Large Origination Shops Urged to Draft Vaccination Mandate Plans November 18, 2021 If the stay is lifted, initial employer compliance steps are required by Dec. 5, and workers covered under the rule would need to be vaccinated or tested...Read More
UWM’s Share Price Declines as Stock Sales are Announced November 18, 2021 Paul Muolo UWM became a public company at roughly $11.00 a share via a special purpose acquisition company maneuver earlier this year.Read More
Wells Fargo Looking for a New Correspondent Chief November 17, 2021 Paul Muolo At midyear, Wells had $34.5 billion of correspondent acquisitions, ranking third in the channel...Read More
GSE Cash Purchases Give Way to Different Strategies November 16, 2021 John Bancroft The rule has since been suspended. However, recent MBS issuance shows a continuing impact on market behavior.Read More
Another Trip to the Debt Well for Wholesale Giant UWM November 16, 2021 Paul Muolo More companies are making a trip to the debt window while it's still open...Read More
Humans Over Robots? Survey Finds Borrowers Prefer In-Person Closings November 16, 2021 Sam Manas Some 62% of mortgagors said they preferred a mobile notary when they closed...Read More
3Q Red Ink Expected for Public-Bound Better.com. A Reorg As Well… November 15, 2021 Paul Muolo The firm estimates its gain-on-sale margin improved to as high as 197 basis points in 3Q compared to 162 bps in the second quarter.Read More
The Roundup: Nonbank Earnings Rally in 3Q21, GOS Margins Widen November 15, 2021 John Bancroft The industry wasn’t exactly partying like it was 2020, but last year was a hard act to follow.Read More
Lenders Worry About Fix-n-Flip? Not Really... November 12, 2021 Paul Muolo Acra's goal for 2022? To originate anywhere from $500 million to $750 million worth of these short-term loans.Read More
Loan Officers Earning Less Money These Days November 12, 2021 Monica Hogan On average, LOs facilitated 32% less refi volume in the third quarter, with $900,000 in refi production per month.Read More