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Originations
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PennyMac SVP of Business Development Bolts for Think Tank; Bright Worked for Sen. Corker

June 29, 2016
Paul Muolo
During his career, Bright has worked for Sen. Bob Corker, who supposedly is on Donald Trump’s short list of VP candidates…
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Short Takes: Walter Extends ‘Poison Pill’ Plan / What? / Large Positions in a Money-Losing Company / Why Mortgage Applications Fell, an Explanation / Nice Increases for Prosperity Mortgage

June 29, 2016
Paul Muolo
Among those reporting higher application volume is Prosperity Mortgage, the residential lending arm of realty giant Long & Foster...
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Correspondent Purchaser on the Hook for Fannie AU Fees Tied to One of Its Sellers

June 28, 2016
Brandon Ivey
In the end, the court blamed NAMC, the firm buying the mortgages from GFS on a correspondent basis…
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FHA Should Set Criteria for Pricing, MI Executive Says

June 28, 2016
George Brooks
Exclusive data compiled by Inside Mortgage Finance show the FHA’s share of the primary MI market was 39.9 percent in the first quarter of 2016, compared to 33.5 percent in the first quarter of last year.
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‘Brexit’ Fall Out in the US: Loan Officers Worried About Losing Loans Because of Plunging Rates?

June 28, 2016
Paul Muolo
Consultant Dave Lykken said a worst-case scenario is that some mortgage companies could even fail…
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Short Takes: Fed Official Casts Doubt on Nonbanks? / The American House: A Terrible Investment? / Concern Over VA-Streamlined Refis? / Amherst Hires Barclays Mortgage Officials / A New 52-Week Low for Walter Investment

June 28, 2016
Brandon Ivey and Paul Muolo
A few weeks back, Walter Investment CEO and vice chairman Denmark Dixon resigned, but was given a $2.25 million cash payment as part of a separation agreement from the company.
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New Bill Presses Treasury to Research Ending GSE Conservatorships

June 27, 2016
Carisa Chappell
The Congressman noted that outside of a study done in 2011, the administration has had little engagement with Congress on a path toward ending the conservatorships, which are almost eight years old...
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Thanks to ‘Brexit,’ the Yield on the 10-Year is Still Falling, but Loan Brokers Notice Wholesalers Have Yet to Act

June 27, 2016
Paul Muolo
Okay, so the yield on the 10-year Treasury has fallen, but mortgage bankers have yet to slash their rates…
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Mortgage Companies to Increase Tech Spending

June 27, 2016
Brandon Ivey
Velocify, a provider of sales automation software, found that lenders that invest in technology to meet changing borrower expectations are more likely to grow.
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Short Takes: UWM is Hitting its Stride / TRID Not a Problem / Flagstar Moves on From Uncle Sam / White House Stalling in GSE Case / Chris George Gets the Nod From MBA

June 27, 2016
Carisa Chappell and Paul Muolo
The CEO of United Wholesale Mortgage is projecting that in June the lender could fund $1.9 billion, which would be the firm’s best month ever…
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