As the Cost-Reduction Hatchet Swings, Another Mortgage CEO Vows No Layoffs July 13, 2022 Paul Muolo CEO Cal Haupt says his employees are family, "Not the media version stated by others."Read More
Ellington Continues Steady Issuance of Expanded-Credit MBS July 13, 2022 Brandon Ivey The $346 million MBS is the third expanded-credit deal from Ellington this year...Read More
MBS Issuance Down Sharply in 2Q22, ABS Gains July 13, 2022 John Bancroft Most of the civilized world saw the refi slump coming, but the GSEs posted a 3.7% drop in purchase-mortgage business...Read More
California Nonbank Settles FHA Fraud Charges July 13, 2022 Monica Hogan The whistleblower will receive $228,172 of the settlement proceeds...Read More
A Major Blood-Letting at loanDepot. Planned Layoffs of 2,000... July 12, 2022 Paul Muolo loanDepot is also the 15th largest owner of MSRs, according to Inside Mortgage Finance...Read More
Ginnie Issuance Declines Even as Purchase Mortgages Gain July 12, 2022 Monica Hogan The top-ranked Ginnie MBS issuer in 2Q22 was PennyMac Financial...Read More
A Sign of Strength in Jumbos? July 12, 2022 Brandon Ivey Purchase mortgages accounted for nearly 60% of jumbos in March...Read More
Fannie/Freddie Exposure to New Fee on Commingled Securities Differs July 12, 2022 Dennis Hollier Fannie and Freddie have very different levels of exposure to uniform MBS issued by the other...Read More
Non-Agency MBS Issuance Down Sharply in 2Q22 July 11, 2022 Brandon Ivey Spreads on ECM deals priced in May were near levels last seen in the early days of the pandemic...Read More
MSRs in the Spotlight as Earnings Season Approaches July 11, 2022 Paul Muolo Overall, the servicing business is good, very good, most will agree...Read More
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