Amid Talk of Industry Layoffs, United Wholesale is Hiring July 5, 2018 Paul Muolo According to figures compiled by Inside Mortgage Finance, UWM ranks ninth overall among all lenders, and is poised to move up in the rankings...Read More
LenderLive Pondering a Sale? Or Something Else? July 5, 2018 Paul Muolo In July 2017, the vendor named Rob Clements chairman and CEO and John Surface president and chief operating officer. Both came over from EverBank Financial…Read More
Fannie Mae Servicer Seterus the Foreclosure King of California? July 5, 2018 Paul Muolo Seterus is owned by IBM, but the vendor doesn’t even mention the ownership link to ‘Big Blue’ in the “About Us” section of its website…Read More
HomeStreet to Sell 20 Percent of its MSR Portfolio to Matrix Financial Services July 3, 2018 Brandon Ivey HomeStreet continues to deemphasize its role in residential mortgages… Read More
Short Takes: An MSR-Only Sale for Ditech? / Layoffs at The Money Source / Fannie and Freddie Trim Subprime Holdings / A Capital Raise for Redwood / New Rez Closes on Shellpoint Deal July 3, 2018 Paul Muolo and Brandon Ivey TMS called it a “realignment,” explaining the cuts are part of a plan to “fuel fintech growth.” Read More
Banks Boost First-Lien Holdings in 1Q18 but a Slight Drop at Wells Fargo July 2, 2018 Brandon Ivey The three largest holders of first-liens are Wells Fargo, JPMorgan Chase and Bank of America…Read More
A Deal-Hungry Stearns to Acquire an Equity Stake in Certainty Home Loans July 2, 2018 Brandon Ivey According to sources familiar with the matter, Stearns is looking at other acquisitions as well...Read More
I’ve Just Seen the Future of Mortgage Banking and its Name is Amazon July 2, 2018 Paul Muolo Two years ago, loanDepot scuttled a much talked about initial public offering of stock...Read More
Short Takes: Lending Tree Comes Back Down to Earth / If Mortgage Rates Hit 5 Percent… / WMIH and Nationstar Shareholders Approve / NJ Mortgage CEO and Founder Resigns / Executive Bolts Stewart for WFG July 2, 2018 Paul Muolo and Brandon Ivey LendingTree founder and CEO Douglas Lebda took home total compensation of $59.6 million last year...Read More
Another Job for CFPB’s Mulvaney? Kraninger’s Confirmation Hearing Set for July 19 June 29, 2018 Yemeng Yang “It’ll be more chaos if the president has to appoint another acting director," said one former CFPB official.Read More
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