Founded by industry vet Willie Newman, Home Point is owned by investment funds managed by Stone Point Capital...

Commitment levels are decent, but nonbanks just aren’t using the lines they’ve been granted.

Warehouse lenders ended the third quarter with $65.0 billion of commitments to nonbanks on their books, a modest 3.0 percent sequential decline, according to a new Inside Mortgage Finance analysis. [Includes one data chart.]

One warehouse chief even suggested that in 1Q19, as many as 70 percent of nonbanks will lose money before the spring homebuying season kicks in.

Nonbanks need to come up with a contingency plan if warehouse lines of credit and other forms of financing are not renewed or are reduced.

loanDepot, one of the nation’s largest nonbank home lenders, has come to market with a $300 million warehouse-related securitization for its Mello digital lending division. Three of the deal’s five tranches have received ratings from Moody’s Investors Service. The other two were not rated.

Clayton Services has been hired to conduct due diligence reviews every 90 days on 100 randomly selected loans.

The fact that these initiatives were ever approved by the FHFA angered critics of the government-sponsored enterprises…

Fannie Mae continues to mine for non-existent companies that might show up on the consumer loan applications submitted to its seller-servicers...

Warehouse executives speaking on a panel at this week’s annual Mortgage Bankers Association convention offered a somewhat bleak view of the market.