Acra Lending Collaborates With Money Manager for Non-QMs May 10, 2024 Paul Muolo The Irvine, CA-based lender has teamed up with a money manager to buy non-QMs.Read More
Acra Taps Money Manager for Non-QM Sales May 9, 2024 Paul Muolo Acra is once again entertaining the idea of issuing MBS through its own shelf. The wholesaler has also teamed up with a money manager.Read More
U.S. Bank Offloads Some of Its Massive MSR Holdings May 9, 2024 Paul Muolo When mortgage bankers think of megabanks selling MSRs, Wells Fargo comes to mind. But U.S. Bank is selling servicing rights as well. Its latest sale: a $15 billion package of GSE rights.Read More
A Positive of Sorts: Nonbank Debt Trading North of Par May 9, 2024 Paul Muolo If you’re looking for signs of hope in a difficult mortgage market, a source of inspiration might be the debt values of certain lender/servicers.Read More
Loss Widens at loanDepot, GOS Improves May 8, 2024 Paul Muolo A cyber "incident" cost loanDepot at least $15 million in charges for the first quarter of 2024.Read More
Revenues Plunge at Reverse Lender Finance of America May 7, 2024 Paul Muolo Total revenues fell to $74.6 million in the first quarter of 2024 from $275.7 million in 4Q23.Read More
An Uneven Story on Mortgage CEO Comp May 6, 2024 Paul Muolo Another CEO who received a large comp hike last year even though his company posted a huge loss was Vishal Garg of Better Mortgage...Read More
Mortgage Pink Slips Keep Coming, but Relief May Be in the Air May 6, 2024 Paul Muolo It’s unclear at this point whether lenders will need to trim additional staff...Read More
Short Takes: A Bullish Sign for Three NBs / Getting No (Stock Price) Respect: FanFred / FSOC Readies Nonbank Servicing Report / A Little M&A / Changes at Stronghill May 6, 2024 Paul Muolo and Brandon Ivey Some of Stronghill's non-QM production workers are already interviewing elsewhere...Read More
Homebridge Close to Issuing HELOC Securitization May 3, 2024 Paul Muolo To date, Homebridge has mostly sold HELOCs originated by its broker network to investors, servicing-released.Read More