loanDepot Scales Back a Repo Line, Announces New JV November 2, 2022 Paul Muolo The expiration date on the repo was extended to Oct. 26, 2023...Read More
Despite Closure, Sprout Mortgage Still Active in the Secondary Market October 19, 2022 Paul Muolo Meanwhile, Sprout was recently sued by a subsidiary of title insurance giant First American Financial Corporation...Read More
What Goes Up, Comes Down: Nonbank Repo Lines October 14, 2022 Paul Muolo One veteran warehouse manager, requesting anonymity, said his nonbank clients are looking to reduce spending anywhere they can.Read More
Home Point Cancels Credit Suisse Repo Line October 12, 2022 Paul Muolo Home Point said the lender and CS "mutually agreed to terminate" the master repurchase agreement...Read More
Short Takes: 4,000 Mortgage Jobs Disappear / Brokers Hiring? / LO to Broker? / loanDepot Trims Funding Lines / A New CTO for Xome October 7, 2022 Paul Muolo It appears that loan brokerage firms added jobs...Read More
How Many Home Lenders are Losing Money? A Lot September 22, 2022 Paul Muolo Some shops, public and private alike, are living off the largess of the past two years.Read More
When in Doubt, Nonbanks Trim or Kill Their Repo Lines September 21, 2022 Paul Muolo The cancellation list reads like a who’s who of mortgage banking...Read More
In a Tough Market, Fifth Third Moves Ahead With Warehouse Initiative September 20, 2022 Paul Muolo The new warehouse effort comes at a difficult time for nonbank borrowers...Read More
Warehouse Commitments Continue to Head South September 15, 2022 Paul Muolo When nonbanks hurt, so too do their financiers...Read More
LoanDepot Discloses Warehouse Waivers, Raises the Specter of Reorganization August 11, 2022 Paul Muolo The company, ranked seventh by Inside Mortgage Finance, is not alone when it comes to warehouse waivers being granted.Read More
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