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
Another Month, Another Reduction in Mortgage Jobs. Home Point Trims Staff… September 2, 2022 Paul Muolo For the cycle, mortgage banking employment peaked in June 2021 at 297,600 positions...Read More
Expanded-Credit Lending Holds Up in Tough 2Q22 September 2, 2022 Brandon Ivey Top-ranked Citibank nearly doubled its expanded-credit production from the first to second quarter...Read More
Measuring Nonbank Health by Stock and Debt September 2, 2022 Paul Muolo Of the six companies new to the public market, two are trading under $2.00 a share, two others are trading under $4.00...Read More
DOJ Wades Into FDIC Board Dispute on M&A Regulatory Matter September 2, 2022 Sam Manas CFPB's Rohit Chopra and two fellow FDIC board Democrats voted to issue a request for information on bank merger regulations...Read More
Rocket CEO Farner Keeps Buying Shares September 1, 2022 Paul Muolo Farner directly owns 3.87 million shares of Rocket’s common...Read More
FHFA Sets Comprehensive Review of FHLB System. A Key Issue: Membership September 1, 2022 Sam Manas Bottom line: nonbanks would love to be members of the system...Read More
CFPB Plan to Regulate Customer Service Draws Criticism September 1, 2022 Sam Manas The CFPB made inquiries regarding how customer service representatives are evaluated and compensated...Read More
Loan Originators Settle Insider Trading Case Tied to Equifax Shares September 1, 2022 Brandon Ivey As part of the settlement, the Palmers did not admit to any wrongdoing...Read More
Signs of Improvement in Non-QM Pricing? Sort Of... August 31, 2022 Paul Muolo Some shops are reporting an improvement of sorts, but no one’s popping champagne.Read More
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