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
First Republic: Rough Times Ahead for Lending Margins November 2, 2022 Brandon Ivey In a nutshell, the problem is margin compression, not credit...Read More
FHA Chief Seeks Stable Funding for IT Upgrades November 2, 2022 Monica Hogan Gordon said the prolonged confirmation process regarding her appointment interrupted the continuity of leadership at the agency.Read More
WARN Act Violations Cited in FGMC Bankruptcy Case November 1, 2022 Paul Muolo The information is based on an amended declaration made by CEO Aaron Samples...Read More
LO Headhunting Continues Unabated (Somewhat) November 1, 2022 Paul Muolo Hiring more loan officers, now? Mortgage bankers, at times, can be an optimistic lot....Read More
VA Proposes Revisions to Interest Rate Reduction Refi Loans November 1, 2022 Monica Hogan Comments are due Jan. 3 of next year...Read More
PRMG, Others in the Hunt to ‘Sign Up’ Finance of America Branches October 31, 2022 Paul Muolo Guaranteed Rate had hoped to takeover a large chunk of the FoA network but the deal fell apart...Read More
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