Mortgage Bankers Continue to Trim, Brokers Add Jobs September 5, 2023 Paul Muolo The Federal Reserve will announce its next decision on interest rates on Sept. 20.Read More
Disbelief: That Better.com Actually Went Public September 1, 2023 Paul Muolo It’s not exactly the best time for a mortgage company to go public, especially with conventional rates north of 7%. But Better.com pulled it off. Then again, its share price is a nightmare and institutional investors are leery.Read More
A New Production Chief at Guaranteed Rate? August 30, 2023 Paul Muolo GR's Chief of Retail Production, John Palmiotto, recently departed for a position at The Money Store in New Jersey.Read More
In Late August, A Smattering of MSR Deals… August 30, 2023 Paul Muolo Rumors are circulating that Wells Fargo may be ready to peel off and sell another chunk of its MSR assets...Read More
Short Takes: Investing in Treasuries / 52.3% of Better.com / Applications Increase / AAM’s Future? / A Clarification August 30, 2023 Paul Muolo and James Dohnert Vendor/lender AAM is conducting a comprehensive review of its non-agency loan origination business...Read More
Blend’s CEO Granted New Compensation Package August 29, 2023 Paul Muolo Like most mortgage-related firms, Blend has struggled with lower originations, which has translated into declining revenue.Read More
Guild’s Hunger for M&A Continues August 29, 2023 Paul Muolo Earlier this year, the San Diego-based Guild bought two franchises: Cherry Creek and Legacy Mortgage...Read More
Short Takes: Another Warehouse Departure? / Change Facing SEC Inquiry? / ICE-BKI Deal Nears Close / Facing Sexual Harassment Charges, NAR President Resigns August 29, 2023 James Dohnert and Paul Muolo Another bank might be throwing in the towel on warehouse finance...Read More
New Disclosures From Better.com: A 2Q23 Loss and Breaches in Fannie Contract August 28, 2023 Paul Muolo To stay out of trouble, in late July the lender had to enter into a “pledge and security” agreement with Fannie...Read More
The LO Bidding Wars Have Ended. Sort Of... August 28, 2023 Paul Muolo One recruiter remarked, "Does anyone in this industry ever rein themselves in?”Read More