January 16, 2020By Paul MuoloMortgage Grapevine: A Rare Wholesale Acquisition / The Nonbank Risk DebateA wholesale lender M&A deal? Indeed. Meanwhile, the debate over nonbank mortgage risk rages on.
January 9, 2020By Paul MuoloWall Street Lines Up to Take Nonprime Lender PublicConventional nonbank lender/servicers have been closed out of the IPO market for several years now. But if you fall into the nonprime category, it’s a different picture. Velocity is about to test the stock market waters.
December 19, 2019By Paul MuoloSterling Suspends Non-QM Program, Fires LOs, Vows ReturnSterling Bancorp’s non-QM program is under the microscope because of documentation problems. But there are no losses. Stay tuned.