Major Cutbacks at PIMCO-Owned FGMC June 27, 2022 Paul Muolo Up until recently, PIMCO was an active buyer of non-QM loans...Read More
Ginnie Chief Worries About the Health of Home Lenders June 27, 2022 Monica Hogan McCargo's biggest worry: the state of the mortgage lending ecosystem...Read More
Dodd Named President and CEO at CoreLogic June 27, 2022 Monica Hogan CoreLogic changed hands last year...Read More
Short Takes: A Mortgage RIF at JPM? / WARN What? / Bidding on MSRs / A New Jumbo Deal / Greystone Hires FRB Banker as New CEO June 27, 2022 Paul Muolo JPM is working on a new jumbo MBS deal with loans supplied by UWM...Read More
Sources: PIMCO Pulls Support for Non-QM Lender FGMC June 24, 2022 Paul Muolo Launched 30 years ago, FGMC is licensed in 49 states and the District of Columbia.Read More
A Nice Gain for Second-Lien Lending, but Outstandings Shrink June 24, 2022 Paul Muolo Wells Fargo once again ranked first in this specialty niche...Read More
Mortgage Company Bonds Come Under Pressure June 24, 2022 Paul Muolo Some of loanDepot's bonds have been trading for as low as 67 cents on the dollar...Read More
Another Run at the QM Rule? June 24, 2022 Sam Manas In April 2021, the CFPB extended the mandatory compliance date for its general QM rule to October 2022...Read More
MBS/ABS Investment Down In BHC Trading Accounts June 24, 2022 John Bancroft Banks’ trading account assets are reported at fair value. When rates increase, MBS suffer value declines.Read More
Depositories Nibble at Nonbank Share of Mortgage Lending June 23, 2022 John Bancroft Nonbanks experienced a 27.8% decline...Read More
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