loanDepot Launches Digital Mortgage Process, Says It Can Close a Loan in 8 Days February 20, 2019 Brandon Ivey To date, loanDepot has spent $80 million on the effort...Read More
Federal Court in California Certifies LO Class Action Case Against Wells Fargo February 20, 2019 George Brooks Wells Fargo also is accused of not paying loan officers for “non-sales” work…Read More
Jumbo Lending Falls in 4Q18 On Weaker Demand February 19, 2019 Brandon Ivey In the jumbo qualified mortgage space, 21 of 60 banks reported weaker demand…Read More
M&A Blues: Why Good Companies Aren’t Selling February 19, 2019 Paul Muolo Rumors continue to abound that internet retailing giant Amazon wants in…Read More
Short Takes: The Largest Post-Crisis Nonprime MBS? / FICOs as Low as 500 / Reasons for Getting Out (Blame the Tech Giants?) / Sell One, Buy Two / Movement EVP Taveekanjana Departs for Envoy February 19, 2019 Brandon Ivey and Paul Muolo Jumping from Movement Mortgage to Envoy Mortgage: Tony Taveekanjana...Read More
What We’re Hearing: Calabria, a Sure Bet? / Warm Thoughts About Fannie-Freddie Loan Limits / Retaining More Capital / Congress? / Conservatorship Purgatory / Looks Like Radian is in Play / A Sale Dragging On and On and On: Genworth / Industry Vet Rudy Orm February 15, 2019 Paul Muolo On the doorstep: The recap and release of Fannie and Freddie?Read More
HomeStreet Bank Looks to Sell Mortgage Origination Business, MSRs February 15, 2019 Brandon Ivey The Seattle-based depository hired Keefe, Bruyette & Woods and MountainView as sale advisors…Read More
Activist Elliott Pondering a Bid for Deephaven Mortgage? February 15, 2019 Paul Muolo Non-QM lenders are in demand these days, or so it appears…Read More
Redwood Cites Strong Competition in the Non-Agency Market February 15, 2019 Brandon Ivey Redwood President Dashiell Robinson said demand for whole loans remains strong...Read More
Annaly Posts a Whopping $2.25 Billion Loss for 4Q18, Eyes the Non-Agency Market February 14, 2019 Brandon Ivey Annaly CEO Kevin Keyes said the REIT is working to diversify its investment strategy, including a focus on acquiring new non-agency mortgages…Read More
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