New Applications Head South (for Now) September 30, 2020 Paul Muolo In other words, unless forced to, originators don’t need to cut rates to gain customers because they’re swamped... Read More
Short Takes: Passing the $1 Trillion Mark? / No Signs of a True Slowdown / Plain and Simple: Banks Aren’t Aggressive / By the Way... / New Branches for Ohio Lender September 29, 2020 Paul Muolo When it comes to mortgages, are commercial banks aggressive enough?Read More
MBA Blames Dicey Jobs Market for Lack of Forbearance Exits September 28, 2020 Paul Muolo According to Black Knight, as of Sept. 22, 3.6 million mortgagors were in some type of relief program.Read More
Short Takes: Calabria Weighs In on Corporate Culture / 3Q20 GSE Earnings? / The MSR Value Turnaround / A Nice Gain for HECM Lending / Stearns Exec Gets CTO Job at Vendor September 28, 2020 Dennis Hollier and Paul Muolo In some cases, shops were selling Ginnie MSRs into a negative position...Read More
Need Underwriters and Processors? Be Prepared to Pay Up September 28, 2020 Paul Muolo When did the salary inflation start? Back in April — when the COVID-19 pandemic accelerated in the U.S....Read More
Short Takes: In Focus: Big News for Brokers / Investing in Technology / The Rankings / The Readings / An Auction From MIAC September 25, 2020 Paul Muolo Fun fact: Among the top 10 wholesalers, not one is a depository…Read More
Grapevine: All Aboard the IPO Plane / Made in Michigan September 25, 2020 Paul Muolo and Brandon Ivey Are some of the nation's largest nonbank home lenders pining to go public as originations toy with record volumes? Rumors abound.Read More
SitusAMC Strikes a Deal for CMBS Servicer Cohen September 24, 2020 Paul Muolo Now may not be the best time to expand in the commercial MBS space, but SitusAMC has bought the assets of Cohen Financial. A contrarian play?Read More
Raking in the Dough, PFSI Taps the Debt Market September 24, 2020 Paul Muolo Another day and another debt offering by a mortgage company. This time around the issuer is PennyMac Financial, a top-ranked Ginnie Mae issuer.Read More
Short Takes: Batman vs. Superman / One Over the Other? / Mortgages and Basketball / Doing Their Part for Urban Renewal / Angel Oak’s Expansion Plans September 24, 2020 Paul Muolo and Brandon Ivey Verus is launching a commercial lending division while Angel Oak expands in the West...Read More