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Castle & Cooke Mortgage Sold to CEO Adam Thorpe and Eli Global

May 31, 2018
Paul Muolo
Based in Durham, NC, the privately held Eli Global has insurance assets and tries to keep a low profile.
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Short Takes: Mel Watt’s Successor May Be… / Morgan Stanley had a Role in the FAMC Deal / Consolidation Nation? / A New MBS from Redwood / New Hires for Home Point

May 31, 2018
Brandon Ivey and Paul Muolo
The consolidation tidal wave approaches ... or maybe not...
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Short Takes: Time to Cut Pay for Loan Officers? / Something Has Got to Give / New Rez Readies Non-Agency MBS / Ocwen CFO Resigns / Calyx Hires Sales Chief

May 30, 2018
Brandon Ivey and Paul Muolo
loanDepot CEO Anthony Hsieh: “Something’s got to give."
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CFPB Chief Mulvaney Emphasizes What the CFPB Cannot Do

May 30, 2018
Yemeng Yang
Mulvaney signaled his intention to send more CFPB guidance to elected officials for congressional review.
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Another California Mortgage Casualty: First Cal

May 30, 2018
Paul Muolo
Liquidation counsel Michael St. James did not return a telephone call and email regarding the situation.
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Leading Candidate for Top MBA Job Says He’s Not Interested

May 30, 2018
Paul Muolo
Candidates for the job have included Kevin Shavers, Robert Broeksmit and others…
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Trump Signs Reg Relief Bill Into Law, No Change in CFPB Structure

May 29, 2018
Congress has sealed the deal on Dodd-Frank reform with a 258-159 vote last week in the House. Thirty-three House Democrats voted in favor of the reg relief bill, which President Trump promptly signed into law. The Economic Growth, Regulatory Relief, and Consumer Protection Act passed the Senate in March on a bipartisan 67-31 vote. The House approved S. 2155 last week without making any amendments. …
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Ditech in Danger of Being Delisted from NYSE Due to Accounting Issues, Low Capitalization

May 29, 2018
Brandon Ivey
The nation’s 12th largest servicer of home mortgages is in danger of getting booted off the NYSE.
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IMA, Phoenix Offering MSR Packages

May 29, 2018
Paul Muolo
According to the offering circular, the average loan balance is $230,368 with delinquencies totaling 5.80 percent...
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Short Takes: Applications Decline/ Delinquencies Improve / MBA Hires Senate Staffer / New Proprietary Reverse Mortgages

May 23, 2018
Brandon Ivey
Applications for purchase mortgages and refinances both declined.
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