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
A Sign of Strength in Jumbos? July 12, 2022 Brandon Ivey Purchase mortgages accounted for nearly 60% of jumbos in March...Read More
Former FHFA Director Calabria in Boardland July 11, 2022 Dennis Hollier Evolve must have been a big fan of of Calabria's. In its press statement announcing the hire, it referred to him as an "industry legend." Read More
A Carnage in Mortgage Employment: 5,000 Jobs Disappear in a Month July 8, 2022 Paul Muolo Over the past few months, scores of originators have introduced reductions-in-force in an effort to rightsize their operations...Read More
Western Asset Tests Waters with New Non-QM MBS July 8, 2022 Brandon Ivey The MBS is stocked with loans originated amid the rising rate environment.Read More
Warning Signs: The Collapses of FGMC, Maverick and Sprout July 8, 2022 Paul Muolo A former company executive said that not too long ago, Sprout owner Michael Strauss had designs on taking the lender public.Read More
Short Takes: loanDepot Founder: Remember the Alamo (Sort Of) / How Would Apple Hold Up in a 50% Downturn? / $1.69 a Share / Phoenix’s MSR Notice / FHA Offers Assistance to COVID-Affected Borrowers July 8, 2022 Monica Hogan and Paul Muolo loanDepot's top executive shows some emotion during a volume downturn, touching on honor and dignity...Read More
Just In: 2Q22 Agency Mortgage Tally Lowest Since Early 2019 July 7, 2022 John Bancroft The top three agency sellers in 2Q22: Rocket Mortgage, UWM and PennyMac Financial...Read More
Non-QM Lender Sprout Closes Its Doors July 7, 2022 Paul Muolo Sprout officials could not be reached for comment...Read More
Bank/Thrift Retail Originations Plummet July 6, 2022 Namrata Bhatia Virtually all the top banks posted dismal results...Read More
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