As the Cost-Reduction Hatchet Swings, Another Mortgage CEO Vows No Layoffs July 13, 2022 Paul Muolo CEO Cal Haupt says his employees are family, "Not the media version stated by others."Read More
California Nonbank Settles FHA Fraud Charges July 13, 2022 Monica Hogan The whistleblower will receive $228,172 of the settlement proceeds...Read More
A Major Blood-Letting at loanDepot. Planned Layoffs of 2,000... July 12, 2022 Paul Muolo loanDepot is also the 15th largest owner of MSRs, according to Inside Mortgage Finance...Read More
A Sign of Strength in Jumbos? July 12, 2022 Brandon Ivey Purchase mortgages accounted for nearly 60% of jumbos in March...Read More
Former FHFA Director Calabria in Boardland July 11, 2022 Dennis Hollier Evolve must have been a big fan of of Calabria's. In its press statement announcing the hire, it referred to him as an "industry legend." Read More
A Carnage in Mortgage Employment: 5,000 Jobs Disappear in a Month July 8, 2022 Paul Muolo Over the past few months, scores of originators have introduced reductions-in-force in an effort to rightsize their operations...Read More
Western Asset Tests Waters with New Non-QM MBS July 8, 2022 Brandon Ivey The MBS is stocked with loans originated amid the rising rate environment.Read More
Warning Signs: The Collapses of FGMC, Maverick and Sprout July 8, 2022 Paul Muolo A former company executive said that not too long ago, Sprout owner Michael Strauss had designs on taking the lender public.Read More
Short Takes: loanDepot Founder: Remember the Alamo (Sort Of) / How Would Apple Hold Up in a 50% Downturn? / $1.69 a Share / Phoenix’s MSR Notice / FHA Offers Assistance to COVID-Affected Borrowers July 8, 2022 Monica Hogan and Paul Muolo loanDepot's top executive shows some emotion during a volume downturn, touching on honor and dignity...Read More
Just In: 2Q22 Agency Mortgage Tally Lowest Since Early 2019 July 7, 2022 John Bancroft The top three agency sellers in 2Q22: Rocket Mortgage, UWM and PennyMac Financial...Read More
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