Flagstar’s warehouse business was left unscathed by the recent loss at its parent, NYCB. However, it doesn’t take much to make a nonbank feel queasy when the unexpected happens at one of its financiers.

Michael Strauss is accused of funneling roughly $27 million out of the company before its demise in the summer of 2023.

One warehouse manager noted, "We see few opportunities, but for the most part everyone has plenty of capacity.”

One possible option for Finance of America is a reverse stock split...

The portfolio is top heavy in California product...

Investors greeted “at-the-market” equity offerings by REITs fairly well last year. One analyst described the activity as “defensive” capital raises that strengthen the balance sheet.

Buying 5% to 6% bulk MSRs in the secondary market might seem like a crazy idea given the prepayment risks involved. But the longer mortgage rates stay higher, the more it looks like a smart move.

San Diego-based Guild Mortgage said it’s buying origination assets from one of Utah’s largest lenders. Given the recent jump in interest rates, some believe the “roll-up” of shops is just getting started.

In late 2022, Academy agreed to pay $38.5 million in damages to resolve allegations it violated the False Claims Act.

At yearend, Marlin owned roughly $43.87 billion in Fannie/Freddie MSRs...