Megabanks Report 2Q Mortgage Results. When Flat Can be Good... July 21, 2022 Paul Muolo Of the early reporting megabanks, there’ve been a few encouraging signs that all is not lost...Read More
Warehouse Lenders Object to FGMC’s Bankruptcy Plans July 20, 2022 Brandon Ivey Customers Bank and Flagstar filed separate objections to some of FGMC’s bankruptcy plans...Read More
A Counterintuitive Move: Enter Non-QM Market July 20, 2022 Paul Muolo Licensed in 50 states, Celebrity is employee owned.Read More
As Production Skids, Underwriter Costs ‘Correct’ July 19, 2022 Paul Muolo Loan underwriter salaries have dropped significantly from their refi peaks...Read More
Mostly Flat Originations for Truist July 19, 2022 Paul Muolo Truist is the nation’s 15th largest residential originator overall...Read More
FHFA Nods to Fintech's Role in Housing Finance, Creates a New Office July 19, 2022 Dennis Hollier The agency said it wants to foster the safe, sound and responsible use of technology in the mortgage process.Read More
How Bad Might the Mortgage Layoff Picture Get? July 18, 2022 Paul Muolo In less than a year, Better has reduced its headcount by 72%... Read More
First-Lien Lending Slips at BofA, Second-Lien Production Jumps July 18, 2022 Paul Muolo BofA said its new mortgage customers had an average loan-to-value ratio of 70% in 2Q22...Read More
2Q22 Results: Originations Fall at Wells Fargo, MSRs Get Marked Up July 15, 2022 The stagecoach added that year-over-year results were partially offset by higher mortgage servicing income.Read More
Amid the Industry Turmoil, an M&A Deal Gets Done July 15, 2022 Paul Muolo In 2021, Sunstreet originated roughly $800 million in residential mortgages...Read More
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