When the Going Gets Tough, the Tough Cut LO Pay June 13, 2018 Paul Muolo Aggressive nonbank lenders are willing to offer 100 to 200 basis points per loan…Read More
THL Closes on Investment in Guaranteed Rate. Nonbank Anticipates Record Production This Year June 13, 2018 Paul Muolo Despite heralding the investment made by Thomas H. Lee Partners, Guaranteed Rate will not say how much the PE firm invested or how large of a stake it acquired…Read More
Short Takes: Budget Cuts at the CFPB? / BCFP not CFPB / Sounding the Alarm on U.S. Debt / A Flow Servicing Platform Run by the GSEs / A New Hire for United Fidelity June 13, 2018 Paul Muolo Do federal deficits even matter anymore? Jeff Gundlach thinks so...Read More
Mortgage M&A Mania has Finally Arrived. Who’s Next? June 12, 2018 Paul Muolo Mark Stafford, managing director of MS Capital Advisors: “Margin compression is real and many companies lost money in the first quarter.”Read More
Lenders Pessimistic About Profit Margins for 3Q18, Cuts to Staff Expected June 12, 2018 Brandon Ivey Fannie Mae: “We expect this will prompt businesses to turn to cost-cutting..."Read More
FHFA Proposes Minimum Capital Requirements for Fannie and Freddie. An RBC ‘Bill’ of $181 Billion June 12, 2018 Paul Muolo By comparison, commercial banks must have tier 1 capital of 8.0 percent of risk-weighted assets. Read More
Retail Channel Gained Share in Some Markets June 12, 2018 John Bancroft Mortgage brokers actually gained some share in the government market…Read More
Sierra Pacific Hires Ex-Stearns, Ex-Wells Executive Goulding June 12, 2018 Paul Muolo A 34-year veteran of the home lending industry, Goulding also worked for Wells Fargo Home Mortgage…Read More
Short Takes: No Relief in Sight for GSE Common / Pershing Square in a World of (GSE) Hurt? / JMP Likes Impac / Consumer Data Collection Returns to the CFPB / Plaza Home Promotes Fontaine June 12, 2018 Paul Muolo and Yemeng Yang JMP likes the higher profit margins that accompany non-QM lending…Read More
American Action Forum: Merge the GSEs into HUD. (You Heard that Right) June 11, 2018 Carisa Chappell The AAF warns against the GSEs becoming private entities again, noting there’s no way for them to raise enough capital…Read More
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