What We’re Hearing: A Cyclical Business / What Will Treasury’s Craig Phillips Say about the GSEs? / Advice From loanDepot’s Anthony Hsieh / Unsolicited Resumes from Production Employees / Jim Malloy Departs Impac Mortgage After 15 Years / PennyMac’s First October 12, 2018 Paul Muolo Anthony Hsieh's advice for the mortgage industry: Start selling...Read More
Mortgage Rates Near 5 Percent. Analyst Habib Says Keep an Eye on the 10-Year Treasury October 11, 2018 Paul Muolo Habib told IMFnews that if yield on the benchmark breaks 3.25 percent it could quickly shoot up to 3.63 percent…Read More
Short Takes: Why Stocks Need to Come Down / Unwinding the Massive Tax Cuts / President Hickenlooper? / Capital Alpha Weighs In / Behind the Scenes at Wells Fargo / New Hires for DIMONT October 11, 2018 Brandon Ivey and Paul Muolo The massive tax cuts the president and GOP bestowed on the nation late last year have spurred economic progress. It’s hard to argue with that, but...Read More
Short Takes: Michael Bright, the Next FHFA Director? / Waiting on Senate Confirmation (Still) / A Former GSE Exec and The Play Set Scandal / Sears and Fairholme / HSBC Settles with DOJ / A New Hire at CMG Financial October 10, 2018 Brandon Ivey and Paul Muolo HSBC will pay $765 million to settle charges brought by the Department of Justice...Read More
The M&A Roundup: Lots of Chatter, Not a Lot Getting Done (Yet) October 9, 2018 Paul Muolo Meanwhile, the largest potential deals looming over the market continue to be Ditech Financial and loanDepot…Read More
Mortgage Analysts Look Into Their Crystal Balls and Don’t Like What They See October 9, 2018 Paul Muolo Analyst Henry Coffey: “It is worth noting, given expected home price appreciation, that a flat mortgage market should translate into a 4 percent or greater decline in actual mortgage unit count.”Read More
Short Takes: Castle & Cooke? / The Fannie Mae Connection / Frater, a Good Choice to Head Fannie / LendingHome Surpasses the $3B Mark in FnF Production / NDA Hires Clayton Executive October 9, 2018 Paul Muolo Fix-and-flip lender LendingHome, San Francisco, has surpassed the $3 billion market in originations... Read More
Mortgage Brokerage Firms Slash Jobs. More Carnage to Come? October 8, 2018 Paul Muolo With originations expected to fall, lenders of all different stripes are carefully examining their staffing needs…Read More
Short Takes: Waiting on a Client / Layoffs at Eli Global? / Bonuses: Based on Volume or Profits? / New Penn Rolls Out New Non-QM Loan / NewDay Hires a Former Governor October 8, 2018 Brandon Ivey and Paul Muolo One source familiar with Eli Global’s mortgage operations said layoffs have occurred at the company’s mortgage unit...Read More
Fannie Names Former Berkshire Hathaway Executive Hugh Frater Interim CEO October 8, 2018 Paul Muolo Frater was also executive vice president at PNC Financial Services...Read More
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