The bank wants to be a force in warehouse finance. Last fall it hired industry veteran Donnie Martin to oversee the effort. The bank plans to finance nonbank mortgage companies by mid-summer.
The Trump White House wants the Fed to cut rates but with employment healthy and U.S. deficits growing larger, that’s not likely to happen. One casualty: MBS prices.
Non-QM lender/servicer Acra is in the hunt for a new CEO. Other changes may be in the offing too — as the sale of Acra’s parent, HPS, to BlackRock draws closer.