Grapevine: Battle of the Mortgage Titans / Better August 11, 2022 Paul Muolo UWM outearned Rocket in the second quarter, but mortgage banking is a nine-inning game. Meanwhile, not only is Better.com struggling, so is its chief benefactor, SoftBank.Read More
LoanDepot Discloses Warehouse Waivers, Raises the Specter of Reorganization August 11, 2022 Paul Muolo The company, ranked seventh by Inside Mortgage Finance, is not alone when it comes to warehouse waivers being granted.Read More
Short Takes: Passing the (Stress) Test With Flying Colors / Why? / A Loss for Home Point / MSR Values / LD’s LO Count / Hiring: Fairway August 11, 2022 Dennis Hollier and Paul Muolo In the April-June period, Willie Newman’s shop sold some of its mortgage servicing rights, grossing $257.3 million on the transactions…Read More
A Brutal Quarter for loanDepot: A Large Loss, Layoffs, Wholesale Shuttered August 10, 2022 Paul Muolo The California-based lender/servicer went public at $14.00 a share in February 2021...Read More
Short Takes: Better Troubles? / The SoftBank Question / A $750 Million Loan / Dumping SoFi Shares / #34 and Slipping August 10, 2022 Paul Muolo A large loan to Better.com from SoftBank is something to keep an eye on...Read More
Fitch: 89% of Homes Are Overvalued, Cautions About the West August 9, 2022 Paul Muolo In particular, Fitch sees the housing picture worsening in the west during the second half of 2022.Read More
Short Takes: A GOS of Just 30 BPs? / The Hurt to Come / UWM Declares a Dividend / Impac? / AO Hires HomePoint Manager August 9, 2022 Paul Muolo UWM declares a dividend, payable in October...Read More
Cenlar Chief Tornquist Retires, Former GSE Executives Fill the Void August 8, 2022 Paul Muolo The press-shy, privately held vendor made headlines last fall when it was sanctioned by the OCC...Read More
GSE MSRs Up for Grabs August 8, 2022 Paul Muolo The market for MSRs continues to simmer. A busy fall ahead?Read More
Short Takes: Trying Something New / M&A Strategies / Maybe an ESOP Deal? / Slow Prepayment Speeds Remain / Mortgage Fraud in the Big Easy August 8, 2022 Paul Muolo and Monica Hogan Another possibility? Selling your company to the employees...Read More