When In Doubt, Hedge Those MSRs July 11, 2024 Paul Muolo Hedging-related inquiries from MSR holders are on the rise with a possible Fed rate cut in the wind.Read More
Brokers Add Jobs, Mortgage Bankers Keep Trimming July 8, 2024 Paul Muolo The BLS reading on mortgage employment trails the national numbers by a month.Read More
Bain Jumps Into the Fix-n-Flip Market With Acquisition July 8, 2024 Paul Muolo A few months back, Bain bought a stake in two different mortgage software companies...Read More
Short Takes: Warrant Trouble for FoA / Exercisable at $11.50 / Rates and MSR Values / Redwood’s New RMBS Deal / A Promotion at Embrace July 8, 2024 Paul Muolo KBW noted that a majority of the mortgage market is “still well over 300 basis points out-of-the-money to refinance”…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
Adjusting to a ‘New (Mortgage) Normal’ July 3, 2024 Paul Muolo APM has strung together a string of profitable months. It's not alone...Read More
Short Takes: More Action in the Non-QM Market / Eye on the 10-Year / FHA and Appraisals / The Fair Lending Exam Count / A New Hire for Waterstone July 3, 2024 Monica Hogan, Shannon Clark, and Paul Muolo Gain-on-sale margins are getting tight once again...Read More
FHB Appoints New Warehouse Chief as Garrett Retires July 2, 2024 Paul Muolo Under Garrett's tenure, First Horizon has funded more than $1 trillion in mortgage loans.Read More
Short Takes: A Record Month for CMG / The Names, Please... / #12 / GNMA MSRs Up for Grabs / Silvergate Fined by the Federal Reserve July 2, 2024 Paul Muolo Overall, CMG Mortgage listed the names of 12 loan officers who posted recent record-breaking months...Read More