Another Trip to the Debt Well for Wholesale Giant UWM November 16, 2021 Paul Muolo More companies are making a trip to the debt window while it's still open...Read More
Humans Over Robots? Survey Finds Borrowers Prefer In-Person Closings November 16, 2021 Sam Manas Some 62% of mortgagors said they preferred a mobile notary when they closed...Read More
3Q Red Ink Expected for Public-Bound Better.com. A Reorg As Well… November 15, 2021 Paul Muolo The firm estimates its gain-on-sale margin improved to as high as 197 basis points in 3Q compared to 162 bps in the second quarter.Read More
The Roundup: Nonbank Earnings Rally in 3Q21, GOS Margins Widen November 15, 2021 John Bancroft The industry wasn’t exactly partying like it was 2020, but last year was a hard act to follow.Read More
Lenders Worry About Fix-n-Flip? Not Really... November 12, 2021 Paul Muolo Acra's goal for 2022? To originate anywhere from $500 million to $750 million worth of these short-term loans.Read More
Loan Officers Earning Less Money These Days November 12, 2021 Monica Hogan On average, LOs facilitated 32% less refi volume in the third quarter, with $900,000 in refi production per month.Read More
Barclays to Issue its First Non-QM MBS November 11, 2021 Brandon Ivey Barclays was an active issuer of non-agency MBS in the lead-up to 2008, but the firm hasn't issued a deal with newer loans since then.Read More
An Earnings Rebound for Guild Amid Stronger Originations, Weaker GOS November 11, 2021 Paul Muolo In 3Q21, 61% of Guild's fundings were purchase-related as opposed to refis...Read More
Mortgage-Related Complaints Fall Across the Board November 10, 2021 Brandon Ivey Complaints regarding loan closings declined at the fastest rate during the third quarter...Read More
Angel Oak (the REIT) Sees a Spike in Income as Non-QM Sector Heats Up November 10, 2021 Brandon Ivey Brandon Filson, AOM’s chief financial officer, said the company has the potential to generate returns of roughly 12% to 15% from whole loans...Read More
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