loanDepot Scales Back a Repo Line, Announces New JV November 2, 2022 Paul Muolo The expiration date on the repo was extended to Oct. 26, 2023...Read More
Short Takes: GSE Earnings, When? / 50 Cents / A Vendor Closes / James B. Nutter Too / Born: A Correspondent Non-QM Lender November 2, 2022 Paul Muolo and Brandon Ivey The Promontory Financial mothership was sold to IBM five years ago...Read More
WARN Act Violations Cited in FGMC Bankruptcy Case November 1, 2022 Paul Muolo The information is based on an amended declaration made by CEO Aaron Samples...Read More
LO Headhunting Continues Unabated (Somewhat) November 1, 2022 Paul Muolo Hiring more loan officers, now? Mortgage bankers, at times, can be an optimistic lot....Read More
Short Takes: Profits, Then Stock Sales / Preliminary Results From Starwood / The Non-QM Impairment Rate / A Pickup in MSR Auctions November 1, 2022 Paul Muolo and Brandon Ivey The impairment rate on securitized non-qualified mortgages increased to 3.8% at the end of September...Read More
PRMG, Others in the Hunt to ‘Sign Up’ Finance of America Branches October 31, 2022 Paul Muolo Guaranteed Rate had hoped to takeover a large chunk of the FoA network but the deal fell apart...Read More
As Expected, MSRs a Panacea in 3Q22. But for How Much Longer? October 31, 2022 Paul Muolo Sometimes, it pays not to hedge MSRs...Read More
Short Takes: An Exclusive Lending Club / Public vs. Private / BayFirst Exits the Arena / UWM’s Earnings? / Fannie and Freddie? October 31, 2022 Paul Muolo It should be an interesting earnings quarter for UWM...Read More
MSRs Aid PennyMac’s Performance, REIT Affiliate Posts a Profit October 28, 2022 Paul Muolo Thanks to its strong performance, PennyMac will pay a third quarter cash dividend of 20 cents a share...Read More
Showing No Love for Agency MBS? Yep... October 28, 2022 Paul Muolo Some market watchers, like Barry Habib of MBS Highway, believe mortgage rates may have peaked...Read More