Figure Readies MBS Backed by Nonbank-Originated HELOCs March 29, 2023 Brandon Ivey It's the first HELOC securitization from Figure to receive a credit rating.Read More
Little Change in Jumbo Channels but That Won’t Last (Wells) March 28, 2023 Brandon Ivey However, drastic market changes are likely as Wells Fargo ends its correspondent lending efforts...Read More
The HUD Mortgagee Review Board Tally: 65 Shops Sanctioned March 28, 2023 Monica Hogan The largest fine, for $16 million, was levied on Dwight Capital for supposedly charging loan fees in excess of 5%...Read More
HECM Lending Has Its Best Showing Since 2009 March 27, 2023 Monica Hogan The top three HECM lenders in 2022: American Advisors, Mutual of Omaha Mortgage and Finance of America...Read More
loanDepot’s Debt Falls Below 50 Cents on the Dollar March 27, 2023 Paul Muolo LDI Management is forecasting 1Q23 production of $3.0 billion to $5.0 billion...Read More
JPM Stocks DSCR Loans in Non-Agency MBS March 27, 2023 Brandon Ivey It's the second DSCR non-agency MBS from Chase, following a deal issued in November.Read More
M&A on the Minds of Everyone. Rate Cuts? March 24, 2023 Paul Muolo As some industry veterans may attest, on any given day, everyone’s for sale.Read More
Second-Lien Lending Peaked in 3Q22 but Had Strong Full-Year Showing March 23, 2023 Namrata Bhatia The top three originators of home-equity loans last year: Citizens Bank, Wells Fargo and PNC...Read More
Destined for Sale, Eventually: Home Point? March 23, 2023 Paul Muolo In 4Q22, Home Point saw its gain-on-sale margin improve to 22 basis points...Read More
Altisource Launches Non-Agency Lending Efforts March 23, 2023 Brandon Ivey The underwriting of AAM's mortgages is outsourced to India...Read More
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