Mortgage Bankers, Brokers Add Workers September 9, 2024 Paul Muolo The rallying cry from UWM's Mat Ishbia: The "refi boom" has begun!Read More
Short Takes: It’s Getting Better All the Time? / 20% North of 6% / 25 BP? 50 BP Maybe? / Consumer Sentiment / A New Hire for MBA September 9, 2024 Paul Muolo On the horizon: A mini refi boom? Next week the FOMC meets...Read More
Short Takes: MSR Values Decline / Retention Performance Falters / Rocket Taps Former CEO of Sagent / Home Improvement Securitization September 4, 2024 Brandon Ivey MSR values are coming down as interest rates decline.Read More
Short Takes: Two Harbors Resignation / HomeLight Expands AI Tool / LoanDepot Adds to Equity Product Offerings August 29, 2024 Shannon Clark Two Harbors Investment Corp. executive is leaving for Granite Point Mortgage Trust.Read More
Short Takes: Would You Like to Stay On? / Under the Radar: Sixth Street / Mortgage Names Employed There / Better Stock Price / Paying For It? August 19, 2024 Paul Muolo and Monica Hogan Among those who work at Sixth Street is Jordan Feil who serves as managing director.Read More
Short Takes: ‘Soft Landing’ Still Possible / Neutral Housing Market / Pending Home Sales Decline / Newrez Launches Emergency Fund for Employees August 15, 2024 Brandon Ivey The economy is looking somewhat stronger than expected, based on data released Thursday.Read More
IG Finds Major Holes in FHFA's IT System August 14, 2024 Dennis Hollier Loose IT security controls could have made it possible for a malicious employee, or an external party with access to that employee's account, to gain full control of the FHFA network.Read More
Scotiabank to Enter Mortgage Warehouse Lending Space August 13, 2024 Paul Muolo Scotiabank hired the managing director of Chase's mortgage warehouse unit.Read More
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...Read More
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.Read More