Grapevine: The Road Ahead / Impac’s Future September 8, 2022 Paul Muolo, Monica Hogan, and Sam Manas The mortgage industry is facing challenging times, thanks, in part, to the Fed’s constant rate hikes. Fighting inflation is a laudable goal but lenders wonder how badly the housing-finance system might be damaged.Read More
The Mortgage Correction: What Inning Are We In? September 8, 2022 Paul Muolo A reminder of 2008 or something else entirely?Read More
Is it 2023 Already? No, But UWM (Like Someone Else) Hikes Conforming Loan Limits Early September 8, 2022 Paul Muolo A possible trend: hiking GSE loan limits prior to the new year...Read More
Short Takes: More Cash for MF Owners / Fannie Selling NPLs / MIAC’s Bridge Loan Auction / Moody’s on Redwood / UWM Dives Into HELOCs September 8, 2022 Paul Muolo and Brandon Ivey Fannie Mae is ready to unload almost $1 billion in NPLs...Read More
Sprout Mortgage’s West Coast Team Finds a New Home September 7, 2022 Paul Muolo Sprout's owner presently is trying to sell his penthouse on Park Place in Manhattan for $26.5 million...Read More
Nonbanks Joining the FHLBs? No, Says ICBA September 7, 2022 Paul Muolo ICBA says it looks forward to working with regulators on FHLB policies. However...Read More
Short Takes: Rocket Hikes Conforming Loan Limits for Brokers / A Drop in New Business / Texas Capital Selling Sub for $3.4B / The Top Three EC Shops / A New Hire for Blend September 7, 2022 Paul Muolo Rocket ups its game in wholesale...Read More
Conventional FRMs Headed to 6% and Then Some? September 6, 2022 Paul Muolo BTIG: "Investors appear to be still feeling their way around the accelerated wind-down of the Fed's balance sheet"...Read More
Short Takes: Getting Priced Out of California / A Focus on Affordable Housing / Headquartered in CA? / A 40-Year Loan / Bank-Nonbank M&A in Texas September 6, 2022 Paul Muolo Newrez rolls out a 40-year loan. Will others follow suit?Read More
Another Month, Another Reduction in Mortgage Jobs. Home Point Trims Staff… September 2, 2022 Paul Muolo For the cycle, mortgage banking employment peaked in June 2021 at 297,600 positions...Read More