Production and Servicing Profits Take a Hit in 2Q August 31, 2022 Namrata Bhatia The reason for the weak quarter: plunging originations and stiff competition...Read More
Fannie Gets Ready to ‘Calibrate’ Its Seller/Servicers August 31, 2022 Paul Muolo Some industry vendors, such as Xactus, are trying to drum up business based on the policy change.Read More
Troubled Fintech Better.com May Remain a Private Company August 30, 2022 Paul Muolo It may be the end of the line for Better's SPAC/IPO maneuver...Read More
CSBS to Update Model Standards for Nonbanks August 30, 2022 Sam Manas The process will take several months, and will require a vote by CSBS commissioners...Read More
Short Takes: Being Blunt About the Market / Wells and Ginnie? / Not a Morale Booster: Layoffs / In a Buying Mood / Vendor Gets a New GC August 30, 2022 Better.com worries about employee morale...Read More
Time Running out for Impac, Nonbank Receives Warning Letter from the NYSE August 29, 2022 Paul Muolo Impac is headed by former investment banker George Mangiaracina...Read More
Home Partners of America to Pause SFH Purchases in 38 Markets August 26, 2022 Monica Hogan Among the markets it will pause in the first round: Boise, Detroit, Fresno, Milwaukee, Omaha and Virginia Beach...Read More
Barclays Stocks (Somewhat) Seasoned Non-QMs in New MBS August 26, 2022 Brandon Ivey Loans in the deal have seasoned for an average of nine months...Read More
A 2Q Market Share Gain for Correspondent Lending August 25, 2022 John Bancroft A handful of lenders grew their wholesale production, including Flagstar...Read More
While loanDepot Executives Sell Shares, Founder Hsieh Buys August 25, 2022 Paul Muolo Back in April, Hsieh ceded every day management of the company to new hire Frank Martell...Read More
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