Guild Buys $1.7 Billion-a-Year Midwest Originator December 2, 2022 Paul Muolo It’s believed to be one of the first “franchise” M&A deals by a publicly traded mortgage company during the downturn...Read More
Short Takes: Brokers Face the Layoff Ax Too / Wells Won’t Say / UWM’s Ishbia: Cut the FHA MIP Now / More Repo (Warehouse) Lines Reduced December 2, 2022 Paul Muolo and Monica Hogan A Wells spokesman would not provide specifics on the mortgage layoffs...Read More
An Increase in Purchase Lending? That's Correct December 1, 2022 John Bancroft The top three purchase lenders through the first nine months of 2022: UWM, Wells Fargo and PennyMac Financial...Read More
CHLA Asks FHA, FHFA to Intervene on Costs of Credit Reports December 1, 2022 Monica Hogan Trade group President Taylor Stork said the reasoning behind the price increases have been shrouded in secrecy...Read More
Short Takes: More on Freedom and the WARN Act / A Large Production Decline / RML’s Creditors Include Texas Capital / Layoffs at Envoy / Contemplating the 10-Year December 1, 2022 Paul Muolo A warehouse provider and LendingTree are among the reverse lender's creditors...Read More
A Contrarian Idea: Commercial Lender Enters the Non-QM Arena November 30, 2022 Namrata Bhatia Stronghill will focus on non-QMs, non-agency jumbos and loans for investment purposes.Read More
A Tough Row to Hoe for Better.com November 30, 2022 Paul Muolo A historic correction in originations has marred Better's SPAC plans...Read More
2023 Fannie/Freddie Conforming Loan Limit Spikes 12% November 29, 2022 Dennis Hollier Home price appreciation has slowed of late, but year-over-year it's still up more than 12%...Read More
A Price War During a Difficult Time for Originators November 29, 2022 Paul Muolo A fair question: Will today's price breaks come back to haunt lenders tomorrow?Read More
Non-Agency Jumbo Lending Takes a Market Share Hit November 29, 2022 Namrata Bhatia Near the end of the third quarter, the average interest rate on a 30-year fixed-rate jumbo was 6.384%...Read More
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