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Industry Groups Lobby on Capital Gains Exclusion

December 15, 2017
A coalition of industry groups has urged the Senate Committee on Finance to retain the current capital gain exclusion on the sale of a principal residence, warning that such a provision in the Republican tax reform plan would adversely affect young families and those relocating to new jobs. Specifically, the proposal in the House and Senate versions of the tax bill would retain the $500,000 capital gain exclusion ($250,000 for unmarried taxpayers) but lengthen ownership and use requirements ...
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Short Takes: Keeping Tabs on GSE Dividends / The GOP Tax Plan and DTAs / Good News for ‘Conforming’ Jumbos? / LendingTree Getting Frothy? / First Republic Bank Stands Out in Second Liens

December 14, 2017
Brandon Ivey and Paul Muolo
The share price of online loan broker LendingTree is looking a bit pricey these days at $337.80 a unit...
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A Slow Fourth Quarter for Servicing Sales, but 1Q18 Could be a Barn-Burner

December 13, 2017
Paul Muolo
Another contributing factor to slower sales: Concerns about how the pending GOP tax bill might hammer the asset value of servicing rights...
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Looks Like the MID Cap will be $750K as Conference Committee Wraps up Work on GOP Tax Reform

December 13, 2017
Brandon Ivey
The way things stand today, the tax bill could be on track for final approval as soon as next week.
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Nonprime Lender Citadel Hopes to Hire 150 Over the Coming 12 Months

December 13, 2017
Paul Muolo
Citadel CEO Dan Perl: “We’re on a hiring spree.”
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Short Takes: GSE Dividend Payments: All Systems Go? / Cutting GSE Shareholders out of the Equation? / Wintrust Buying Mortgage Assets from VA Lender / UWM and MC Strike Deal / Chase Exec Bolts for Hamilton

December 13, 2017
Paul Muolo
In a new blog posting, Investors Unite asks the basic question: “Are Fannie’s and Freddie’s foes driving GSE reform?”
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REITs and Nonprime Lenders Look to Strike ‘Working Relationships’

December 12, 2017
Paul Muolo
Mike Fierman, managing partner and co-CEO of the Angel Oak Companies: “I get calls every day” from investment funds.
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Nonprime Lending Competition Could Heat up in 2018

December 12, 2017
Paul Muolo
It appears that Angel Oak, Caliber and Citadel Servicing Corp. might have more company in the nonprime arena come next year…
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VA Originations Increased by Almost 12 Percent in 3Q17; A Big Gain for Navy Fed

December 11, 2017
George Brooks
USAA reported a 17.0 percent sequential drop in VA lending while Navy Federal boosted production by an impressive 51.1 percent.
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It’s that Time of the Year: Mortgage Layoffs

December 11, 2017
Paul Muolo
Still, large cutbacks have not been the norm, at least not yet…
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