Home Point Continues to Shed Assets October 10, 2022 Paul Muolo The sale gets the Michigan-based wholesaler out of the reverse mortgage game...Read More
Short Takes: About That Housing Bubble / Which States? / Reserve Accounts? / Stop Moping and Start Selling / Cornerstone Completes Acquisition October 10, 2022 Paul Muolo Too much demand and not enough supply meant no housing bubble. Both those days are in the rearview...Read More
Non-QM Demand Varies, Creating Profitability Hurdles October 7, 2022 Brandon Ivey “Activity has been increasing," said LoanNEX's Eloise Schmitz...Read More
Short Takes: 4,000 Mortgage Jobs Disappear / Brokers Hiring? / LO to Broker? / loanDepot Trims Funding Lines / A New CTO for Xome October 7, 2022 Paul Muolo It appears that loan brokerage firms added jobs...Read More
loanDepot Sharpens the Cost-Cutting Knife, Eliminates 401(k) Matches October 6, 2022 Paul Muolo Cutting the 401(k) match will not be good for morale, one former loanDepot manager warned... Read More
Short Takes: A Rate Decline / loanDepot’s Digital HELOC / Working at Home? / Takeover Bait? / Ginnie MSRs Available October 6, 2022 Paul Muolo One investment banker described loanDepot as "takeover bait"...Read More
FHA Cash-Out Refi Share Spikes to 82% October 5, 2022 John Bancroft Some 47,195 endorsements for cash-out deals were recorded by FHA in 2Q22...Read More
Applications Off 14%, a 31% Plunge in Hurricane-Ravaged Florida October 5, 2022 Paul Muolo There's no way to put lipstick on the origination carnage...Read More
CFPB Considers Revisions to QM Standards, Servicing Practices October 5, 2022 Brandon Ivey The RFI also focuses on potential changes to servicing practices...Read More
At a Discount: Mortgage Underwriter Salaries October 4, 2022 Paul Muolo If you need a loan underwriter, plenty are available and at a reduced cost...Read More
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