Announcing its Desire to be #1, Mr. Cooper Hires Stone to Lead Mortgages July 22, 2021 Paul Muolo Stone's resume includes stays at Renovate America and Global Mortgage Capital, the latter an affiliate of Eli Global...Read More
A Sign of the Times: Warehouse Commitments Begin to Ebb June 14, 2021 Paul Muolo But as always in the mortgage business, it’s not a matter of where you’ve been but where you’re going...Read More
Nomura to Issue its First Warehouse Funding Securitization June 14, 2021 Brandon Ivey Initially, the securitization will facilitate originations by Finance of America Mortgage and Quicken Loans...Read More
Departures in Texas Capital’s Warehouse Group June 10, 2021 Paul Muolo On the way out, via his retirement, is veteran Jack Nunnery, who will be replaced by one of his lieutenants, Madison Simm. Nunnery has been with TCB for 14 years...Read More
Short Takes: Whalen Weighs In on UWM / Lightning That Won’t Strike in the Same Place / Guild’s Track Record with LOs / The Key: Low Financial Leverage May 14, 2021 Paul Muolo Did anyone really think the gain-on-sale margins of 3Q20 and 4Q20 would last forever?Read More
PennyMac Taps Structured Finance Vehicle to Lever MSRs May 12, 2021 As one company official explained, “This gets us off the bank balance sheet.”Read More
Wells Fargo’s Former Warehouse Chief Lands in New York April 27, 2021 Paul Muolo As Wells trims its presence in warehouse finance, the former head of the department lands at Signature Bank...Read More
NewRez Turns to Securitization Market for Warehouse Financing April 27, 2021 Brandon Ivey NewRez had $4.3 billion of loan funding capacity across nine warehouse credit facilities prior to the securitization.Read More
NYCB Moves to Swallow a Big Mortgage Fish: Flagstar April 26, 2021 Paul Muolo Interestingly, NYCB, which reduced its presence in home lending long ago, will now be a major player once again.Read More
Ocwen Will Pay a ‘Modest’ Premium for Texas Capital’s MSRs April 22, 2021 Paul Muolo For Ocwen, the acquisitions represent a chance to grow its lending business and bolster its MSR portfolio. Read More
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