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A $1.2 Million Severance Package for Former Ditech President David Schneider

December 6, 2016
Paul Muolo
Schneider has until midnight Dec. 9 to accept the severance offer from Walter Investment Management Corp., the nation’s eighth largest residential servicer.
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Short Takes: Bulk Servicing Auctions? / Rates May Fall / Congrats to Dr. Carson on Landing the HUD Job, Though Not From All / The Listener? / Ocwen Debt Exchange

December 6, 2016
Paul Muolo
The bulk servicing market has been quiet lately. But all that could change soon...
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Fair Housing Group Alleges Racial Bias in Fannie Foreclosure Upkeep

December 6, 2016
Carisa Chappell
Fannie Mae added: “Through these actions we have demonstrated our continued dedication to providing quality care to all communities. And we remain firmly committed to continuing to provide such attention to our REO properties moving forward.”
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Short Takes: What Goes Up, Must Come Down (GSE Share Prices) / An ‘Underperform’ Rating / Buy Low, Sell High Accomplished / Urban Revitalization, a HUD Goal for Ben Carson? / New Hires for Alterra Home Loans

December 5, 2016
Paul Muolo
We know one mortgage official who bought “a bunch” of Fannie Mae shares at $1.38...
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Trump Nominates Dr. Carson for HUD Secretary; Speculation Begins on FHA Premium Cuts

December 5, 2016
Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”
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Jumbo Servicing Up 10.2 Percent Year Over Year

December 5, 2016
Brandon Ivey
The volume of jumbo mortgages outstanding rose to an estimated $892.4 billion as of the end of September…
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AEI Slams NAR’s First-Time Homebuyer Stats

December 5, 2016
George Brooks
The National Association of Realtors defended its first-time homebuyer surveys…
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Now that the HUD Job is Settled, Speculation Begins on Trump’s Pick for FHA Commissioner

December 5, 2016
Paul Muolo
Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”
Read More

SFIG Proposes Standards for ABS from Marketplace Lenders

December 5, 2016
Brandon Ivey
SFIG’s Marketplace Lending Committee includes 250 individuals representing more than 70 companies.
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HUD Eases FHA Outsourcing Rules. HR Departments in Play?

December 5, 2016
George Brooks
HUD decided to ease the HR rules in new guidance issued at the end of November...
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