Fitch Worries About Servicing and Nonbank Capital November 16, 2022 Paul Muolo Last month, Fitch issued peer reviews on six shops...Read More
UWM Extends Rate Buydowns, Offering Temporary Discounts of Up to 300 BPs November 16, 2022 Paul Muolo There are different variations on the rate discount...Read More
Short Takes: Some Turbulence for Rocket / About Those Dividends… / UWM’s Streak Will Continue / New Applications / LD Cancels JVB Line November 16, 2022 Paul Muolo UWM's CEO said he will keep paying a dividend on the common...Read More
Another Record Reading on MMIF Capital: An Eye Popping 11.11% November 15, 2022 Monica Hogan and Paul Muolo At Sept. 30, the FHA had a book of business totaling $1.275 trillion...Read More
A Loss for Better.com’s Merger Partner, ‘Going Concern’ Issue Raised November 15, 2022 Paul Muolo Better’s founder and CEO Vishal Garg isn’t mentioned in the 10-Q except for some references in the footnotes.Read More
Short Takes: Not Bad for a Governmental Subprime Program / About the Cut… / No One’s Squawking? / A Market Share of 18% / A New RMBS Offering November 15, 2022 Paul Muolo One grizzled FHA/GNMA consulting veteran reminded us, "There is no free lunch”...Read More
loanDepot’s Debt Price Nears the 50 Cents Threshold November 14, 2022 Paul Muolo Deeply discounted debt is not a good sign...Read More
Short Takes: Can It Last? / What Might Save Housing / #42 and Sinking / Yet More Layoffs / Movement in the Hunt (M&A) November 14, 2022 Paul Muolo About Better's IPO/SPAC...Read More
CrossCountry Circling Angel Oak’s Branches November 11, 2022 Paul Muolo Among originators, CrossCountry ranks 19th overall, according to Inside Mortgage Finance...Read More
Short Takes: The UWM ‘Effect’ / A GOS of Just 4 BPs / Controlling Profit Margins? / No Visibility for Impac / MSR Sales / A Plea on VA Fees November 11, 2022 Paul Muolo and Monica Hogan One bank turns MSRs into cash. The buyer? PNC.Read More