Mortgage Industry Trends

Paul Muolo had a great column about the shake out in the mortgage space and basically, if you don't have capital, you're screw

National Mortgage News is reporting that Citigroup has signed an agreement to buy Argent. Roland Arnall is cashing out of the mortgage business.

I was just over at a discussion board, and there was a posting, evidently from someone outside the industry, gleeful

Normally when I read WSJ Editorials, I'm amused at how they can talk with such authority about something they appear to know little of- such as when they talk about the vast dangers that GSEs pose to

That is what was reported yesterday in National Mortgage News. That represents around 4.4% of their 2006 production.

Evidently, this was Merrill Lynch that made this request in December.

National Mortgage News is reporting that talks between ResMae and Credit Suisse have broken down, Resmae has filed for Bankruptacy and has agre

I mean, I don't see them buying up mortgage bankers, closing them down or pulling warehouse lines in an effort to eliminate competition.

Merrill Lynch anyone.

Sometime Thursday night, Lenders Direct made a decision to completely shut down their wholesale operations. They maintain a retail business.

It's often been said that there is no loyalty in the mortgage loan origination business.