Tough Times On the Application Front. Hope for March? February 16, 2022 Paul Muolo As one veteran manager characterized it: “It is what it is.”Read More
Unison Plots Growth in Home-Equity Sharing February 16, 2022 Paul Muolo The “A” bond on the securitization pays investors 4.5%...Read More
Short Takes: CRA for CA NBs? / A Job Creating Change / FHFA Nominee Will Have to Wait / TX CU Hires Mortgage Chief February 16, 2022 Dennis Hollier and Paul Muolo An indirect victim of political bickering: FHA nominee Sandra Thompson...Read More
A Stellar Year and Quarter for Fannie Mae, Net Worth Climbs to $47.4 Billion February 15, 2022 Paul Muolo and Dennis Hollier Fannie's net worth keeps climbing but its new CFO notes the MBS guarantor is "significantly" undercapitalized...Read More
Short Takes: Betting On Your Company / UWM’s MSR Sales / A Completed SPAC / The Competition for Talent / FannieMae.com? February 15, 2022 Paul Muolo A good time to cash out of MSRs? For some, yes...Read More
Another Streamlining Move for Home Point: Nonbank Will Outsource Servicing Function February 14, 2022 Paul Muolo The third-party vendor, ServiceMac, ranks ninth among all subservicers, according to figures compiled by Inside Mortgage Finance.Read More
Short Takes: Some Improvement / Situs’ Stake / Waiting, Waiting … / Rocket and Barbie / A New CPO for Sagent February 14, 2022 Paul Muolo The market is still waiting on fourth quarter results on two top-three ranked home lenders: Rocket Mortgage and United Wholesale Mortgage.Read More
Headed for a Correction: Lending Payrolls February 11, 2022 Paul Muolo The mortgage employment boom of 2020-2021 is drawing to a close. One ray of hope for the recently laid-off: the non-QM sector.Read More
A Challenging Nine Months for Better.com February 11, 2022 Paul Muolo Nine-month revenues for 2021 totaled $903.1 million.Read More
Servicing Sales? Off the Charts February 11, 2022 Paul Muolo Nonbanks are more willing than ever to part with their MSRs...Read More