Second Liens from Spring EQ Back New Non-Agency MBS April 27, 2022 Brandon Ivey Saluda Grade has issued a handful of other non-agency MBS backed by second liens...Read More
Surprise: loanDepot Chief Hsieh Steps Aside as CEO but Will Remain as Executive Chair April 26, 2022 Paul Muolo LoanDepot noted Martell “will drive daily operations and lead the company’s diversified multi-channel mortgage origination model"...Read More
Another Reduction-in-Force at Sprout Mortgage? April 22, 2022 Paul Muolo The brainchild of industry veteran Michael Strauss, Sprout is a top-10 ranked originator of non-QMs.Read More
Home Lenders Temporarily Drop Tax Transcript Requirement April 22, 2022 Brandon Ivey Among the lenders known to have suspended the underwriting requirement are PennyMac, AmeriHome and...Read More
As Nonbanks Falter, Warehouse Giant Texas Capital Works to Diversify April 21, 2022 Brandon Ivey Previously, Texas Capital executives estimated the bank's mortgage finance volume would decline at a rate in the “high teens” this year, but now they're projecting a “mid-30%” decline.Read More
The Compensation Package for a CEO Whose Company Lost $1.3B in 4Q: $19.1 Million April 21, 2022 Paul Muolo FoA lost $1.34 billion in the fourth quarter after booking a large goodwill impairment...Read More
M&A Talk Heats Up, CrossCountry a Buyer? April 21, 2022 Paul Muolo Dealmakers like Jeff Levine, Chuck Klein and David Schneider should have a busy year...Read More
Court Dismisses Selected Claims in Angel Oak LO Lawsuit April 20, 2022 Brandon Ivey Overall, Angel Oak made nine claims against the LOs and LendSure...Read More
Yet More Layoffs at Better.com, Nation’s 17th Largest Lender April 19, 2022 Paul Muolo The New York-based Better.com had hoped to become a public company at yearend 2021 via a SPAC maneuver...Read More
CHLA Pushes for Less Stringent GSE Eligibility Requirements April 19, 2022 Dennis Hollier Trade group says FHFA's reproposed rule would serve as a barrier to entry for smaller seller/servicers.Read More
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