Rocket CEO Farner to Retire; Nonbank Looking for New Leader February 13, 2023 Brandon Ivey Bill Emerson will serve as interim CEO of Rocket companies.Read More
Large Amount of Non-QMs ‘Stuck’ on Warehouse Lines February 13, 2023 Paul Muolo and Brandon Ivey Upwards of $1.0 billion of non-QMs are sitting on warehouse lines that would have typically been sold months ago, according to one estimate.Read More
FHA, VA Urged to Adopt Automated Valuation Models February 13, 2023 Monica Hogan FHA, VA and Ginnie Mae should use automated valuation models to improve appraisals, according to recommendations published by the Urban Institute.Read More
Short Takes: Rate Locks Increase / Lenders on the Sidelines February 13, 2023 Brandon Ivey After nine months of declines, rate locks increased in January.Read More
A $1M Profit at Mr. Cooper as Lending Suffers but MSRs Buoy February 10, 2023 Paul Muolo Management shelled out $23 million during 4Q to cover severance payments to laid off workers and for property consolidation.Read More
Permanent Buydowns Begin to Lose Steam February 10, 2023 Brandon Ivey In late January, 57% of borrowers paid at least half a point to buy down the rate on their loan...Read More
4Q Product Mix Analysis: Conventional Hit the Hardest February 9, 2023 John Bancroft Government-insured lending looked almost alive in comparison...Read More
Hsieh's Latest Revelation: I Was Fired by the loanDepot Board February 9, 2023 Paul Muolo loanDepot insiders have been dumping their stock in the lender. But not Hsieh.Read More
JPM Confirms Mortgage Layoffs, Hopes to Redeploy Workers February 9, 2023 Paul Muolo Chase is the nation’s third-largest retail home lender overall....Read More
Short Takes: A Tough Quarter for Mega REIT / Annaly Will Trim Dividend / Opportunistic / Better.com Update / NBA Owner Ishbia February 9, 2023 Paul Muolo The Suns new owner: mortgage banker Mat Ishbia...Read More
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