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What We’re Hearing: Fannie and Freddie, 10 Years Gone / Betting on Two Stocks for Retirement / MBA Weighs In / Housing is Elemental / Meanwhile, Back at the Ranch, An Industry Grows Concerned

August 31, 2018
Paul Muolo
Meanwhile, a dozen or so mortgage, housing and consumer groups are putting the final touches on a new letter to Treasury Secretary Steven Mnuchin...
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MVFS Offering $1.6 Billion of GSE Bulk MSRs

August 30, 2018
Paul Muolo
In an interview this month, MVFS Executive Vice President Mark Garland described the MSR auction market as “very, very strong…”
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What’s Going on with the FHA’s ‘Defect Taxonomy’? Answer: Not Much

August 30, 2018
George Brooks
Despite calls by the industry to improve and clarify the process, the FHA has yet to make a move to meet industry demands for a more detailed defect taxonomy…
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Short Takes: Federal Help for the Gig-Worker Mortgage Market? / New SBC Programs from Silver Hill / Consultant Roque: LO Pay Isn’t Being Cut Quickly Enough / Fairholme: Fannie and Freddie are So Undervalued / A New Customer Service VP for RoundPoint

August 30, 2018
Paul Muolo
According to industry consultant Rick Roque, residential originators are not lowering loan officer compensation quickly enough...
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MBA’s ‘Profit’ Took a Hit in FY 2017, but Assets Increased by Almost 10 Percent

August 29, 2018
Paul Muolo
MBA listed compensation for “current officers, directors, trustees and key employees” at $6.0 million for fiscal year 2017. It was $7.1 million the year prior…
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Gateway Mortgage Founder, a Trump Supporter, Wins GOP Primary in Oklahoma

August 29, 2018
Brandon Ivey
The Gateway Mortgage founder won the Republican primary with 54.6 percent of the vote.
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Short Takes: A ‘Significantly’ Less Liquid Secondary Mortgage Market? / In Five Years the GSE Loan Limit Would be Zero (for Example) / Origination Capacity Remains Elevated / Fannie Exec Joins RoundPoint

August 29, 2018
Paul Muolo and Brandon Ivey
Origination capacity in the mortgage industry remains “elevated,” according to a new report from PiperJaffray.
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More M&A Activity Ahead for Celebrity Financial?

August 28, 2018
Paul Muolo
Celebrity’s Robnett hinted that a third acquisition could be revealed by October.
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No Longer for Sale, RoundPoint Sells Shares in Private Placement

August 27, 2018
Paul Muolo
Of the $17.2 billion that RoundPoint subservices, roughly $3.0 billion is non-agency product, said Alan Price, an executive at the company…
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Short Takes: Don’t Worry About the Government / Don and Maxine, Fireworks Ahead? / Steve’s Choice / Invitation Homes CEO Takes A Leave of Absence / Customers You Never Need to Call (A Good Thing)

August 27, 2018
Paul Muolo
Cowen believes Rep. Maxine Waters will use the post to go after President Trump and his White House team...
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