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Another Top Executive Departs Clayton: Joe D’Urso Is Out as President; Former Blackstone Executive Named as Interim

March 9, 2016
Paul Muolo
D’Urso is the second top executive to leave Clayton over the past six months. Another key departure came this past fall when Tom Donatacci left...
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Lenders Plan for Growth but Anxious About Compliance

March 9, 2016
Thomas Ressler
Roughly 88 percent of lenders said they expect to grow their mortgage origination business in 2016...
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PHH Corp. Weighs Its ‘Strategic Options’ Once Again. But Will Anyone Bite?

March 9, 2016
Paul Muolo
PHH has been losing money and so far this year its stock price has been hammered.
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More Fannie/Freddie Buyback Relief Waiting in the Wings?

March 9, 2016
John Bancroft
The Federal Housing Finance Agency cautioned that the pilots are in their early stages...
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The Final Tally on 4Q15 Nonbank Mortgage Income: Erratic Results

March 9, 2016
John Bancroft
How well the nonbanks have done with regulators – and dealing with volatile interest rate swings – is best looked at through the prism of their share prices. And in that regard, Ocwen Financial has suffered the most, easily.
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The QM Rule Didn’t Chill Mortgage Credit – Blame ‘Market Dynamics’ Instead

March 8, 2016
Thomas Ressler
The market had largely abandoned risky lending products before the QM rule ever kicked in…
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CFPB Now Accepting Complaints About Online ‘Marketplace’ Lenders

March 8, 2016
Thomas Ressler
Marketplace lenders may want to beef up their compliance staffs: The CFPB is now accepting complaints.
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M&A Talk Heats Up. PIMCO and RPM Are Looking, but…

March 8, 2016
Paul Muolo
Early last year PIMCO still had designs on RoundPoint Mortgage, Charlotte, which ranks 23rd among residential servicers, according to a tally from Inside Mortgage Finance.
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Short Takes: The Big TRID CFPB Pow-Wow / Pete Mills of MBA Weighs in on TRID at LO Show / 80 Percent of Lenders Having Problems? / A Loss for Parent of Nonbank / NCRC Chief Will Give Up One Title and Keep One

March 8, 2016
Paul Muolo
TRID errors were a topic of discussion at the LendersOne mortgage cooperative meeting in New Orleans. Pete Mills, senior vice president of the Mortgage Bankers Association, was giving a presentation.
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GSE MBS Market Share Continues to Fall; 2015 the Lowest Reading In Eight Years

March 7, 2016
John Bancroft
February’s new issuance was also the lowest monthly total for the GSEs since May 2014...
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