CrossCountry Circling Angel Oak’s Branches November 11, 2022 Paul Muolo Among originators, CrossCountry ranks 19th overall, according to Inside Mortgage Finance...Read More
FHFA Lowers Multifamily Loan Caps for Fannie and Freddie November 11, 2022 Dennis Hollier The regulator's move anticipates declining volume in the multifamily market, but expands support for workforce housing.Read More
Jumbo Market Clobbered in 3Q... November 10, 2022 John Bancroft Most of the top lenders in conventional/conforming recorded hefty declines, with one huge exception...Read More
Non-QM Giant Angel Oak Exits Retail, Will Focus on TPO November 10, 2022 Earlier in the week, sources informed Inside Mortgage Finance that Angel Oak was about to make a change regarding retail...Read More
UWM Chief Sees More Pain Ahead for Originators November 10, 2022 Paul Muolo For home lenders, the difficulties will continue...Read More
Huge Layoffs for loanDepot and the Risks Involved November 10, 2022 Paul Muolo loanDepot's CEO is Frank Martell, an industry veteran who has a reputation as a fierce cost cutter...Read More
CFPB Guidance: Lax Data Security Could Be an Unfair Practice November 10, 2022 Sam Manas The new guidance suggests any firm not using cost-efficient data security measures will be risking substantial injury...Read More
Fannie/Freddie CRT Issuance Plummets in 3Q22 November 9, 2022 Dennis Hollier The 58.2% sequential decline in aggregate CRT issuance was the sharpest decline since the start of the pandemic...Read More
loanDepot Says 4Q Lending Could Fall to Just $4 Billion November 9, 2022 Paul Muolo CEO Frank Martell: "We are excited about the launch of our digital HELOC"...Read More
Another Earnings Bloodbath for Finance of America November 9, 2022 Paul Muolo FoA is down to $169 million of cash and cash equivalents...Read More
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