Mortgage Bankers Get Pink Slips, Brokerage Employment Almost Flat December 3, 2021 Paul Muolo The loan brokerage sector fared a bit better with layoffs of just 200 workers...Read More
Some Publicly Traded Lenders Move to Cut Costs December 3, 2021 Paul Muolo Personnel costs are something to keep an eye on in the waning months of the largest refi boom ever...Read More
GR’s $2 Billion-a-Year Loan Officer. How He Did It… December 3, 2021 Sam Manas One consultant estimated that Banosian must have a team of at least 200 people around him...Read More
On the Rise and Gaining Ground: Purchase Lending December 2, 2021 The top three purchase lenders through the first nine months of 2021: PennyMac, Wells Fargo and UWM...Read More
More Trouble for Public-Bound Better.com: A Large Layoff December 2, 2021 Paul Muolo Better has an “implied equity value” of $6.9 billion. By comparison, PennyMac, the nation’s second largest originator, has a market capitalization rate of $4.01 billion.Read More
United Wholesale Rolls Out Non-QM Product December 2, 2021 Brandon Ivey While IOs are non-QMs, UWM isn’t necessarily going down the credit scale...Read More
Fannie Goes Inhouse and Names a New CFO December 2, 2021 Dennis Hollier Controller Chryssa Halley to run financial team at the mortgage giant.Read More
Mr. Cooper Feeling a Bit More Bullish About 4Q21. EBOs Help… December 1, 2021 Paul Muolo Mr. Cooper also revealed the sale of its reverse unit should close by Dec. 31...Read More
Lenders Eye Non-QMs as a Replacement for Refi Business December 1, 2021 Brandon Ivey A&D Mortgage: “With conventional rates on the rise again, now is a perfect time to reconsider non-QMs"...Read More
A Credit Union Joins the Warehouse Lending Club December 1, 2021 Paul Muolo So, what’s PenFed doing in the warehouse — and correspondent — business?Read More
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