As Business Dips, A Period of Transition for Warehouse Lenders December 12, 2022 Paul Muolo It’s not so much that commitment levels are down, but usage rates are tumbling...Read More
In an Impossible Market for SPACs, Mike Cagney Attempts One December 12, 2022 Paul Muolo SPACs, in particular, have been hammered during the stock market downturn of the past year...Read More
Short Takes: Less Competition for UWM / The Second-Largest Bank Wholesaler / A New (Seasoned) MBS From Verus / Carrington’s Second Lien Effort December 12, 2022 Paul Muolo, Namrata Bhatia, and Andras Malatinszky Will more depositories abandon the wholesale channel?Read More
NYDFS Uncovers Racial Lending Disparities but No Fair Lending Law Violations December 9, 2022 Sam Manas The New York regulator has ongoing investigations into other lenders in Buffalo, Rochester, Syracuse and Long Island.Read More
November MBS Gloom: Ginnie Outdoes the GSEs Yet Again December 9, 2022 John Bancroft Purchase-money mortgages accounted for 79.3% of November issuance...Read More
When It Comes to Mortgage M&A, ‘Asset Sales’ Dominate December 9, 2022 Paul Muolo “There’s been a lot of conversations going on,” said Chuck Klein, managing partner of Mortgage Banking Solutions...Read More
With Prepayment Maneuver, 83% of Invitation’s SFRs Are Unencumbered December 9, 2022 Paul Muolo Invitation Homes owns roughly 80,000 SFRs throughout the U.S.Read More
CFPB Goes Local, Starts Sharing Complaint Data with the States December 9, 2022 Sam Manas The initiative provides local governments with expanded access to the CFPB’s complaint database...Read More
Atlanta Nonbank Denies Margin Call Allegation December 8, 2022 Paul Muolo The lawsuit was filed in U.S. District Court for the Southern District of Florida, but then dismissed without prejudice.Read More
Penalties Paid to the CFPB Almost Triple December 8, 2022 Sam Manas The bureau spent $378.0 million on salary and benefits in 2022...Read More
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