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Home » Topics » IMFnews » Warehouse

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Financiers Take an Interest in Non-QM Sector. Cantor Fitzgerald Making the Rounds

June 19, 2018
Paul Muolo
At least two foreign-based investment banks are ready to enter the non-QM market...
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As Originations Slow, Warehouse Providers Face Tight Profit Margins, Riskier Credits

May 15, 2018
Paul Muolo
According to a tally by Inside Mortgage Finance, few warehouse providers bucked the trend of falling commitments.
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Short Takes: USMI Seconds that GSE Emotion / Don’t Hold Your Breath / Mid America Enters the Warehouse Arena / Fannie Selling NPLs / A Recession Coming? / Freddie Gets a New Chief Compliance Officer

May 15, 2018
Carisa Chappell and Paul Muolo
Barry Habib, who heads MBS Highway, believe that within two years, the U.S. will be in a recession...
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As Originations Slow, Warehouse Providers Face Tight Profit Margins at Some Borrowers and Riskier Credits

May 10, 2018
The nation’s warehouse providers ended the first quarter with $63.0 billion of commitments on their books, a slight decline from yearend and a gain compared to March 2017, but the numbers mask some of the pain being felt in the sector. [Includes one data chart.]
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Origination Profit Margins Stay Ugly. Is Relief on the Way?

May 7, 2018
Paul Muolo
One consultant said he’s conducted 14 warehouse reviews on lenders this year with 11 of them turning a profit and three losing money.
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Short Takes: HUD Yanks Approvals on 23 Lenders, Most of Them Banks / Goldman Sachs, Warehouse Lender, but… / Rep. Waters None Too Happy with Mulvaney / A Document Dump is Requested / A Promotion at J.G. Wentworth

April 30, 2018
Paul Muolo
Rep. Waters wants CFPB acting director Mulvaney to turn over documents regarding meetings he's had with the industry...
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Short Takes: Losses at Privately Held Shops? / Refis Near a 10-Year Low / Will the CFPB Target Rate-Lock Commitment Abuses? / Strong Earnings for Radian but Clayton a Drag / A New Hire for United Wholesale

April 26, 2018
Paul Muolo and Yemeng Yang
Radian's mortgage and real estate services division – which includes due diligence provider The Clayton Group – continues to struggle...
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Warehouse Commitments Begin to Suffer, ‘Usage Levels’ Fall into the Ugly Zone

March 6, 2018
Paul Muolo
With rates rising steadily since late last year and refinancing growing scarce, nonbanks are now experiencing weak origination volumes…
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Warehouse Commitments Begin to Slow in a Rising Rate Environment

March 1, 2018
Warehouse providers ended 2017 with an estimated $67.0 billion of commitments on their books, flat compared to the prior quarter and a sign that growth in the sector, at least for now, is taking a respite in the wake of higher interest rates.
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Burned by Borrower Fraud, Santander Sells Its Warehouse Business to Flagstar

February 22, 2018
Flagstar Bancorp agreed Tuesday to buy the mortgage warehouse loan portfolio from Santander Bank. The deal will make Flagstar the fourth largest warehouse loan provider by commitments.
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