REIT Will Enter the Origination Market. However… January 30, 2024 Paul Muolo The production chief Two Harbors hired was not identified by name...Read More
Short Takes: For SoFi, Finally… / Stock Spikes / Better.com? / Remembering Impac / How About a Job at FHA? January 29, 2024 Paul Muolo SoFi posted a quarterly profit for 4Q23, but the nonbank lost $300.7 million for the full year ...Read More
Short Takes: FICO’s Mortgage Revenue Spikes / Bank Exits Retail / New Leader for AIME / Jumbo MBS From Goldman January 26, 2024 Brandon Ivey Mortgage origination revenue at FICO more than doubled in the fourth quarter of 2023 compared with the fourth quarter of 2022.Read More
Ginnie’s Tech SVP Pauses Retirement to Help Ensure Orderly Transition January 25, 2024 Monica Hogan Barbara Cooper-Jones will put her retirement plans on hold for a few months to help ensure a smooth transition for her eventual replacement.Read More
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
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