Cadence Bank Settles With DOJ, OCC Over Redlining September 1, 2021 Monica Hogan Cadence Bank CEO Paul Murphy said the company “believes that at all times it acted in compliance with our nation’s fair lending laws.”Read More
Moody’s Highlights the Strengths/Weaknesses of Nonbank Mortgage Firms September 1, 2021 Paul Muolo In a new report, the rating service notes the “extensive” MSRs of nonbanks “often make the quality of their capital much weaker than that of banks.”Read More
Lone Star’s Non-Agency MBS Chugs Along Without Caliber August 31, 2021 Brandon Ivey Lone Star shifted from relying on Caliber to other lenders for loans going into non-agency MBS.Read More
Non-Agency Jumbo Lending Increases Amid Broader Downturn in 2Q August 30, 2021 Brandon Ivey Lenders are seeing increased demand, and many have loosened underwriting standards, helping to boost volume.Read More
Industry Gears Up for In-Person Conferences. Risks? August 27, 2021 Monica Hogan Risk tolerance? Certain companies may adjust the number of people they send to annual conventions as their internal guidelines shift...Read More
Correspondent Platforms Took the Biggest Hit in 2Q21 August 26, 2021 John Bancroft The nation's three largest retail lenders during 2Q21: Rocket Mortgage, Wells Fargo Bank and loanDepot...Read More
loanDepot Secures Borrowing Facility with Bank of America August 26, 2021 Paul Muolo The credit line, in the form of a master repurchase agreement, was signed on Aug. 20 and expires Sept. 27.Read More
Short Takes: Leveraging Cash for Non-QM Lending / AO’s REIT Trading in a Tight Range / Eye on Rates / Robust MSRs / Alterra Gets a New President August 26, 2021 Paul Muolo and Brandon Ivey Non-QM lender Angel Oak is looking to crank up originations...Read More
The Final Tally: Nonbank Earnings Plummet as Margins Shrink in 2Q August 25, 2021 John Bancroft Nonbank earnings season is over. The bottom line: profits fell, but that was to be expected. The big question: Where do we go from here?Read More
Home Point Hit With Multiple Downgrades by Fitch. MSRs May Be Sold August 25, 2021 Paul Muolo The nonbank is contemplating selling some of its MSRs...Read More