Home Point Cancels Credit Suisse Repo Line October 12, 2022 Paul Muolo Home Point said the lender and CS "mutually agreed to terminate" the master repurchase agreement...Read More
Bayview to End Lull in Jumbo MBS Issuance October 12, 2022 Brandon Ivey Jumbo MBS creation has been limited amid rising interest rates.Read More
Short Takes: The Challenge Ahead / Fitch: The MSR Gravy Train May End / FoA, What’s Left? / A Blackstone Company / More Cuts at AO October 12, 2022 Paul Muolo Finance of America went public at $10.00 a share in the spring of 2021, courtesy of its owner, the Blackstone Group...Read More
Market Chatter: Might loanDepot be a Takeover Target? October 11, 2022 Paul Muolo Where does loanDepot go from here?Read More
A Decline in Market Share for High LTV GSE Loans October 10, 2022 Brandon Ivey The tightening on LTV ratios could be tied to home price trends.Read More
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
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