Fix-and-Flip Lender Grows Portfolio by Almost 40% March 31, 2023 Paul Muolo Sachem’s loans range in size from $2,600 to $27.3 million. Wells Fargo is one of its financiers...Read More
Retail Channel’s Share of FHA/VA Lending Drops in 2022 March 30, 2023 Monica Hogan The retail channel's share of FHA/VA lending declined from nearly 50% in 2021 to 36.2% in 2022.Read More
Banks Squirrel Away First Liens. Of Note: First Republic March 29, 2023 Brandon Ivey First Republic's first-lien holdings jumped 28.7% last year...Read More
Little Change in Jumbo Channels but That Won’t Last (Wells) March 28, 2023 Brandon Ivey However, drastic market changes are likely as Wells Fargo ends its correspondent lending efforts...Read More
A Reduction in Pay for the C-Suite at Guild March 28, 2023 Paul Muolo The figure includes salary, stock awards, and non-equity incentive compensation...Read More
HECM Lending Has Its Best Showing Since 2009 March 27, 2023 Monica Hogan The top three HECM lenders in 2022: American Advisors, Mutual of Omaha Mortgage and Finance of America...Read More
loanDepot’s Debt Falls Below 50 Cents on the Dollar March 27, 2023 Paul Muolo LDI Management is forecasting 1Q23 production of $3.0 billion to $5.0 billion...Read More
Despite Deteriorating Values, Banks Boosted MBS/ABS Holdings in 4Q22 March 24, 2023 John Bancroft The biggest increase was in residential MBS, which was up 7.1% in the fourth quarter to $287.23 billion...Read More
Second-Lien Lending Peaked in 3Q22 but Had Strong Full-Year Showing March 23, 2023 Namrata Bhatia The top three originators of home-equity loans last year: Citizens Bank, Wells Fargo and PNC...Read More
A Decline in Mortgage Repurchase Activity by Banks March 21, 2023 Brandon Ivey Then again, mortgage repurchase activity typically tends to fluctuate...Read More
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