Cecala

It provides reverse mortgages, which allow senior citizens to tap the value of their homes but which some regulators have attacked as "predatory," says newsletter publisher Guy Cecala .

In Tribute to Wells, Banks Try the Hard Sell Randall Smith 2011

While BofA attributed the move to a new focus on its "core mortgage operations," Mr. Cecala says "they also probably want to reduce their presence in areas where there could be liability and exposure."

In Tribute to Wells, Banks Try the Hard Sell Randall Smith 2011

Until those wind their way through the system, Cecala said, "we can't talk about home prices stabilizing and returning to anything approaching normal market conditions."

Pelosi, lawmakers call for federal probe on mortgage lenders Brady Dennis 2010

It doesn't currently have a correspondent unit, according to Guy Cecala of Inside Mortgage Finance.

BofA May Sell Piece of Mortgage Business to Fortress Dan Fitzpatrick 2011

Cecala , publisher of trade publication Inside Mortgage Finance, estimates hard-money loans will account for about 1% of the 5.5 million mortgages expected to be originated this year.

Investors Who Do a Few Mortgages on the Side Dawn Wotapka 2011

Guy Cecala, publisher of Inside Mortgage Finance, said such a move would "delay significantly any recovery of the housing market."

Pelosi, lawmakers call for federal probe on mortgage lenders Brady Dennis 2010

Some firms bought these lenders in the hopes they would "have a manufacturing unit" for loans that could be packaged into securities, said Guy Cecala , editor of Inside Mortgage Finance.

U.S. Says Deutsche Bank Lied Chad Bray 2011

"It's unlikely you'll see much of a market for securitization of subprime loans occurring anytime soon because investors won't touch the product," says Guy Cecala , publisher of trade publication Inside Mortgage Finance.

Pioneer to Revisit Subprime A.D. Pruitt 2011

"It is a huge retreat," said Guy Cecala, publisher of Inside Mortgage Finance.

Bank of America to Exit Another Line Dan Fitzpatrick 2011

"You'd have to be fairly desperate to take that in the current market," says Guy Cecala , publisher of Inside Mortgage Finance.

Riskier Loans Make a Comeback, as Private Firms Take the Field AnnaMaria Andriotis 2011