loanDepot Institutes Return-to-Office Policy; More Layoffs? May 17, 2023 Paul Muolo loanDepot has shed 5,220 positions over the past year...Read More
Short Takes: Home Price Projections / Applications Decline / Better Stock for Garg / Non-QM MBS May 17, 2023 Brandon Ivey and Paul Muolo Home price declines in California in 2023 might not be as bad as initially expected.Read More
In Early Spring, Mortgage Shops Continued to Cut Heads May 8, 2023 Paul Muolo There have been scattered reports of improving applications and profit margins...Read More
CHLA Asks for Full Funding for FHA, Ginnie April 27, 2023 Monica Hogan The Community Home Lenders of America wrote to the leaders of House and Senate housing appropriations committees.Read More
Short Takes: CFPB on Old Second Liens / Plenty of Servicing Available / Garris Horn Adds Partner / Overvalued Homes April 27, 2023 Brandon Ivey The CFPB is aiming to prevent foreclosures tied to older second liens.Read More
Martell Takes in $16.4 Million for Restructuring loanDepot April 25, 2023 Paul Muolo In 2022, loanDepot lost $610.3 million compared to a profit of $623.1 million the year before.Read More
Mortgage C-Suite Comp Trimmed, But Not For All April 24, 2023 Paul Muolo Mr. Cooper, whose revenues fell by almost 26% last year, gave its chairman and CEO a double-digit percentage raise...Read More
Remote Work for MLOs Extends Beyond Pandemic April 20, 2023 Monica Hogan Montana will become the latest state to codify the authorization for remote work for mortgage company employees, effective July 1.Read More
Short Takes: Applications Decline / Foreclosures Tick Up / LendingOne to Expand Wholesale April 19, 2023 Brandon Ivey Mortgage demand declines as interest rates increase...Read More
Ailing Non-QM Lender Paid CEO $1.5 Million Last Year April 13, 2023 Paul Muolo The Newport Beach, CA-based firm lost $39.4 million last year compared to red ink of $3.9 million in 2021.Read More
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