A Sea Change: FHA Clears the Way for Dual Roles on the Same Loan. RESPA? December 22, 2022 Monica Hogan However, lender employees with a direct impact on a mortgage approval decision may not have multiple roles on FHA deals...Read More
Grapevine: Go Figure, SPAC Hits Turbulence; New Employment Contracts for PFSI Chiefs December 22, 2022 Paul Muolo It looks like Figure’s mortgage-warehouse-bank-related SPAC has hit the wall; PennyMac’s brain trust has new employment contracts.Read More
Brokerage UMortgage is Busy Kicking Some M&A Tires December 19, 2022 Paul Muolo After the NXT deal is completed, UMortgage will have 239 loan originators in 47 states...Read More
Short Takes: Carpe Diem Time for Depositories and Mortgages? / Advantages / Scalable? / A Sudden Departure at Rithm / Fighting Homelessness December 19, 2022 Paul Muolo and Monica Hogan But will banks cash in on their supposed advantage?Read More
On Short Notice, Radian Gets An Interim CFO December 15, 2022 Paul Muolo Hall is departing as CFO but will serve in a transition role...Read More
loanDepot’s CIO Keeps Selling Shares in the Company December 14, 2022 Paul Muolo loanDepot's management team predicted that originations could fall to between $4.0 billion and $7.0 billion in 4Q22...Read More
SitusAMC Vice Chairman Set to Retire at Yearend December 13, 2022 Paul Muolo Cronin served for 16 years on the board of the Mortgage Bankers Association.Read More
Short Takes: Brokers Face the Layoff Ax Too / Wells Won’t Say / UWM’s Ishbia: Cut the FHA MIP Now / More Repo (Warehouse) Lines Reduced December 2, 2022 Paul Muolo and Monica Hogan A Wells spokesman would not provide specifics on the mortgage layoffs...Read More
Mr. Cooper Chief Cashes In Some of His Holdings December 1, 2022 Paul Muolo Mr. Cooper's share price has held up reasonably well compared to most of its nonbank peers...Read More
Short Takes: This Time, It’s Different / A Shorter Correction Timeline? / Foreclosures Rising / Hurricane Ian / Cardinal Hires loanDepot Vet / A Few Days Off… November 23, 2022 Paul Muolo and Sam Manas The hope is that the origination correction will be shorter than past ones...Read More
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