Short Takes: A Tough Quarter for KB? / It’s All Relative / GOS Improvement, Maybe / More Cutbacks at Blend / Sachem’s CIO Departs January 12, 2023 Paul Muolo Sachem's CIO has resigned to pursue retirement and other opportunities...Read More
Short Takes: A Big (Wells) Surprise? Not Really… / The GSE Role / Who’s Next? / Rate Buydown Ramifications / Some Job Cuts at Rocket January 11, 2023 Paul Muolo and Brandon Ivey The downside to mortgage rate buydowns...Read More
Using Mortgage Wealth to Buy an NBA (and WNBA) Team... January 9, 2023 Paul Muolo The NBA need not worry about Ishbia's wealth...Read More
The YOY Mortgage Job Loss Tally: 41,700, With More to Come… January 6, 2023 Paul Muolo At the end of November, firms classified by the federal government as “real estate credit” had 250,200 full-timers on their payrolls.Read More
Crypto Bank Silvergate Finally Admits Its Exit from Warehouse Finance January 5, 2023 Paul Muolo Silvergate’s warehouse business was led by Elaine Batlis, who had been with the company since 2009...Read More
Lenders Strategize to Get Through a Tough First Half January 5, 2023 Paul Muolo Industry veteran Paul Rozo said his company, PRMG, is playing "the long game"...Read More
Short Takes: It’s All About the Burn / Company Valuations? / FoA’s Debt Nears Ugly / Crypto Warning / Silvergate Update January 4, 2023 Paul Muolo Former warehouse provider Silvergate Capital has seen its share price bounce recently...Read More
Some Mortgage CEO/Owners May Forgo Pay This Year January 3, 2023 Paul Muolo The general belief is that the ugliness brought on by sharply increasing interest rates still has a ways to go.Read More
Short Takes: Ginnie Executive Accused of Leaking Info / Preferential Treatment Too / No Charges Brought / Blackstone Executive Quits FoA Board Immediately January 3, 2023 Paul Muolo The IG came to the conclusion that the SVP violated agency regulations and referred the matter to DOJ...Read More
Short Takes: More Jumbo Worries? (Redfin Report) / Sell at Least One Mansion? / How to Finance NBA Ownership / 17 Comment Letters on New Product Approvals December 29, 2022 Paul Muolo and Namrata Bhatia During the mortgage boom of 2020-2021, some mortgage CEOs went on a mansion-buying spree.Read More
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