Another Warehouse Financier Calls It Quits July 5, 2023 Paul Muolo Fifth Third began building its new warehouse lending business during 2021 when originations were still booming...Read More
loanDepot and Warehouse Financier Part Ways June 21, 2023 Paul Muolo The disclosure was made in new filing with the SEC.Read More
Comerica Sets Exit From Warehouse Lending June 13, 2023 Paul Muolo A sea change could be coming in warehouse finance...Read More
Short Takes: Freddie Offers Automated Paystub Assessment / ‘Soft’ Credit Pulls From Blend / Non-QM MBS From Ares / Fintech Enters Warehouse Sector May 23, 2023 Brandon Ivey The GSE says the addition to its income assessment tool will expand access to credit.Read More
1Q23 Not a Pretty Time for Warehouse Shops May 22, 2023 Paul Muolo Warehouse financiers ended March with $103.0 billion of commitments on their books...Read More
Suggestion for FHLBanks: Fund Nonbanks Indirectly April 4, 2023 Dennis Hollier The Federal Home Loan Banks could help support nonbank mortgage companies by funding the warehouse lenders that fund nonbanks.Read More
Warehouse Volumes Suffer as Profitability Wanes March 14, 2023 Paul Muolo As one financier put it: “I’d estimate 20% to 25% of my lenders missed their profitability covenants"...Read More
Former Non-QM Warehouse Lender Pulls the Plug March 9, 2023 Dennis Hollier Silvergate threw its profitable non-QM business headed by Elaine Batlis out the window...Read More
Struggling Home Point Cancels Gestation Repo Deal with JPMorgan February 6, 2023 Paul Muolo In 2022, Home Point ranked 17th among all residential lenders...Read More
Potential Trouble: Low-Coupon Non-QMs Sitting on Warehouse Lines January 25, 2023 Paul Muolo Others found a way to avoid the day of reckoning, but time may be running out...Read More
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