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The Red Ink Keeps Piling Up at PHH; Revenue Plunges 43 Percent in 2Q

August 9, 2017
Paul Muolo
At June 30, PHH had commitments to sell $52.3 billion of mortgage servicing rights.
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Impac Shifts Production Away from GSE Mortgages to Non-QMs and Government-Insured Loans

August 9, 2017
Brandon Ivey
In trading Wednesday, Impac’s share price was down almost 6 percent…
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Investors Love Mortgage REITs, Nonbanks Not So Much; Another IPO Try for loanDepot?

August 9, 2017
Paul Muolo
Industry consultants contend that loanDepot – the nation’s 10th largest overall originator – still hopes to go public one of these days…
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Mortgage Hiring Flat but Some Firms Continue to Add Heads

August 9, 2017
Paul Muolo
Citadel Servicing Corp., Irvine, CA, is also looking for a correspondent sales rep for the East Coast...
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Movement Mortgage CEO Rebrands His New Bank as, You Guessed It, Movement Bank

August 8, 2017
Paul Muolo
According to Casey Crawford the recapitalized depository will focus on “loving and serving people.”
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Utah-Based Nonbank Nixes Purchase of Ron McCord’s FMC After Lawsuit is Filed

August 8, 2017
Paul Muolo
Among other things, CapLoc – an affiliate of Eli Global – charges that FMC pledged “ineligible” mortgages as collateral…
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Short Takes: CapLoc Affiliate Wanted to Buy FMC / Two Sides to a Story / MBS is Busy with M&A Deals / FRB Distinguishes Itself in Jumbo Market / Vendor Watch

August 8, 2017
Paul Muolo, Thomas Ressler, and Brandon Ivey
Advisory firm Mortgage Banking Solutions, Austin, TX, is working on three mortgage-related acquisitions...
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House Republicans Push Another Contempt Case Against CFPB’s Cordray

August 7, 2017
Thomas Ressler
The GOP legal analysis asserts that Cordray failed to satisfy subpoenas the committee issued for agency records…
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Why is it Taking So Long for Trump to Nominate Kittle as Ginnie Mae Chief?

August 7, 2017
Paul Muolo
According to industry officials who claim to have knowledge of the matter, Kittle is still the top pick, but...
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Fairholme Predicts Trump’s DOJ Will See (GSE) Things Its Way

August 7, 2017
Paul Muolo
“There is a proven blueprint to succeed, and we hope to successfully resolve this matter before reaching the Supreme Court of the United States,” the company told investors.
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