A Good Year for Short-Term Mortgages as Volume Spikes June 27, 2022 Kiavi, formerly known as LendingHome, remained the top short-term lender, with $2.73 billion. Goldman Sachs ranked third...Read More
Major Cutbacks at PIMCO-Owned FGMC June 27, 2022 Paul Muolo Up until recently, PIMCO was an active buyer of non-QM loans...Read More
Short Takes: A Mortgage RIF at JPM? / WARN What? / Bidding on MSRs / A New Jumbo Deal / Greystone Hires FRB Banker as New CEO June 27, 2022 Paul Muolo JPM is working on a new jumbo MBS deal with loans supplied by UWM...Read More
Sources: PIMCO Pulls Support for Non-QM Lender FGMC June 24, 2022 Paul Muolo Launched 30 years ago, FGMC is licensed in 49 states and the District of Columbia.Read More
A Nice Gain for Second-Lien Lending, but Outstandings Shrink June 24, 2022 Paul Muolo Wells Fargo once again ranked first in this specialty niche...Read More
HELOCs Back in Style? Figure is Bullish June 23, 2022 Monica Hogan As Figure's Jackie Frommer noted, “We’re seeing an incredible increase in demand"...Read More
A Nice Pay Raise for Sachem’s Chairman and CEO June 23, 2022 Paul Muolo Sachem, which is a REIT, earned $4.35 million in the first quarter compared to $2.18 million in 4Q21.Read More
More Turbulence for Non-QM Whole Loans? June 22, 2022 Paul Muolo A federally insured bank that had been buying non-QMs on a correspondent basis last month shut its window.Read More
Retail Channel Holds Up (Sort Of) as Jumbos Take a Hit June 16, 2022 Brandon Ivey Retail jumbo lending tends to be dominated by banks...Read More
Lenders Defend Offering DSCR Loans with Negative Cash Flow June 15, 2022 Brandon Ivey Non-agency originator Deephaven Mortgage accepts DSCR ratios as low as 0.75...Read More
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