Short Takes: Better.com’s New Hire / Check the Tape / Insider Buying is Good, Right? / CDFI Issues Second Non-QM Deal / A (Presidents) Day Off February 18, 2022 Paul Muolo and Brandon Ivey Piper Sandler on loanDepot: "In our view, the stock is pricing-in a very long downturn in the mortgage market"... Read More
Retail Continues its Channel Domination February 17, 2022 John Bancroft For the full year, the wholesale channel accounted for 15.0% of originations, correspondent 21.6%...Read More
A Big Surprise? Deliveries Above the 2021 Baseline Loan Limit Spike in January February 17, 2022 Based on trends from prior years, roughly $25.0 billion of mortgages above the 2021 conforming loan limit would have been expected to be delivered to Fannie and Freddie in January...Read More
Better.com's C-Suite Post Merger? February 17, 2022 At one point, Selitto was Better's president, a title now held on an interim basis by CFO Kevin Ryan.Read More
Tough Times On the Application Front. Hope for March? February 16, 2022 Paul Muolo As one veteran manager characterized it: “It is what it is.”Read More
Trade Group Wants Clarity on Nonbank Supervision February 15, 2022 Sam Manas Among other requests, the trade group wants the bureau to exempt smaller nonbanks from exams or audits...Read More
Freddie Offering Automated Assessment of Income from Direct Deposits February 15, 2022 Brandon Ivey Representation and warranty relief will be provided to lenders that use the service.Read More
Wholesale Channel Takes It On the Chin in 4Q21 February 14, 2022 Andras Malatinszky The retail channel improved its market share by 1.3 percentage points to 58.0%...Read More
A Challenging Nine Months for Better.com February 11, 2022 Paul Muolo Nine-month revenues for 2021 totaled $903.1 million.Read More
An Earnings Drop for Mr. Cooper but Stock Spikes on Sagent News February 11, 2022 Brandon Ivey At midday, Mr. Cooper's shares were up 16%...Read More
RSS