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
Short Takes: Midwest RE Firm Buys Stake in CA Lender / A Comeback of Sorts / A Strong 4Q22 for Texas Capital / Messina Gets Another Title at Ocwen January 24, 2023 Paul Muolo Glen Messina gets the chairman's hat at Ocwen Financial...Read More
A $1 Billion Loss for Silvergate as Ex-Warehouser Clings to 'Digital' January 19, 2023 Paul Muolo During 4Q22, Silvergate liquidated $5.2 billion (face value) of debt securities.Read More
Silvergate Bolts Warehouse, Is Committed to Crypto January 17, 2023 Paul Muolo Silvergate's share price has rebounded somewhat but is still 145 points below its 52-week high...Read More
Crypto Bank Silvergate Finally Admits Its Exit from Warehouse Finance January 5, 2023 Paul Muolo Silvergate’s warehouse business was led by Elaine Batlis, who had been with the company since 2009...Read More
Short Takes: It’s All About the Burn / Company Valuations? / FoA’s Debt Nears Ugly / Crypto Warning / Silvergate Update January 4, 2023 Paul Muolo Former warehouse provider Silvergate Capital has seen its share price bounce recently...Read More
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