Short Takes: Rising Conventional Rates / Jumbos Too / A Challenge Lies Ahead / Cutting Costs / New Hires March 24, 2022 Paul Muolo Consultant Joe Garrett is telling lenders to cut costs now...Read More
A Trying Time for Originators as Rates Spike North of 4% March 24, 2022 Paul Muolo A year of transition? Tough times require action on the part of mortgage CEOs. Some shops are adding new products and branch networks. Others are pulling the layoff lever.Read More
FoA Revamps Organizational Structure, Business Reporting Lines March 24, 2022 Paul Muolo Finance of America recently posted a huge 4Q21 loss and saw its president depart. Challenges remain, to say the least.Read More
Wither the Ginnie EBO Market? Not Quite March 23, 2022 Paul Muolo A few days earlier, Mortgage Industry Advisory Corp. unveiled a Ginnie EBO package with $1.11 billion of product.Read More
Short Takes: UWM Gets Proactive on Non-QMs / Rental Income the Determinant / Anyone Else? / Higher Rates and Lower Applications / A 20% Layoff? March 23, 2022 Paul Muolo We anticipate that some of UWM’s competitors will follow the Pontiac-based shop down the non-QM road...Read More
Production Profitability Takes It On the Chin March 22, 2022 Paul Muolo MBA: "With revenue tightening and volume slowing, it is becoming increasingly important for companies to adjust costs"...Read More
Short Takes: Rocket CEO Sets Up Stock-Buying Plan / Up to $36 Million / Foul Poles Too / Spring EQ Expands HE Guidelines March 22, 2022 Paul Muolo and Brandon Ivey The impairment rate on securitized non-qualified mortgages held steady in January...Read More
Phoenix Sets Bulk/Flow MSR Auction March 21, 2022 Paul Muolo The selling institution is a retail specialist...Read More
Short Takes: Pondering a Sale Once Again / Employees as Buyers? / The 10-Year / A Rare Distinction / More Money for HUD March 21, 2022 Paul Muolo and Monica Hogan One convenient way to dispose of a mortgage company: sell it to the employees...Read More
Searching for a Gain-on-Sale Floor... March 18, 2022 Paul Muolo With the first quarter of 2022 drawing to a close, lenders and analysts alike are searching for green shoots of stability...Read More