list: a retail shift and a partnership with ServiceMac.
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Fairway CEO Critical of UWM Broker Contract

March 25, 2021
Maria Volkova

At issue: the freedom of loan brokers under UWM's operating contract...


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The Skunk at the 2020 Origination Party: Seconds

March 25, 2021
John Bancroft

The slope also remained slippery for home-equity debt outstanding. The Federal Reserve reported $441.6 billion of home-equity loans outstanding at the end of 2020, an 11.9% drop from the previous year.


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UWM Shares Under Pressure Early After Stock Notice

March 25, 2021
Paul Muolo
UWM's share price isn't too far from its 52-week low...
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