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Production Profitability Takes It On the Chin

March 22, 2022
Paul Muolo
MBA: "With revenue tightening and volume slowing, it is becoming increasingly important for companies to adjust costs"...
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Bill Dallas Departs Finance of America as Management Reorg Commences

March 18, 2022
Paul Muolo
FoA went public via a special purpose acquisition company maneuver in April 2021...
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Ethnicity of Loan Originator a Factor in Mortgage Denials

March 18, 2022
Brandon Ivey
The researchers noted that the views expressed in the report are not (necessarily) those of the Dallas Fed or of any entity within the Federal Reserve System.
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Senate Committee Approves Thompson as FHFA Chief

March 17, 2022
Dennis Hollier
The nomination of Sandra Thompson to head the Federal Housing Finance Agency moved forward this week when the Senate Banking Committee voted 13-11 in her favor.
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As Better Pines for Public Ownership, Lender Hires ‘Chief People’ Person

March 17, 2022
Paul Muolo
Before Better, Benson-Armer served as a senior partner at McKinsey...
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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...
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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...
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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.”
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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...
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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...
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