Better.com the Subject of an SEC Inquiry, Fintech Posted Large Loss in 1Q22 July 14, 2022 Paul Muolo and Brandon Ivey The fintech was sanctioned by Washington state for licensing and other violations...Read More
Lower 2Q22 Originations for JPM, a Nice Gain for Jumbo Specialist FRB July 14, 2022 Paul Muolo JPM is the first publicly traded bank or mortgage company to report 2Q22 results.Read More
Gordon: FHA Faces Challenges with Potential MIP Cut July 14, 2022 Brandon Ivey Cutting premiums isn't as easy as one might think...Read More
A Ratings Upgrade for Fannie and Freddie July 14, 2022 Dennis Hollier The upgrade piggybacks on Fitch’s recent revision of its ratings outlook for Uncle Sam and his IDRs...Read More
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
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