An Uptick in Warehouse Activity but Worries Remain June 11, 2019 Paul Muolo One West Coast-based manager singled out what he called “low-ball pricing”... Read More
What We’re Hearing: A Speculator’s Dream (or Nightmare) / Feeling Good These Days: Warehouse Banks and their Customers / Habib Sees a Recession Coming / Throwing Cold Water on a Quick Stock Sale by Fannie and Freddie June 7, 2019 Paul Muolo A Fannie/Freddie stock sale could take three to four years, says Raymond James & Associates in a new report...Read More
Flagstar Faces Financial Exposure on Failure of Reverse Lender May 13, 2019 Dennis Hollier Reverse lender Live Well Financial of Virginia closed its doors last week, laying off roughly 100 full-timers... Read More
VA Lender Renews Warehouse Credit Facility May 10, 2019 George Brooks NewDay USA has renewed its warehouse facility for $100 million, bringing total warehouse commitments to $400 million.Read More
What We’re Hearing: The Return of Impac’s Co-Founder / Surviving Somehow / Vista Point Mortgage Arrives / Mangiaracina Hopeful / Armageddon Times? (Avoided) / Warehouse Rising May 10, 2019 Paul Muolo Bill Ashmore's new venture is based in Irvine, CA, home to many entrepreneurial mortgage shops...Read More
Short Takes: Bucking the Origination Trend: BofA and USB / A Strong Quarter for Warehouse Bank Texas Capital / Reliant Hires RoundPoint as a Subservicer / Waterstone in the Hunt for a CEO / A New Hire for Guaranteed Rate April 19, 2019 Paul Muolo A stand-out was Texas Capital's “loans held for investment” program which ended the quarter at $6.30 billion, up 34% from a year ago. Read More
Short Takes: Standing Room Only / Respect the Caps Bill Introduced (Has Nothing to do with Hockey) / Signs of Life in Warehouse Lending / Radian Director Won’t be Back April 15, 2019 Paul Muolo and Dennis Hollier Thanks to lower rates, warehouse providers are seeing signs of life once again...Read More
Texas Capital’s Warehouse Business is Doing Well but Its Share Price is in the Dumps December 31, 2018 Paul Muolo Usually, Texas Capital doesn’t talk about its warehouse business, but EVP Jack Nunnery recently opened up a bit about what other warehouse lenders are saying…Read More
Caught in the Market’s Down-Draft: Texas Capital, the Nation’s Second Largest Warehouse Provider December 10, 2018 Paul Muolo The warehouse lending sector has experienced a noticeable decline in profit margins…Read More
Indiana Bank Pays off Debt to Home Point and Agrees to Buy its Warehouse Unit, NattyMac December 7, 2018 Paul Muolo Founded by industry vet Willie Newman, Home Point is owned by investment funds managed by Stone Point Capital...Read More
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