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UWM Chief Sees More Pain Ahead for Originators

November 10, 2022
Paul Muolo
For home lenders, the difficulties will continue...
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Huge Layoffs for loanDepot and the Risks Involved

November 10, 2022
Paul Muolo
loanDepot's CEO is Frank Martell, an industry veteran who has a reputation as a fierce cost cutter...
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CFPB Guidance: Lax Data Security Could Be an Unfair Practice

November 10, 2022
Sam Manas
The new guidance suggests any firm not using cost-efficient data security measures will be risking substantial injury...
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UWM Chief Sees More Pain Ahead for Lenders

November 10, 2022
Paul Muolo
Mat Ishbia’s UWM now has bragging rights to being the largest home lender in the land. His view on the market: up to 15 more months of tough sledding. As for profit margins, he may have to drive them lower.
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As Home Prices Begin to Level, GSE Profits Nosedive

November 10, 2022
Dennis Hollier
After profiting from soaring home prices the past two years, Fannie and Freddie now have to sock away money as residential values begin to decline.
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Jury Can't Reach a Verdict in Fairholme v. FHFA

November 10, 2022
Dennis Hollier
A deadlocked jury means the GSE shareholder lawsuit is probably destined for a new trial. But it will likely be in the same courtroom.
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Wells Fargo Is in the CFPB’s Crosshairs Again

November 10, 2022
Sam Manas
The lender is in talks with the Consumer Financial Protection Bureau to resolve several possible violations in its auto lending, mortgage lending and consumer deposit programs. Wells already holds the record for the highest fine issued in connection with a CFPB enforcement action.
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Up for Grabs: FoA’s $8.7 Billion MSR Portfolio?

November 10, 2022
Paul Muolo
It’s been a roller coaster ride for Finance of America and its shareholders. Rising rates have hammered its business lines and it’s anticipated the company will exit the MSR arena. FoA went public just over 18 months ago.
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Private MI Firms Plan for Ongoing Economic Volatility

November 10, 2022
Monica Hogan
Top executives from the nation’s private mortgage insurers say they’re monitoring volatility and preparing for an uptick in unemployment.
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Grapevine: The (NFL’s) Commanders: Mat or Matt? / More Retail Closings?

November 10, 2022
Paul Muolo
UWM’s CEO, a former college basketball player, is contemplating making a bid on the NFL Commanders franchise. Will it come to pass? Meanwhile, one large non-QM shop is ready to make retail cuts.
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