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
MBA Sees Progress in Loan Officer Remote Work Legislation July 6, 2022 Sam Manas However, as MBA points out, it can sometimes take longer to get things done in California...Read More
FHFA LLPA Changes Hit High-Balance, Second-Home Deliveries July 5, 2022 John Bancroft At the direction of the FHFA, the GSEs significantly increased LLPAs for high-balance and second-home loans starting with April deliveries.Read More
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