Seven (Banking) Bellwethers Report 3Q Originations. The Verdict? October 20, 2022 Paul Muolo The big question on the minds of many is just how good or bad the nation’s nonbanks performed in 3Q...Read More
PE-Backed Marlin Strikes a Deal for LoanFront October 20, 2022 Paul Muolo Marlin also has its eye on correspondent lending...Read More
Short Takes: Prepping for Branch Closures / Would You Like to Keep the Copier? / A Stronger Profit for Texas Capital / Coming Soon: loanDepot’s 3Q22 Results October 20, 2022 Paul Muolo Finance of America is preparing to close retail branches outright...Read More
Ally’s Investment in Better.com Mars 3Q Earnings October 19, 2022 Paul Muolo On Tuesday, Ally filed notice that the depository’s CFO, Jennifer LeClair, had stepped down effective immediately.Read More
Despite Closure, Sprout Mortgage Still Active in the Secondary Market October 19, 2022 Paul Muolo Meanwhile, Sprout was recently sued by a subsidiary of title insurance giant First American Financial Corporation...Read More
Fitch Hits Finance of America With a Downgrade. What’s Left? October 18, 2022 Paul Muolo FoA's MSR assets are rapidly dwindling...Read More
Short Takes: NDM Hires Former loanDepot Wholesale Manager / Also… / More Stock Sales by LD Insiders / Job Losses at Clear Capital / A Sudden Departure at Ally / Tozer Weighs In October 18, 2022 Paul Muolo and Monica Hogan Insiders at loanDepot keep unloading shares...Read More
U.S. Bank Bucks the Trend, Increases Home Lending in 3Q. A Large Decline for BofA October 17, 2022 Paul Muolo BofA also reduced its home-equity volume, producing $2.4 billion of loans in 3Q22 compared to $2.5 billion the quarter before...Read More
Marlin's MSR Holdings Top $45 Billion With Room to Grow... October 17, 2022 Paul Muolo Marlin's Andrew Weber: “There’s a lot of servicing out there that’s going to come forward into the market."Read More
Short Takes: $2.4B of MSRs Up for Grabs / A Glow Around MI Firms / Don’t Worry, Things Will be Okay / VA Seeks Comments / A Promotion at CSBS October 17, 2022 Paul Muolo and Monica Hogan Time to be somewhat bullish on mortgage insurers?Read More