loanDepot Reaches Milestone on Developing Inhouse Servicing Platform January 4, 2022 Paul Muolo Ginnie Mae mortgages carry a servicing fee of 44 basis points. It can now keep that income all to itself, instead of sharing it with a subservicing vendor...Read More
Short Takes: Buy Low / Issuing More / Nothing to Like? / Ginnie Mae Subservicers, A Smallish Club January 4, 2022 Paul Muolo and John Bancroft Plenty of nonbanks have announced stock buyback programs over the past year...Read More
2022 Is Here. Time to Shine for Purchase-Money Lenders? January 3, 2022 Paul Muolo Squarely in the bullish camp: originators of non-qualified mortgages...Read More
Short Takes: Mortgage Stocks? / WFS Cautious on Lender-Servicers / Margin Improvement? / The 10-Year Rises / I’ve Looked at Servers From Both Sides Now January 3, 2022 Paul Muolo BTIG expects originators will continue to compete aggressively on price, leaving less room for gain-on-sale margin improvement…Read More
The Mortgage Grapevine: More Credit for loanDepot / Signature’s First Warehouse Line? / Little Evidence of Layoffs? / Reductions by Wells / The Biggest Mortgage Stories of 2021 December 30, 2021 Paul Muolo and Brandon Ivey In mortgage banking, it's not necessarily where you've been, but where you're headed...Read More
Fix-and-Flip Lender Buys Ginnie MF Issuer December 30, 2021 Paul Muolo Another deal involving a fix-and-flip specialist, but this time the F&F firm is on the buy side...Read More
Short Takes: Better Odds? / Protecting Shareholders? / Delivering / Talk to Yourself / FHFA’s Consumer Survey December 29, 2021 Paul Muolo and Sam Manas It may be the holiday news lull, but market watchers continue to chatter about Better.com and its prospects...Read More
In Counterclaim, Equity Prime Levies Allegations Against Carrington December 29, 2021 Paul Muolo Equity Prime's lawyers are going to be busy in the new year...Read More
The Debt Wheel Keeps Spinning for Mortgage Firms December 29, 2021 Paul Muolo The cost of money, however, for these lenders is starting to inch up. Then again, not everyone can borrow as cheaply as Rocket Companies...Read More
Short Takes: Sorry, RON / AI Vendor Intros New Product / Tech Vendor Raises Cash / Distressed Mortgage Options / AI’s New President December 28, 2021 Brandon Ivey and Paul Muolo Staircase, a mortgage technology provider, recently raised $18 million in series A funding...Read More