A Carnage in Mortgage Employment: 5,000 Jobs Disappear in a Month July 8, 2022 Paul Muolo Over the past few months, scores of originators have introduced reductions-in-force in an effort to rightsize their operations...Read More
Western Asset Tests Waters with New Non-QM MBS July 8, 2022 Brandon Ivey The MBS is stocked with loans originated amid the rising rate environment.Read More
Chamber of Commerce Hopes CFPB 'Sees the Error of Its Ways' July 8, 2022 Sam Manas In an interview with Inside Mortgage Finance this week, the Chamber didn't pull any punches...Read More
Warning Signs: The Collapses of FGMC, Maverick and Sprout July 8, 2022 Paul Muolo A former company executive said that not too long ago, Sprout owner Michael Strauss had designs on taking the lender public.Read More
Short Takes: loanDepot Founder: Remember the Alamo (Sort Of) / How Would Apple Hold Up in a 50% Downturn? / $1.69 a Share / Phoenix’s MSR Notice / FHA Offers Assistance to COVID-Affected Borrowers July 8, 2022 Monica Hogan and Paul Muolo loanDepot's top executive shows some emotion during a volume downturn, touching on honor and dignity...Read More
Just In: 2Q22 Agency Mortgage Tally Lowest Since Early 2019 July 7, 2022 John Bancroft The top three agency sellers in 2Q22: Rocket Mortgage, UWM and PennyMac Financial...Read More
Non-QM Lender Sprout Closes Its Doors July 7, 2022 Paul Muolo Sprout officials could not be reached for comment...Read More
GSEs and FHFA Focusing on Fourth-Party Risk July 7, 2022 Dennis Hollier Fourth-party risk? It's an issue for Fannie, Freddie and their regulator...Read More
MFA Offers Non-Agency MBS with Exceptionally Old Loans July 7, 2022 Brandon Ivey Loans in a new RPL MBS from MFA were originated in 2005, on average.Read More
Bank/Thrift Retail Originations Plummet July 6, 2022 Namrata Bhatia Virtually all the top banks posted dismal results...Read More
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