Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Caliber Home Loans on track for public debut

Caliber Home Loans on track for public debut

FromHousingWire Daily


Caliber Home Loans on track for public debut

FromHousingWire Daily

ratings:
Length:
8 minutes
Released:
Oct 5, 2020
Format:
Podcast episode

Description

In today’s Daily Download episode, HousingWire covers a report that claims Texas-based mortgage lender Caliber Home Loans will potentially go public this year at a valuation over $2B.For some background on the story, here’s a summary of the article:Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report.The company, owned by private equity firm Lone Star Funds, filed confidential IPO paperwork with the Securities and Exchange Commission and could make its public debut as soon as next week, the Wall Street Journal reported Thursday.Caliber, headed by CEO Sanjiv Das, has retail, wholesale and correspondent lending channels, and has developed a large book of business in the purchase space. It originated about $36 billion in mortgages during the first half of the year, according to Inside Mortgage Finance.Though it sells many of its loans – $22 billion in MSRs year-to-date – Caliber is also one of the largest servicers in the country, according to data and analytics firm Recursion. As of Sept. 1, Caliber was the nation’s 13th-largest agency mortgage servicer, with about 2% market share, for a total of $136 billion. That placed Caliber just behind United Wholesale Mortgage.Following the main story, HousingWire covers a report that shows the number of mortgages in active forbearance rose by 21,000 after six weeks of steady declines, as well as a report from the Labor Department that indicates the U.S. unemployment rate in September hit a six-month low of 7.9%.The Daily Download examines the most compelling articles reported from the HousingWire newsroom every day. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. This podcast is hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.HousingWire articles covered in this episode:Caliber Home Loans plans $2B-plus IPOLoans in forbearance gain after 6 weeks of declineUS unemployment drops to six-month low of 7.9%
Released:
Oct 5, 2020
Format:
Podcast episode

Titles in the series (100)

HousingWire Daily examines the most compelling mortgage, real estate, and fintech articles reported across HW Media. Each afternoon, the HW team provides our listeners with a deeper look into the stories that are helping Move Markets Forward. Hosted and produced by the HW Media team.