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Grapevine: A Correction for F&F? / The Return of Bill Dallas?

December 15, 2022
Paul Muolo
Fewer fix-and-flip home sales are occurring these days, a negative sign for this once white-hot sector. What's more, the profit per transaction dropped to $62,000 in the third quarter. Meanwhile, remember industry veteran Bill Dallas? He may be returning to the mortgage industry for one more rodeo.
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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...
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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...
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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...
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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...
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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...
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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...
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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
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