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May 8, 2014

Short Takes: PHH Smacked Around, Nationstar Not So Much / Does Fannie Mae Have A Spending Problem? / Time to Short Home Builders, says Gundlach / Portfolio Lenders May Get a QM Break / Regulation Coming to Nonbank Servicers

By Paul Muolo and Brandon Ivey and Thomas Ressler

Fannie Mae reported nice guaranty fee income in first quarter, but as one former GSE executive told us: “Their expenses are out of control.”

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In 2016, what have you been paying your retail residential loan officers, on average, as a commission?

25 to 50 basis points per loan
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