Grapevine: Trouble in Fix-and-Flip Land? / About Nonbanks… March 23, 2023 Paul Muolo and Dennis Hollier There are plenty of fix-and-flip home sales but profitability is starting to slip. Meanwhile, in his new book, Calabria takes a poke at nonbanks.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
Altisource Launches Non-Agency Lending Efforts March 23, 2023 Brandon Ivey The underwriting of AAM's mortgages is outsourced to India...Read More
First Republic for Sale? What Might Its Jumbo Whole Loans be Worth? March 22, 2023 Paul Muolo One of FRB's products is the jumbo IO...Read More
Future of Nation’s Largest Nonprime Servicer SPS? CS Won't Say March 20, 2023 Paul Muolo SPS has a portfolio size of $141.0 billion and a dominant market share of 42.9%...Read More
Parent of Sterling Bank Pleads Guilty to Charge Involving Non-QMs March 16, 2023 Brandon Ivey Sterling remains under investigation by the SEC but bank management doesn't believe it will result in an enforcement action...Read More
Non-QM Players Navigating a Volatile Secondary Market March 15, 2023 Brandon Ivey Ellington and other non-QM funders have emphasized having a diversity of borrowing sources...Read More
A Slight Increase for Nonprime Servicing Balances March 15, 2023 Brandon Ivey Credit Suisse’s Select Portfolio Servicing was the largest nonprime servicer, by far, at Dec. 31, with $141.0 billion...Read More
Jumbo Lender FRB Gets Assistance From the Fed, JPM; Stock Clocked March 13, 2023 Paul Muolo In 2022, FRB funded $31.6 billion in non-agency jumbos, an 8% gain from 2021...Read More
The Lone Origination Bright Spot for 2022: Expanded-Credit March 13, 2023 Brandon Ivey The top three expanded-credit lenders in 2022: Citibank, Angel Oak and Guaranteed Rate...Read More
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