The Production Star of 4Q20: Conventional-Conforming February 17, 2021 Lisa Burden Quicken Loans was the top producer of conventional-conforming loans with an estimated $271.55 billion... Read More
AZ Bank in $1 Billion Deal to Buy Nation's Third Largest Correspondent Lender February 16, 2021 Paul Muolo Back in fall, the privately held AmeriHome announced its intentions to go public.Read More
Despite Employee Buyout Offers, GSE Headcount Keeps Growing February 16, 2021 Paul Muolo The filings also reveal the frustrations the two mortgage giants are having finding experienced workers during the mortgage boom...Read More
Refi Train Carries FHA/VA Lending to a Stunning New Record February 14, 2021 John Bancroft The year just-ended brought two huge changes to the government-insured market. First, the VA established itself as the dominant program...Read More
Pending Head of HUD Looking to Improve Tribal Lending Program February 12, 2021 Maria Volkova Section 184 home loans are specifically allocated to Native Americans who are purchasing property on tribal land trusts.Read More
Short Takes: loanDepot's Stock Rises / Average G-Fee Declines / UpEquity Raises $25 Million / Forbearance Share Declines February 12, 2021 Brandon Ivey loanDepot's stock jumped more than 50% on its first day of trading after the nonbank downsized its IPO.Read More
Short Takes: GSE Origination Flexibilities Extended / Few Foreclosures / Non-QM MBS from Caliber / Equitable Housing Hires at Freddie February 11, 2021 Brandon Ivey FHFA extended various origination flexibilities related to GSE mortgages through the end of March.Read More
Redwood's Net Income Drops in Fourth Quarter February 11, 2021 Brandon Ivey The decline was largely tied to income from investments while Redwood's lending units are generating returns above 20%. Read More
loanDepot Goes Public with Scaled Down IPO February 11, 2021 Brandon Ivey In January, loanDepot had plans to raise upwards of $362 million via an IPO. On Feb. 11, the offering priced with a reduced share price and fewer shares, generating $54 million.Read More
Limits on GSE Cash Window Sales Could Impact Upwards of 100 Sellers February 11, 2021 John Bancroft At Freddie Mac alone, 62 sellers topped the $1.5 billion marker for cash sales in 2020.Read More