CSBS Hopes to Avoid Another LO License Renewal Mess March 16, 2022 Sam Manas The high latency rate was due to the sheer volume of LO license renewals...Read More
Short Takes: A Lower Profit and GOS for Guild / Market Share Gains? / In the Hunt for Production Shops / A Busy MorVest / A New Directorship for Former GSE Exec March 11, 2022 Paul Muolo One MorVest client is looking to buy lenders producing $1 billion to $3 billion per year...Read More
Applications Rise Nicely but Don’t Get Used to It March 9, 2022 Paul Muolo As one veteran warehouse manager put it: “We’re sucking wind, like everyone else.”Read More
A Major Layoff in the Works at Better.com March 8, 2022 Among all originators, Better.com ranked 17th in 2021, according to Inside Mortgage Finance...Read More
As Lenders Cut Heads, a Migration to Loan Brokerage Shops? March 4, 2022 Paul Muolo "Massive" layoffs by mortgage bankers? That's how one CEO sees it...Read More
Short Takes: Better.com’s New Hire / Check the Tape / Insider Buying is Good, Right? / CDFI Issues Second Non-QM Deal / A (Presidents) Day Off February 18, 2022 Paul Muolo and Brandon Ivey Piper Sandler on loanDepot: "In our view, the stock is pricing-in a very long downturn in the mortgage market"... Read More
CFPB Study Suggests Mortgage Bankers Have a Diversity Problem February 16, 2022 Sam Manas Mortgage banking firms were the largest part of the sample with 104 institutions.Read More
Another Streamlining Move for Home Point: Nonbank Will Outsource Servicing Function February 14, 2022 Paul Muolo The third-party vendor, ServiceMac, ranks ninth among all subservicers, according to figures compiled by Inside Mortgage Finance.Read More
Freddie Hires Wells Veteran as General Counsel, Adds Two Directors February 14, 2022 Dennis Hollier The mortgage giant finds a permanent general counsel and adds two new directors...Read More
FHA Facing a Severe Talent Drain? February 11, 2022 Monica Hogan Dana Wade, a former FHA commissioner, said that like other employers, the federal government is experiencing issues from the Great Resignation, compounded by an aging workforce...Read More
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