Subservicing a Solid Option. However... December 2, 2022 John Bancroft “Now delinquencies are low,” said one executive, “but we think that in about two years it will be different.”Read More
Short Takes: Brokers Face the Layoff Ax Too / Wells Won’t Say / UWM’s Ishbia: Cut the FHA MIP Now / More Repo (Warehouse) Lines Reduced December 2, 2022 Paul Muolo and Monica Hogan A Wells spokesman would not provide specifics on the mortgage layoffs...Read More
An Increase in Purchase Lending? That's Correct December 1, 2022 John Bancroft The top three purchase lenders through the first nine months of 2022: UWM, Wells Fargo and PennyMac Financial...Read More
FDIC-Insured Crypto Lender Pulls the Plug on Warehouse Finance December 1, 2022 Paul Muolo Sources told Inside Mortgage Finance that Silvergate is transferring its warehouse business to another bank...Read More
CHLA Asks FHA, FHFA to Intervene on Costs of Credit Reports December 1, 2022 Monica Hogan Trade group President Taylor Stork said the reasoning behind the price increases have been shrouded in secrecy...Read More
Mr. Cooper Chief Cashes In Some of His Holdings December 1, 2022 Paul Muolo Mr. Cooper's share price has held up reasonably well compared to most of its nonbank peers...Read More
Short Takes: More on Freedom and the WARN Act / A Large Production Decline / RML’s Creditors Include Texas Capital / Layoffs at Envoy / Contemplating the 10-Year December 1, 2022 Paul Muolo A warehouse provider and LendingTree are among the reverse lender's creditors...Read More
Credit Problems on Private-Money Loans? Not Yet November 30, 2022 Paul Muolo At Sept. 30, FCI subserviced $16.9 billion of loans for others.Read More
A Contrarian Idea: Commercial Lender Enters the Non-QM Arena November 30, 2022 Namrata Bhatia Stronghill will focus on non-QMs, non-agency jumbos and loans for investment purposes.Read More
A Tough Row to Hoe for Better.com November 30, 2022 Paul Muolo A historic correction in originations has marred Better's SPAC plans...Read More
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