Cardinal Financial/Sebonic in Talks With Peoples Home Equity? June 11, 2018 Paul Muolo Earlier in the decade, Sebonic was started by former employees of RoundPoint Financial...Read More
Pittsburgh Bank Agrees to Sell its Consumer Finance Unit June 11, 2018 Paul Muolo Besides selling RFC, the publicly traded FNB is consolidating 20 of its branches in a cost cutting move.Read More
MBS and ABS Issuers Taking Steps to Address Move Away from LIBOR June 11, 2018 Brandon Ivey The banks that report rates that form the basis of LIBOR won’t be required to participate in the survey after 2021…Read More
Short Takes: Celebrity Wants to be a Player in Mortgage M&A / Commercial Bank Seeks Mortgage Company / Garrett on LO Pay / Genworth Sale Clears a Hurdle / Wells Fargo LO Bolts for Nonbank June 11, 2018 Paul Muolo Consultant Joe Garrett: "Salesmen don’t get paid less just because the company didn’t do well..."Read More
On the Rise Again: Agency Single-Family MBS Issuance June 8, 2018 John Bancroft All three agencies saw gains from April volume with Fannie posting the biggest increase…Read More
Don’t Worry, Nothing Will Derail the GSE Single-Security Project June 8, 2018 John Bancroft Treasury counselor Craig Phillips advised meeting participants to assure their bosses and government affairs offices that Treasury is fully committed to the project. “If you have problems, tell them to call me,” he quipped.Read More
GenEquity Mortgage in Texas Closes Down June 8, 2018 Paul Muolo At press time, it was unclear why GenEquity Mortgage closed its doors…Read More
So Much Home Equity, But Not Much Lending. Reason: Tight Underwriting June 8, 2018 Brandon Ivey Home equity outstanding hit a peak of $13.43 trillion in the first quarter of 2006 then tumbled during the financial crisis...Read More
What We’re Hearing: Time to Enter the Non-QM Market? / LoanScorecard is Bullish on the Sector / Citadel and AO Keep Humming Along / FTC Wants to Know More About How the RE Brokerage Industry Works / A Bunch of ‘Yes Men’ on the CFPB Advisory Board? / Mulva June 8, 2018 Paul Muolo To conservatives in the financial services industry, Mick Mulvaney is a hero. Read More
Home-Equity Lending Starts the Year on a Flat Note June 7, 2018 John Bancroft Bank of America once again ranked first in terms of new HELOC commitments, according to Inside Mortgage Finance…Read More
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