Short Takes: JPM’s Stake in Rocket / Bottoming Out? / Fintech Raises Capital / Ranieri Taps Former Cenlar Exec / Memorial Service Set for Stevens January 22, 2024 Paul Muolo and James Dohnert Downpayments, a fintech startup, recently secured $32.8 million in initial debt funding...Read More
Short Takes: Purchase-Mortgage Demand Lagging / Few Losses on Nonprime MBS / Broker Advocacy Group Goes Independent / New CEO at Ranieri Solutions January 17, 2024 Brandon Ivey Applications for purchase mortgages in early January were down 20% on an annual basis.Read More
Wells Touts Progress Reducing Mortgage Footprint January 16, 2024 Brandon Ivey Wells Fargo reduced the employee count in its home lending division by 36% on an annual basis in 2023.Read More
Short Takes: Ginnie Considers New HECM MBS Product / Agreement in Congress on LIHTC / First American to Take a Hit / New Leader at NAAHL January 16, 2024 Brandon Ivey The new Ginnie product would relieve pressure for reverse mortgage lenders.Read More
Banking Veteran Gets President’s Job at Mr. Cooper January 10, 2024 Paul Muolo Mr. Cooper ranks sixth in MSR ownership...Read More
Surprise: Brokers Add Jobs, but IMBs Keep Slashing January 8, 2024 Paul Muolo Note: The government’s reading on the mortgage sector trails the national numbers by one month.Read More
William Erbey New CEO of Altisource Asset Management January 2, 2024 James Dohnert Erbey's CEO role will include a base salary of $50,000 per year and no other forms of compensation.Read More
Short Takes: Lock-In Loosening / Higher Cap for GSE LIHTC Investments / Planet Home to Boost Construction Lending / Publishing Break December 22, 2023 Brandon Ivey A growing number of homeowners are looking to sell as interest rates decline.Read More
A Large Servicing Layoff Right Before the Holidays December 20, 2023 Paul Muolo Headquartered in Lake Zurich, IL, Dovenmuehle did not return media inquiries on the matter.Read More
Short Takes: Another Claim Against Hometown / Not Really Better / A New Name for MSR Broker / Logan Gets New Sales Chief December 18, 2023 Paul Muolo Better does not seem too sanguine about its future...Read More
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