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
loanDepot Amends Borrowing Lines With Signature, NexBank December 28, 2022 Paul Muolo The collateral for the LOCs: Freddie Mac MSRs...Read More
Angel Oak Announces Changes to Repo Line Language December 21, 2022 Paul Muolo The 8-K suggests the deal buys Angel Oak more time as it copes with a turbulent market.Read More
Go Figure, a Mortgage-Related SPAC Hits the Wall December 21, 2022 Paul Muolo FAC is headed by financial services fintech pioneer Mike Cagney...Read More
As Business Dips, A Period of Transition for Warehouse Lenders December 12, 2022 Paul Muolo It’s not so much that commitment levels are down, but usage rates are tumbling...Read More
FDIC-Insured Crypto Lender Pulls the Plug on Warehouse Finance December 1, 2022 Paul Muolo Sources told Inside Mortgage Finance that Silvergate is transferring its warehouse business to another bank...Read More
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