Starwood Readies MBS Backed by Non-QMs November 28, 2017 Brandon Ivey Starwood president Jeffrey DiModica said the REIT will hold more than $500 million of non-agency mortgages by yearend...Read More
Short Takes: Day 2, Mulvaney is Still in Charge / Waiting on Judge Kelly to Decide / Look for an Appeal / Raj Date Resurfaces, Sort of / Soros Fund Joins MBA November 28, 2017 Paul Muolo and Thomas Ressler Depending on the judge’s decision, the losing party will appeal…Read More
Judge Makes it Official: Mulvaney is the Acting Director of the CFPB; Will English Appeal? November 28, 2017 Paul Muolo Some legal observers believe if Trump had acted first and not hesitated in picking Mulvaney, English would never have been named by Cordray and this whole mini-crisis avoided.Read More
‘Expanded Credit’ Originations Increase Ever so Slightly in 3Q17 November 27, 2017 Brandon Ivey Non-QMs account for the bulk of expanded-credit originations, with a 78.0 percent share…Read More
Former FHA Commissioner/Ocwen Director Galante Suggests Raising the FHA Capital Ratio November 27, 2017 George Brooks Galante called for stronger capital reserves that could withstand the level of economic stress of the last recession.Read More
Impac President William Ashmore Has Left the Building November 27, 2017 Paul Muolo The lender/servicer is expected to name a successor to Ashmore shortly…Read More
Wells Fargo has its Executives on a Short Leash November 27, 2017 Paul Muolo When Codel was let go he forfeited restricted stock options…Read More
New CFPB Acting Director Mulvaney Tells Staff He’s in Charge November 27, 2017 Paul Muolo and Thomas Ressler OMB Director Mick Mulvaney arrived on G Street Monday morning, carrying a brown shopping bag and declaring he was the acting director of the CFPB…Read More
Short Takes: Don’t Ask Us, Try OMB / English has OMB Roots / Radian Sells Clayton Unit / Subprime Standards Tighten / Guild Expands into North Dakota November 27, 2017 Brandon Ivey, Paul Muolo, and Thomas Ressler Guild Mortgage, San Diego, has expanded its presence in the Midwest...Read More
New (Acting) CFPB Director Mulvaney: We Will Run This Agency Differently Than the Previous Administration November 27, 2017 Paul Muolo and Thomas Ressler Meet the CFPB's new boss – he's nothing like the old boss...Read More
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