Reverse Lender CEO Earned $3M Last Year April 2, 2024 Paul Muolo In 2021, while serving as FoA's president, Fleming's pay package totaled $17.6 million...Read More
Short Takes: Silver Lining in Delayed Annual Report / More MSRs on Offer / Plenty of Buyers / New Translated Glossaries From CFPB April 2, 2024 Brandon Ivey and Paul Muolo Better's annual report for 2023 will be delayed due to some corrections for the firm's results for 2022.Read More
As Late Payments on Non-QMs Rise, Lenders Take Note April 1, 2024 Paul Muolo Loan trader Tad Dahlke said he’s seeing a pickup in delinquencies on non-QMs as well as Ginnie Mae loans...Read More
Short Takes: A Prudential Regulator of Nonbanks? / Source of Info: FHFA OIG / Rood’s New AI Project / Beyonce Name Drops Fannie / A Promotion at Fannie April 1, 2024 Paul Muolo and Brandon Ivey Beyonce (yes, that Beyonce): “Wildfire burnt his house down. Insurance ain’t going to pay no Fannie Mae.”Read More
As Non-QM Delinquencies Rise, Lenders Take Note March 29, 2024 Paul Muolo Delinquencies on non-QMs are starting to keep some senior managers up at night. The fear: a wave of buyback requests.Read More
For Sale: MSRs With a Delinquency Rate North of 5% March 27, 2024 Paul Muolo The delinquency rate on the conventional loans is 5.23%.Read More
Headwinds for the Subservicing Sector March 25, 2024 Paul Muolo What might the future hold for Select Portfolio Servicing, now the property of UBS?Read More
Almost Three Years After Bank Bought AmeriHome, More Departures March 25, 2024 Paul Muolo Roughly three years ago, AmeriHome, a nonbank planning an IPO, was sold to Western Alliance Bank for $1 billion...Read More
Short Takes: A Nice Gain for the GSEs / A Reward From the Court / Baseball Talk Instead / FoA’s Debt Price / Appraisal Challenge March 25, 2024 Paul Muolo and Brandon Ivey Debt issued by nonbank mortgage firms continues to stay above 90 cents on the dollar, with one exception...Read More
A Mini Revival for Ginnie Early Buyouts? March 21, 2024 Paul Muolo Hope springs eternal for a revival in Ginnie Mae early buyout activity this year. Two missing ingredients: a steeper decline in mortgage rates and an end to the VA moratorium on foreclosures.Read More