Quicken Loses Large Broker Partner, Blames BRAWL, UWM and its CEO August 15, 2018 Paul Muolo CEO Mat Ishbia: “We are not sure why Quicken Loans has decided to bring UWM into this situation."Read More
Moody’s Gives loanDepot an ‘Average’ Assessment August 15, 2018 Brandon Ivey This spring, loanDepot was rumored to be a takeover target of Internet retailer Amazon.com…Read More
RBS Agrees to Pay DOJ $4.9 Billion to Settle MBS Fraud Charges August 15, 2018 Paul Muolo Among those subprime MBS investors: Fannie Mae and Freddie Mac.Read More
RBS Agrees to Pay DOJ $4.9 Billion to Settle MBS Fraud Charges August 14, 2018 Paul Muolo Overall, RBS underwrote $261.1 billion of subprime securities during the go-go years...Read More
Short Takes: GSE Nonprime Holdings Keep Shrinking / However… / Production Remains Strong at UWM / LendingTree’s Share Price: Down, Down, Down / Lenders One Promotes Kuentz to CEO August 14, 2018 Paul Muolo and John Bancroft Fannie and Freddie stopped acquiring nonprime mortgages during the financial crisis, but they haven’t completely avoided the loans... Read More
VA Doesn’t Like Bill that Would Increase Costs on Vet Home Loans August 14, 2018 George Brooks Both the VA and residential originators believe the fee increase would be used to cover expanded health-care benefits…Read More
Expanded-Credit Mortgage Securitization Falters Ever So Slightly in 2Q18 August 14, 2018 John Bancroft The biggest increase has been in the new breed of Alt A securities…Read More
In a Tough Lending Market, Geneva is Attracting LOs – by Offering Comp of 250 BPs August 13, 2018 Paul Muolo Geneva CEO Aaron VanTrojen: “I think I have a target on my back.”Read More
Short Takes: Beware CECL Accounting? (Fannie/Freddie) / What it Means / MIAC Selling Multifamily Servicing Rights / C2 Financial, Who are They? / Mayer Brown’s New Mortgage Attorney August 13, 2018 Paul Muolo Beware CECL accounting?Read More
Movement Mortgage Hires Top Recruiter from Academy Mortgage August 13, 2018 Paul Muolo Green will help Movement Mortgage recruit new loan officers…Read More
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