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Texas Depository Buys a $2.1 Billion Originator

January 5, 2022
Paul Muolo
TPP has several sister banks and is a subsidiary of Southwest Bancshares...
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ARM Production Increases, But Don't Get Too Excited...

January 5, 2022
Brandon Ivey
The top five ARM lenders through the first nine months of 2021: Bank of America, Chase, Wells Fargo, First Republic and Citigroup...
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CFPB’s Chopra Stresses the Battle Against AI and Lending Discrimination

January 5, 2022
Sam Manas
The CFPB believes technology, to some degree, can help remove bias, but black box underwriting algorithms are not necessarily creating a more level playing field...
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First Non-Agency MBS of 2022 Stocked with GSE-Eligible Loans

January 4, 2022
Brandon Ivey
Collateral from a variety of lenders will be included in the deal, led by Paramount Residential Mortgage with a 7.5% share.
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loanDepot Reaches Milestone on Developing Inhouse Servicing Platform

January 4, 2022
Paul Muolo
Ginnie Mae mortgages carry a servicing fee of 44 basis points. It can now keep that income all to itself, instead of sharing it with a subservicing vendor...
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Lenders, Trade Groups Favor NMLS Modernization Plan

January 4, 2022
Sam Manas
Freedom, the nation's seventh largest originator, said modernization needs a buy-in from all states.
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Mortgage Banking Results Mixed at Banks and Thrifts

January 4, 2022
John Bancroft
A significant factor was the entry of Western Alliance Bank into mortgage banking after its acquisition of nonbank AmeriHome Mortgage...
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Short Takes: Buy Low / Issuing More / Nothing to Like? / Ginnie Mae Subservicers, A Smallish Club

January 4, 2022
Paul Muolo and John Bancroft
Plenty of nonbanks have announced stock buyback programs over the past year...
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2022 Is Here. Time to Shine for Purchase-Money Lenders?

January 3, 2022
Paul Muolo
Squarely in the bullish camp: originators of non-qualified mortgages...
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FDIC Chair Hands In Resignation on New Year’s Eve After Dustup Over Governance

January 3, 2022
Sam Manas
The resignation, effective Feb. 4, will leave the FDIC board composed entirely of Democrats. It follows a highly visible — and unusual — partisan spat among board members.
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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