Sources: PIMCO Pulls Support for Non-QM Lender FGMC June 24, 2022 Paul Muolo Launched 30 years ago, FGMC is licensed in 49 states and the District of Columbia.Read More
A Nice Gain for Second-Lien Lending, but Outstandings Shrink June 24, 2022 Paul Muolo Wells Fargo once again ranked first in this specialty niche...Read More
Mortgage Company Bonds Come Under Pressure June 24, 2022 Paul Muolo Some of loanDepot's bonds have been trading for as low as 67 cents on the dollar...Read More
Another Run at the QM Rule? June 24, 2022 Sam Manas In April 2021, the CFPB extended the mandatory compliance date for its general QM rule to October 2022...Read More
Depositories Nibble at Nonbank Share of Mortgage Lending June 23, 2022 John Bancroft Nonbanks experienced a 27.8% decline...Read More
A Slowdown for Housing? Not If You Look at KB Home’s 2Q Results June 23, 2022 Paul Muolo The builder's mortgage unit, KBHS Home Loans, benefited from an increase in interest rate lock commitments...Read More
HELOCs Back in Style? Figure is Bullish June 23, 2022 Monica Hogan As Figure's Jackie Frommer noted, “We’re seeing an incredible increase in demand"...Read More
Mortgage Brokers Take it on the (Conventional-Conforming) Chin in 1Q22 June 22, 2022 Brandon Ivey The largest table-funder of loan brokers is United Wholesale Mortgage...Read More
A $5B-a-Year Lender Sold to Fintech Firm June 22, 2022 Paul Muolo Hamilton is led by industry veterans Pat Sheehy and Mark Korell...Read More
More Turbulence for Non-QM Whole Loans? June 22, 2022 Paul Muolo A federally insured bank that had been buying non-QMs on a correspondent basis last month shut its window.Read More
RSS