A Nice Gain for Warehouse Lending in 3Q24 December 16, 2024 Paul Muolo Another positive sign: Usage rates remain in the 50% to 60% range.Read More
Flagstar's CFO Departs, Lee Smith Named to Replace Him December 16, 2024 Paul Muolo Gifford, just a few days ago, gave notice to Flagstar that he will be leaving the federally insured depository.Read More
Indiana Bank Changes Mind on Unloading Warehouse Unit November 27, 2024 Paul Muolo The buyer of Horizon's warehouse unit was not identified in the 8-K.Read More
Short Takes: Mixed Trends Among Agency MBS Issuers / Home Sales Expected to Increase / Provident Bank Hires Warehouse VP From Flagstar / Achieve Expands HELOC Offerings November 12, 2024 John Bancroft and Brandon Ivey While agency MBS issuance surged in October, some of the top sellers posted declines in volume compared with September.Read More
Bank of Oklahoma, Primis Enter the Warehouse Arena November 11, 2024 Paul Muolo BOK's warehouse effort will be led by industry veteran Donnie Martin, who's worked at Texas Capital and other banks.Read More
Scotiabank to Enter Mortgage Warehouse Lending Space August 13, 2024 Paul Muolo Scotiabank hired the managing director of Chase's mortgage warehouse unit.Read More
Short Takes: Positive Outlook for Acra / New Co-CEO at Dynex / NYCB Touts Simplified Business Model July 23, 2024 Brandon Ivey Non-QM lender Acra Lending has been profitable in the last three years.Read More
Rocket Draws a New LOC. But What Might It Buy? July 3, 2024 Paul Muolo Borrowings under the new credit agreement are unsecured. A commitment fee also was involved.Read More
It’s a Go: NYCB’s Reverse Stock Split Set July 3, 2024 Paul Muolo Presently, there are two nonbank mortgage stocks in the throes of a reverse stock split: Better and FoA...Read More
JPM Stays Mum on Fate of Flagstar's Warehouse Staff July 1, 2024 Paul Muolo As one consultant put it, “We hope they all survive. They’ve been a great team.”Read More
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