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March 8, 2013

Nationstar Wins TBW Bid? / Agency MBS Takes a Breather in February / Mortgage Brokers Rock / Ed DeMarco, the Most Powerful Man in Mortgage Finance Today? / Broker Sheds Tears Over New Subprime Firm

Nationstar appears to be the winning bidder on the Taylor Bean & Whitaker MSR pacakge. Meanwhile: Ed DeMarco, the most powerful man in mortgage finance today?

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Poll

The Supreme Court recently decided that mortgage loan officers are entitled to overtime pay. How has this affected your shop?

It's a very big deal, but our company will limit OT pay or pay very little.
It’s sort of a big deal, but we have no plans to pay overtime pay at all.
We have no problem paying our LOs OT.
We’re still studying the case and have not yet decided what to do.

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