A Nice Pay Raise for Sachem’s Chairman and CEO June 23, 2022 Paul Muolo Sachem, which is a REIT, earned $4.35 million in the first quarter compared to $2.18 million in 4Q21.Read More
Mortgage Brokers Take it on the (Conventional-Conforming) Chin in 1Q22 June 22, 2022 Brandon Ivey The largest table-funder of loan brokers is United Wholesale Mortgage...Read More
A $5B-a-Year Lender Sold to Fintech Firm June 22, 2022 Paul Muolo Hamilton is led by industry veterans Pat Sheehy and Mark Korell...Read More
More Turbulence for Non-QM Whole Loans? June 22, 2022 Paul Muolo A federally insured bank that had been buying non-QMs on a correspondent basis last month shut its window.Read More
Fannie, Freddie Impose Fees on Certain Resecuritizations June 22, 2022 Dennis Hollier The motivation for the fee is still somewhat fuzzy...Read More
Trouble Ahead? Seller Repurchases of Fannie/Freddie Loans Spike June 21, 2022 John Bancroft It marks the first time quarterly repurchases topped the $1 billion mark since the second quarter of 2014.Read More
Private Equity Finds Gold in MSR Investments June 21, 2022 Paul Muolo A trust-worthy asset class, at least for now: mortgage servicing rights...Read More
Is There a Role for the CFPB in Bank Mergers? (Perish the Thought) June 21, 2022 Sam Manas The ABA said that although a review of existing banking guidelines are vital, there are already rules for evaluating mergers...Read More
Warehouse Usage Rates Crater as Nonbanks Suffer June 17, 2022 The commitment numbers hardly seem awful but the real damage is in the usage rates...Read More
The Fed Increases Its MBS Holdings. Huh? June 17, 2022 The central bank is unique in that it reports MBS holdings based on the unpaid principal balance of the securities it owns...Read More
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