Seven (Banking) Bellwethers Report 3Q Originations. The Verdict? October 20, 2022 Paul Muolo The big question on the minds of many is just how good or bad the nation’s nonbanks performed in 3Q...Read More
PE-Backed Marlin Strikes a Deal for LoanFront October 20, 2022 Paul Muolo Marlin also has its eye on correspondent lending...Read More
Short Takes: Prepping for Branch Closures / Would You Like to Keep the Copier? / A Stronger Profit for Texas Capital / Coming Soon: loanDepot’s 3Q22 Results October 20, 2022 Paul Muolo Finance of America is preparing to close retail branches outright...Read More
Ally’s Investment in Better.com Mars 3Q Earnings October 19, 2022 Paul Muolo On Tuesday, Ally filed notice that the depository’s CFO, Jennifer LeClair, had stepped down effective immediately.Read More
ABS East Coverage: Non-QM Players Expect ‘Pain’ to Last a While October 19, 2022 Brandon Ivey Angel Oak believes non-QM originations and demand from MBS investors will be suppressed through mid-2023...Read More
CFPB Reminds Borrowers of Their Right to Reconsideration October 19, 2022 Sam Manas Lenders that do not have a clear and consistent ROV process risk violating federal law...Read More
Despite Closure, Sprout Mortgage Still Active in the Secondary Market October 19, 2022 Paul Muolo Meanwhile, Sprout was recently sued by a subsidiary of title insurance giant First American Financial Corporation...Read More
Home Price Depreciation Top of Mind for MBS Investors October 18, 2022 Brandon Ivey After years of soaring home price appreciation, MBS investors are concerned about a downside...Read More
Fitch Hits Finance of America With a Downgrade. What’s Left? October 18, 2022 Paul Muolo FoA's MSR assets are rapidly dwindling...Read More
Prime Non-Agency MBS Issuance Craters in 3Q22 October 18, 2022 Brandon Ivey Lenders are still originating plenty of mortgages that back prime non-agency MBS — it’s just that the loans are residing elsewhere...Read More
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