Mortgage M&A: Redfin in Deal to Buy West Coast-based BEHL January 12, 2022 Paul Muolo After the acquisition closes, Redfin Mortgage will reduce its headcount by roughly 121 positions.Read More
Earnings Season is About to Start. Hope for Mortgage Bankers? January 11, 2022 As Wedbush Securities notes in a new report, “We expect lower prepayment speeds should lead to positive marks on MSR values in the quarter.”Read More
UMortgage Adds Mortgage Brokerage Firm The Bally Team January 11, 2022 Monica Hogan Bally's resume includes stints at United Wholesale Mortgage, Quicken Loans and J&B Processing.Read More
A Record-Setting Year for Ginnie Mae MBS Issuance January 10, 2022 Brandon Ivey The top issuer for the year: Freedom Mortgage with a whopping $106.9 billion...Read More
Mortgage Pink Slips Begin to Proliferate. Non-QM Sector Insulated? January 10, 2022 Paul Muolo In recent interviews, mortgage executives, overall, have revealed mixed plans regarding hiring...Read More
Non-QM Pioneers Angel Oak and Acra See Strong Growth Ahead January 10, 2022 Paul Muolo Angel Oak just closed its ledger on 2021, winding up with originations of $3.9 billion.Read More
Better.com Gets a Chief Product Officer. The Goal: Growth Ahead January 7, 2022 Paul Muolo Better.com's new chief product officer spent seven years at Wayfair...Read More
As Nonbank Mortgage Stocks Swoon... January 7, 2022 Paul Muolo Two of the six — UWM and FoA — became public entities via a SPAC maneuver, something Better.com is presently attempting.Read More
Industry Nears Third Year of Disruption as Omicron Variant Surges January 7, 2022 Monica Hogan Citigroup, a top-30 player in mortgages, has become the first megabank to impose a strict Covid-19 vaccine mandate: Get a shot or you're fired.Read More
Agencies Set Annual Record In 2021 Despite a Slower 4Q January 6, 2022 John Bancroft Time to celebrate: Annual agency MBS issuance rose 10.1% from 2020 to a record $3.471 trillion in 2021.Read More
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