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Coming This Fall: Congressionally Mandated Salary Caps for Fannie/Freddie CEOs?

September 16, 2015
Carisa Chappell
GSE watchers anticipate the salary cap legislation will be signed into law this fall.
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Mortgage Employment Holds Steady; Fewer Layoffs This Fall?

September 16, 2015
Paul Muolo
Paul Hindman of Grid Origination Services noted that any public company CEO who does not deliver on performance mandates “is at risk, more so than ever in today’s market.”
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Is it Good or Bad News That the GSEs Are Losing Market Share?

September 16, 2015
John Bancroft
Back in the early years after the financial crisis, Fannie and Freddie accounted for 60.0 percent or more of primary-market originations...
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Ocwen Now Expects a Loss for 2015; More Layoffs Planned; Oh, and It Hopes to be a Top 10 Lender

September 15, 2015
Paul Muolo
According to figures compiled by Inside Mortgage Finance, Ocwen may have a long way to go in meeting its production dreams...
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HARP Refi Volume Just About Flat in 2Q15

September 15, 2015
John Bancroft
Fannie Mae had a slight increase in HARP activity and accounted for 59.3 percent of the total for the two GSEs...
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Short Takes: Almost All GSE-Related Legislation is DoA / Don’t Kill the Golden Goose / Those Crazy Common Investors / The GSEs Are Worth $105 Billion? / Brian Webster’s Resume

September 15, 2015
Paul Muolo
In 2Q, the GSEs earned $8.8 billion combined. Multiply that by four (quarters) and then three (years) and you get $105.6 billion.
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Radian Launches Two Jumbo MI Offerings, Including Product for Medical Professionals

September 15, 2015
Brandon Ivey
It seems that more MI firms are sticking their toes into the jumbo waters...
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Bank of America Remains the Mortgage Repurchase King

September 15, 2015
John Bancroft
Bank of America still leads the industry in buybacks with $539 million on a year-to-date basis, or 28.5 percent of the total for all banks.
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Another Regulator Cashes In as Webster Bolts CFPB for Wells Fargo

September 15, 2015
Thomas Ressler
The trend continues: Work for the CFPB for a year or so and then cash out...
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Ocwen Now Expects a Loss for 2015, Unveils Cost Cuts; Oh, and It Hopes to be a Top 10 Lender

September 15, 2015
Paul Muolo
Ocwen blames the anticipated loss on lower revenue and higher operating expenses.
Read More
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