Another Week and Another Negative Reading on New Business April 24, 2019 Paul Muolo Not good: Three weeks of negative applications readings...Read More
Short Takes: Believing in Big Payoff (Someday) / A Nice Return Based on 2019 Calculations / WMC Files for BK / Starting Out in Life as Weyerhaeuser / Two Lenders Form a Combo April 24, 2019 Paul Muolo Industry vets might recall that WMC started out in life as Weyerhaeuser Mortgage...Read More
Short Takes: JPM’s Latest Outreach Effort to RE Brokers / #3 in Retail / A Quick History Lesson / A Strong Quarter for MGIC / A New CEO for LoanLogics April 23, 2019 Paul Muolo Chase is looking for an edge with realtors...Read More
CFPB to Provide Targeted CIDs in the Future April 23, 2019 Yemeng Yang The CFPB is updating policies regarding civil investigative demands to ensure the government is providing more information about potentially wrongful conduct under investigation.Read More
Verus Readies Non-QM MBS Backed by Investor Loans April 23, 2019 Paul Muolo Founded in 2015, Verus Mortgage has notched 10 rated non-QM MBS deals...Read More
Flagstar Reports Both Lower Earnings and Originations for 1Q19 April 23, 2019 Paul Muolo At March 31, Flagstar's home equity loan portfolio totaled $796 million, up 19% from a year ago...Read More
They’re Catching On Once Again: Marketing Services Agreements (Thanks to the CFPB) April 23, 2019 Yemeng Yang Over the past 18 months, Meyer said MLinc has seen more than half of its 500-plus clients once again become active in the space...Read More
Short Takes: Pacific Union Made $32M in Loans to Members / Mortgages to Employees? / Invitation Homes Pays Off Loans Early / A Reshuffle at Mortgage Capital Trading / PRMI Hires Reverse Manager April 22, 2019 Paul Muolo Lending to one's own employees: How big of a deal?Read More
A $32.8 Million Loss in 2018 for Lender Bought by NSM in Early 2019 April 22, 2019 Paul Muolo In 2018, Pacific Union had total expenses of $268.6 million, of which $164.1 million went for personnel...Read More
A Step Closer to Transitional Licenses for LOs April 22, 2019 Yemeng Yang The NMLS issued guidance addressing transitional authority for mortgage loan originators moving between states and from banks to nonbanks.Read More
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