Short Takes: Goldman Taps Home Point for IPL Collateral / Silvergate’s Warehouse Business / Trading in Digital Assets / BTIG’s Structured Finance Move / The Racial Divide in Homeownership October 22, 2021 Paul Muolo and Dennis Hollier One of the most active warehouse providers to non-QM lenders is Silvergate Bank in La Jolla...Read More
An Earnings Drop for Warehouse Bank TCB October 21, 2021 Paul Muolo TCB has jettisoned key mortgage assets this year but remains a solid player in warehouse finance...Read More
loanDepot Secures a New LOC with Canadian Bank September 29, 2021 Paul Muolo On the loanDepot facility, Bank of Montreal is acting through its Chicago branch...Read More
A Strong Showing for Warehousers in 2Q21 But Usage Rates Slip September 13, 2021 Paul Muolo According to interviews with warehouse executives and consultants, business remains healthy for the most part but borrowing clients are beginning to reduce their line sizes as retail applications creep downward...Read More
Credit Suisse Readies Unique Non-QM Warehouse Funding Securitization September 3, 2021 Brandon Ivey The deal marks the first warehouse financing securitization to include non-QMs as eligible collateral.Read More
loanDepot Secures Borrowing Facility with Bank of America August 26, 2021 Paul Muolo The credit line, in the form of a master repurchase agreement, was signed on Aug. 20 and expires Sept. 27.Read More
The Reason Behind Non-QM Growth: Plentiful Warehouse Credit August 2, 2021 Paul Muolo Silvergate Bank is one of the more active warehouse financiers in the non-QM space...Read More
Announcing its Desire to be #1, Mr. Cooper Hires Stone to Lead Mortgages July 22, 2021 Paul Muolo Stone's resume includes stays at Renovate America and Global Mortgage Capital, the latter an affiliate of Eli Global...Read More
A Sign of the Times: Warehouse Commitments Begin to Ebb June 14, 2021 Paul Muolo But as always in the mortgage business, it’s not a matter of where you’ve been but where you’re going...Read More
Nomura to Issue its First Warehouse Funding Securitization June 14, 2021 Brandon Ivey Initially, the securitization will facilitate originations by Finance of America Mortgage and Quicken Loans...Read More