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February 7, 2014

What We’re Hearing: Lender Pays a $1 Million Signing Bonus for Top LO / Ocwen About to Make Nice With New York? / Huge Delinquencies in Wells MSR Portfolio That Ocwen is Buying / Was McFarland Up for a CSP Job? / CFPB’s Cordray Stumbles on Opera (Yes, Opera)

By Paul Muolo

What’s the best way to entice a workaholic mortgage loan officer who knows how to bring home the bacon? Answer: Pay them a huge signing bonus.

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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