Texas Homebuilder Kindred, PrimeLending Launch Joint Venture December 28, 2022 Sam Manas PrimeLending is the nation's 35th largest originator, according to figures compiled by Inside Mortgage Finance.Read More
Its Share Price at 15 Cents, Impac Finds a New (Much Smaller) HQ December 27, 2022 Paul Muolo Impac's share price is down to 15 cents.Read More
A Sea Change: FHA Clears the Way for Dual Roles on the Same Loan. RESPA? December 22, 2022 Monica Hogan However, lender employees with a direct impact on a mortgage approval decision may not have multiple roles on FHA deals...Read More
It’s Official: Union Home Buys AmeriFirst. MSRs Headed to a Third Party December 22, 2022 Paul Muolo AmeriFirst's servicing rights will go to a third party...Read More
Grapevine: Go Figure, SPAC Hits Turbulence; New Employment Contracts for PFSI Chiefs December 22, 2022 Paul Muolo It looks like Figure’s mortgage-warehouse-bank-related SPAC has hit the wall; PennyMac’s brain trust has new employment contracts.Read More
Angel Oak Announces Changes to Repo Line Language December 21, 2022 Paul Muolo The 8-K suggests the deal buys Angel Oak more time as it copes with a turbulent market.Read More
The GOP, Not Surprisingly, Takes Aim at Chopra December 21, 2022 Sam Manas Chopra noted the market share of ARMs has almost doubled...Read More
Banks Immune from the Mortgage Slowdown? Hardly... December 21, 2022 Namrata Bhatia Depositories are not required to report their portfolio-lending activity in their call-report disclosures.Read More
CFPB Slams Wells for Being a ‘Repeat’ Abuser of its Customers, Orders $3.7 Billion in Redress December 20, 2022 Sam Manas Wells is the nation's largest servicer of residential mortgages...Read More
An M&A Deal Brewing Between Union Home and AmeriFirst? December 20, 2022 Paul Muolo Union Home ranks 63rd among single-family originators...Read More
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