Non-QM Wholesaler Rescinds Rate-Lock Changes April 4, 2022 Brandon Ivey and Paul Muolo The firm added, “We understand the change caused confusion and stress for you and your borrowers and for that we apologize.”Read More
Phoenix Selling Texas-Heavy Conventional and Government Product April 4, 2022 Paul Muolo Another day, another MSR auction...Read More
Short Takes: Dimon on Rates / Needed: Flexibility / 50 x 4 / Redfin Swallows Mortgage Banker / Full Time on Ventures April 4, 2022 Paul Muolo A sure bet: rising rates. Can anything change the equation?Read More
The Mortgage Job Loss Tally: Brokers Add Workers, Bankers Cut April 1, 2022 Paul Muolo A search of WARN Act filings in California revealed very few recent mortgage-related layoffs in the state.Read More
Mortgage Tech Firm Blend Posts Large Loss, Stock Gets Crushed April 1, 2022 Paul Muolo Chairman Ghamsari said, “As we navigate through this rapid mortgage industry reset, our priorities are to drive customer adoption of our expanding software solutions"...Read More
Short Takes: It’s a Wrap / A Flood of MSR Deals? / The M&A Market / A Large SFR MBS / Dems Want Answers on Wells Fargo April 1, 2022 Paul Muolo and Sam Manas Look for a busy second quarter in terms of M&A sales...Read More
Finance of America Granted Waiver from Fannie March 31, 2022 Paul Muolo Two senior executives are leaving FoA: Patricia Cook and Bill Dallas...Read More
Short Takes: Tightening the Rules on SPACs / Still Hoping… / Time to Expand? / Rates / A Cut in FHA Premiums? March 31, 2022 Paul Muolo A new regulatory reality for SPACs?Read More
OCC Applying ‘Heightened Standards’ to Subservicing Giant Cenlar March 30, 2022 Paul Muolo This past fall, the OCC issued a consent order against Cenlar, citing “identified deficiencies” in regard to its subservicing business...Read More
Short Takes: A Decline in Yields (For Now) / Purchase-Centric / Everyone’s Gripe / Cooperman and Cooper / Not Ready to Retire Quite Yet March 30, 2022 Paul Muolo A break in the rate rise action...Read More