Mortgage Bankers Get Pink Slips, Brokerage Employment Almost Flat December 3, 2021 Paul Muolo The loan brokerage sector fared a bit better with layoffs of just 200 workers...Read More
Some Publicly Traded Lenders Move to Cut Costs December 3, 2021 Paul Muolo Personnel costs are something to keep an eye on in the waning months of the largest refi boom ever...Read More
GR’s $2 Billion-a-Year Loan Officer. How He Did It… December 3, 2021 Sam Manas One consultant estimated that Banosian must have a team of at least 200 people around him...Read More
On the Rise and Gaining Ground: Purchase Lending December 2, 2021 The top three purchase lenders through the first nine months of 2021: PennyMac, Wells Fargo and UWM...Read More
Mr. Cooper Feeling a Bit More Bullish About 4Q21. EBOs Help… December 1, 2021 Paul Muolo Mr. Cooper also revealed the sale of its reverse unit should close by Dec. 31...Read More
Banks Report Strong Gain in ABS Holdings During 3Q21 December 1, 2021 John Bancroft The biggest move in auto ABS was made by KeyBank, which added $2.82 billion of these assets to its investment portfolio...Read More
MBA: Lending Profits Improve but Expenses Continue to be a Problem November 30, 2021 Paul Muolo MBA's Marina Walsh noted, “Per-loan production expenses continued to rise for the fifth consecutive quarter, reaching the second-highest level ever reported.”Read More
Banks' Mortgage Banking Income Rebounds in 3Q21 November 30, 2021 Call-report data suggest the industry saw gains on both servicing and loan sales...Read More
Banks Grow Portfolios of Loans Serviced for Others November 29, 2021 John Bancroft Truist Bank boosted its SFO accounts by $20.12 billion during the third quarter...Read More
Short Takes: loanDepot Falls Below $5.00 / Cash-out Refis to the Rescue? / The ‘Oldest’ Mortgage Stock? / Guaranteed Rate’s $40 Million Man? November 29, 2021 Paul Muolo A GR LO cracks the $2 billion mark in originations. Are there others out there?Read More
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