Stratmor Sees a Strong Year for Mortgage M&A. However… January 3, 2019 Brandon Ivey However, Steve Harris, president of MIAC Capital Markets, said he sees a weak market when it comes to “franchise” deals. Read More
A Not-So-Pretty 4Q18 for GSE MBS Issuance January 3, 2019 John Bancroft Fannie and Freddie continued to see a slippage in the purchase market…Read More
Short Takes: A Government Shutdown-Related Reminder from Fannie Mae / A Fundraising Record for MBA’s MORPAC / Rising Worries, Falling Rates / Nervous / AI Gets a New (Annual) President January 2, 2019 Paul Muolo and Brandon Ivey At press time, the yield on the benchmark 10-year Treasury was at 2.67 percent, the lowest reading in almost 12 months…Read More
Loan Officer OT Pay Case Sent Back to Lower Court, Dealing a Blow to LOs January 2, 2019 Brandon Ivey According to the ruling by the appeals court, Citizens pays its LOs $11.50 an hour along with commissions based on volume…Read More
PennyMac Financial Cuts New Employment Deals with Top Officers January 2, 2019 Paul Muolo Kurland was given an annual base salary of $900,000 from Jan. 1 of this year until Dec. 31, plus cash and equity incentives.Read More
Analysts Positive on VA’s Interim Rule on Cash-Out Refis, but… December 31, 2018 George Brooks The rule creates two types of cash-out refinances…Read More
Employee Satisfaction at the CFPB Plunges December 31, 2018 Yemeng Yang A CFPB spokesperson said that 2018 was, no doubt, “a tumultuous year of great change.”Read More
Short Takes: Worrying About the IRS / NRMLA Talking to Members about the HECM Situation / Most Underwriting Can Continue / Mnuchin’s Future / OCC Hires SBC Attorney December 31, 2018 Paul Muolo Capital Alpha Partners: “Mnuchin’s job is in danger the same as any cabinet member under Trump...." Read More
Interest-Only Lending Declines in Third Quarter December 31, 2018 Brandon Ivey First Republic Bank, the top IO lender in the group, originated $1.68 billion of product…Read More
GSE Credit Scoring Models: The Future is Unwritten December 31, 2018 Dennis Hollier Fannie and Freddie tossed out the idea of creating their own internal models as impractical...Read More
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