Short Takes: 4,000 Mortgage Jobs Disappear / Brokers Hiring? / LO to Broker? / loanDepot Trims Funding Lines / A New CTO for Xome October 7, 2022 Paul Muolo It appears that loan brokerage firms added jobs...Read More
Agency MBS Issuance Took It On the Chin in 3Q22 October 6, 2022 John Bancroft Rocket and UWM ranked first and second, respectively, in terms of MBS issuance through the first nine months of 2022.Read More
loanDepot Sharpens the Cost-Cutting Knife, Eliminates 401(k) Matches October 6, 2022 Paul Muolo Cutting the 401(k) match will not be good for morale, one former loanDepot manager warned... Read More
Many Florida Properties in New Expanded-Credit MBS from Verus October 6, 2022 Brandon Ivey Nearly 16% of the properties in the EC MBS are in Florida...Read More
Non-QM REIT Lines Up New Borrowing Authority October 6, 2022 Paul Muolo The interest rate spread is 350 basis points over the one-month SOFR...Read More
Short Takes: A Rate Decline / loanDepot’s Digital HELOC / Working at Home? / Takeover Bait? / Ginnie MSRs Available October 6, 2022 Paul Muolo One investment banker described loanDepot as "takeover bait"...Read More
FHA Cash-Out Refi Share Spikes to 82% October 5, 2022 John Bancroft Some 47,195 endorsements for cash-out deals were recorded by FHA in 2Q22...Read More
Applications Off 14%, a 31% Plunge in Hurricane-Ravaged Florida October 5, 2022 Paul Muolo There's no way to put lipstick on the origination carnage...Read More
UWM Discloses $1.5 Billion MSR Facility With Citi October 5, 2022 Paul Muolo A good time to accumulate MSRs? UWM increases borrowing line...Read More
CFPB Considers Revisions to QM Standards, Servicing Practices October 5, 2022 Brandon Ivey The RFI also focuses on potential changes to servicing practices...Read More
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