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loanDepot Secures Borrowing Facility with Bank of America

August 26, 2021
Paul Muolo
The credit line, in the form of a master repurchase agreement, was signed on Aug. 20 and expires Sept. 27.
Read More

The (Large) Servicer Delinquency Rate Falls to 4.56%

August 26, 2021
Brandon Ivey
Residential delinquencies declined across different buckets, led by borrowers who were more than 90 days past due...
Read More

Short Takes: Leveraging Cash for Non-QM Lending / AO’s REIT Trading in a Tight Range / Eye on Rates / Robust MSRs / Alterra Gets a New President

August 26, 2021
Paul Muolo and Brandon Ivey
Non-QM lender Angel Oak is looking to crank up originations...
Read More

The Final Tally: Nonbank Earnings Plummet as Margins Shrink in 2Q

August 25, 2021
John Bancroft
Nonbank earnings season is over. The bottom line: profits fell, but that was to be expected. The big question: Where do we go from here?
Read More

Home Point Hit With Multiple Downgrades by Fitch. MSRs May Be Sold

August 25, 2021
Paul Muolo
The nonbank is contemplating selling some of its MSRs...
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As Summer Comes to An End, Applications Rise

August 25, 2021
Paul Muolo
The FHA share of total applications increased to 11.0% of the pie compared to 9.4% the week prior...
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FHFA Directs FHLBs to Plan for Agency Prepayments

August 25, 2021
Brandon Ivey
In a recent advisory bulletin, the regulator directed the FHLBs to limit the size of their exposure to CMBS issued by Fannie Mae and Freddie Mac, and to ensure proper diversification of their portfolios.
Read More

Short Takes: Mortgage Discounts for Vaccine Recipients / Customers Sells Debt / Warehouse Lender Active in Crypto Market / What’s Riskier? / A Promotion at Deephaven

August 25, 2021
Brandon Ivey and Paul Muolo
Another warehouse lender active in the digital/crypto space is Silvergate Bank of California...
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Banks Change Course and Add Servicing-for-Others. However...

August 24, 2021
John Bancroft
Federally insured depositories reported $3.088 trillion of servicing-for-others at June 30, mostly representing loans residing in MBS trusts...
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Mr. Cooper Reveals Potential Stock Sales by Chairman/CEO

August 24, 2021
Paul Muolo
The 10b5-1 plan was designed to comply with SEC rules and the lender's insider trading policies and guidelines.
Read More
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Latest Imf News

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Featured Data

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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