Another Earnings Bloodbath for Finance of America November 9, 2022 Paul Muolo FoA is down to $169 million of cash and cash equivalents...Read More
Mortgage Lenders Chopped 8,200 Jobs in September; Non-QM Shop Athas Closes November 8, 2022 Paul Muolo Compared to a year ago, firms characterized by the BLS as “real estate credit” have shed 35,700 workers.Read More
G-Fee Hikes May Be Needed To Pay for Lost LLPA Revenue November 7, 2022 Dennis Hollier One analyst believes Fannie and Freddie will need to increase base g-fees by about 3 basis points...Read More
Depositories Report Weakening Mortgage Banking Income November 7, 2022 John Bancroft JPMorgan Chase was the top earner among the group with $313 million in mortgage fees and related income...Read More
Mat Ishbia: UWM Chairman and CEO. And Maybe NFL Team Owner? November 7, 2022 Paul Muolo The Commanders are worth an estimated $5.6 billion...Read More
MSRs Aid UWM’s 3Q Results but GOS Falls to 52 BPs and May Drop Further November 4, 2022 Paul Muolo Even though UWM grew originations in 3Q, loan production income fell to $172.4 million...Read More
Red Ink for Rocket Mortgage in 3Q22, GOS Falls to 269 BPs November 4, 2022 Paul Muolo Rocket's gain-on-sale margin slipped to 269 basis points in the third quarter from 292 bps in 2Q22... Read More
(At Least) Five Nonbanks in Talks With FoA Over Its Branch Network November 3, 2022 Paul Muolo One CEO confirmed a deal has been struck with FoA...Read More
Production Tanks at Rithm, MSR Markups Save the Day November 2, 2022 Paul Muolo Its positive servicing mark for 3Q22 totaled $143 million.Read More
loanDepot Scales Back a Repo Line, Announces New JV November 2, 2022 Paul Muolo The expiration date on the repo was extended to Oct. 26, 2023...Read More
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