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Scotiabank to Enter Mortgage Warehouse Lending Space

August 13, 2024
Paul Muolo
Scotiabank hired the managing director of Chase's mortgage warehouse unit.
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More of the Same: Mortgage Bankers Cut Jobs, Brokerage Shops Add

August 5, 2024
Paul Muolo
During the refi boom of 2021, mortgage banking employment was roughly 8,000 jobs shy of 300,000...
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Short Takes: Positive Outlook for Acra / New Co-CEO at Dynex / NYCB Touts Simplified Business Model

July 23, 2024
Brandon Ivey
Non-QM lender Acra Lending has been profitable in the last three years.
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The Appraisal Foundation Reaches Settlement With HUD

July 11, 2024
Brandon Ivey
The Appraisal Foundation’s Appraiser Qualification Board sets appraiser qualification criteria and there were concerns that the criteria prompted a disparate racial impact on entry into the appraiser profession.
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Short Takes: Refi Applications Fade / Lenders Concerned About Talent Management / Tandem DPA Offering / Lending in Guam

July 10, 2024
Brandon Ivey
Applications for refinances declined for the fourth consecutive week.
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Cherry Hill Moves Toward Internal Management

July 9, 2024
Brandon Ivey
The move would mean breaking from the external management by Cherry Hill Mortgage Management, which is owned by Stanley Middleman, CEO of Freedom Mortgage.
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Brokers Add Jobs, Mortgage Bankers Keep Trimming

July 8, 2024
Paul Muolo
The BLS reading on mortgage employment trails the national numbers by a month.
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JPM Stays Mum on Fate of Flagstar's Warehouse Staff

July 1, 2024
Paul Muolo
As one consultant put it, “We hope they all survive. They’ve been a great team.”
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Short Takes: New-Home Sales Decline in May / Drayne to Join HPC / Big Banks Pass Stress Test / Non-QM Impairments Decline

June 27, 2024
Brandon Ivey
New-home sales declined by 11.3% in May.
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Short Takes: Angel AI Announces Credit Repair Tool / HGI Credit Platform Reaches Milestone / Xactus Hires CFO / Mortgage Apps Up

June 26, 2024
James Dohnert
The AI chatbot tool is available now in various languages…
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