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Promontory MortgagePath Snags Former Top CFPB Attorney to Head Compliance Department

March 6, 2018
Paul Muolo
PMP was founded by former Comptroller of the Currency Eugene Ludwig and mortgage industry veteran Bruce Witherell…
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Impac Set to Report Fourth Quarter Results Next Week

March 6, 2018
Paul Muolo
The company’s largest individual shareholder is Southern California businessman Richard Pickup...
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Short Takes: PIMCO Shows a Strong Interest in RPLs / A Tough Profit Picture for 1Q18? / Thinning the LO Herd? / Texas Capital Weighs In / Stearns Hires Former Caliber Executive

March 6, 2018
Paul Muolo
Texas Capital: “Nonbank competitors may have a pricing advantage as they are not subject to the same capital maintenance requirements..."
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GSE Loan Buybacks Fell Sharply in 4Q17, Second Lowest Reading Ever

March 5, 2018
John Bancroft
Wells Fargo led the pack in GSE buyback activity for the fourth quarter…
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AIG Issuing Jumbo MBS from its Own Shelf

March 5, 2018
Brandon Ivey
Loans from several of lenders will be included, led by Homestreet Bank with a 12.5 percent share…
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Nationstar Plans to Cut Ties to Philippine Vendors, Cites Political and Economic Risk

March 5, 2018
Paul Muolo
India and the Philippines “are subject to relatively higher degrees of political and social instability and may lack the infrastructure to withstand political unrest or natural disasters,” Nationstar said.
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FHFA Inspector General Worries About Potential MI Risks

March 5, 2018
Carisa Chappell
The FHFA Inspector General worries that relying on a small number of counterparties increases the GSEs’ risk exposure…
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The Seasonal Downturn Strikes: GSE Production Declined in February

March 5, 2018
John Bancroft
Business levels at the two were not the same: Fannie MBS issuance was down 14.1 percent from January, while Freddie production was up 0.5 percent…
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Short Takes: Nationstar’s Other Suitor? / Break it Into Three / Ex-Stearns CEO Brian Hale Resurfaces / Too Many Vacancies, Not Enough Interested Individuals? / NewDay Hires SVP

March 5, 2018
Paul Muolo
It’s believed that one of the “pieces” the new owner planned to spin off was Xome, a real estate vendor that works with consumers…
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Mortgage Securities Investors Have Mixed Feelings About CFPB

March 5, 2018
The CFPB’s impact on the mortgage-backed security market remained a touchy subject at the SFIG Vegas conference last week. MBS investors are encouraged that the bureau is more willing to listen to industry participants, but they have concerns about assignee liability and grim predictions about increased regulation by the states. For a time after the CFPB implemented the TILA-RESPA Integrated Disclosure rule, sales of non-agency mortgages were difficult to complete. TRID includes assignee liability ...
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