As Nonbanks Falter, Warehouse Giant Texas Capital Works to Diversify April 21, 2022 Brandon Ivey Previously, Texas Capital executives estimated the bank's mortgage finance volume would decline at a rate in the “high teens” this year, but now they're projecting a “mid-30%” decline.Read More
Private Mortgage Insurers Gain Share in Crumbling Agency Market April 21, 2022 John Bancroft The FHA saw a steep 21.1% decline in volume, while the VA posted an 18.4% decline from the fourth quarter...Read More
The Compensation Package for a CEO Whose Company Lost $1.3B in 4Q: $19.1 Million April 21, 2022 Paul Muolo FoA lost $1.34 billion in the fourth quarter after booking a large goodwill impairment...Read More
M&A Talk Heats Up, CrossCountry a Buyer? April 21, 2022 Paul Muolo Dealmakers like Jeff Levine, Chuck Klein and David Schneider should have a busy year...Read More
GSE Investment-Property Volume Holds Up Fairly Well in 1Q22 April 20, 2022 Brandon Ivey Noncore products entail collateral that might be handled by the non-agency market...Read More
A 44% Raise for Ocwen CEO Messina April 20, 2022 Paul Muolo In 2021, Ocwen earned $18.1 million on revenue of $1.05 billion...Read More
Court Dismisses Selected Claims in Angel Oak LO Lawsuit April 20, 2022 Brandon Ivey Overall, Angel Oak made nine claims against the LOs and LendSure...Read More
MBS Trading Sinks to Yearly Low April 20, 2022 Paul Muolo It’s not just that rates have increased, it’s that it’s happened so rapidly over such a short period of time...Read More
Short Takes: When People Never Sell Their Homes… / Good News, Bad News / A Probe of Troubled Issuers / Ally Expands / A Decline in Applications April 20, 2022 Paul Muolo Ally Bank, an investor in Better,com, is expanding its presence in residential finance...Read More
Yet More Layoffs at Better.com, Nation’s 17th Largest Lender April 19, 2022 Paul Muolo The New York-based Better.com had hoped to become a public company at yearend 2021 via a SPAC maneuver...Read More
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