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Redwood Trust has priced a new stock offering that is aimed at increasing funding to new initiatives like investments in the single-family rental and multifamily sectors as well as routine business.
July 25 -
The March acquisitions of a warehouse lending portfolio and eight California bank branches helped fuel a 22% increase in net income.
July 24 -
Flagstar Bancorp returned to profitability in the first quarter after tax reform caused a loss in fourth quarter, but its mortgage revenues dropped 15% due to margin compression and lower volume.
April 24 -
There is an oncoming liquidity crisis that will force consolidation in the mortgage industry as margins tighten and funding sources dry up.
March 28 -
The Michigan company has been acquisitive lately, buying California branches and a wealth advisory firm.
February 21 -
Warehouse lines of credit are getting more expensive as short-term interest rates rise, and lenders have limited options for reducing their costs.
January 29 -
Competition between fintech, marketplace and traditional mortgage lenders often focuses on borrower-facing automation and other technology. What gets overlooked is how differences in their funding sources create another area of competition.
October 17 -
Three executives from Vanguard Funding are facing fraud charges related to their alleged misuse of nearly $9 million in warehouse lending funds.
September 18 -
Redwood Trust is raising $225 million in a debt offering with the proceeds to be used to repay borrowings that come due next year.
August 14 -
Borrowers with variable-rate debt affected by Federal Reserve rate hikes showed they could handle December's 25-basis-point increase, but that could be changing as short-term rates continue to rise.
July 20