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loanDepot Hires Former Subprime Executive Flanagan to Lead Effort in ‘Proprietary’ Products

June 22, 2017
Paul Muolo
Flanagan once headed Cove Financial, which offered a unique rent-to-own product.
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Ocwen-New Residential MSR Deal Dragging On. Why?

June 22, 2017
Paul Muolo
One possible snag is the Consumer Financial Protection Bureau.
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Industry Veteran Mark Filler Racks Up $1 Billion from Investors, Has Plans for F&F, Broker Lending and More

June 22, 2017
Mark Filler, who departed “fix and flip” lender Finance of America Commercial early this spring, said he has amassed $1 billion of commitments from private equity investors and plans to enter the market once again, but this time as a buyer of properties. He also expects to launch a new business to provide advances to real estate agents based on their commissions, and then – if successful – roll out a similar program to fund mortgage brokers. He anticipates paying referral fees to mortgage companies that send business his way. “My goal is...
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Short Takes: The Big Loser in Nationstar’s ‘Insourcing’ Deal? / Wanting to Talk to U.S. Reps / The Desire to Own / Here Comes the Flood (Bills) / A Promotion at Guild Mortgage

June 22, 2017
George Brooks and Paul Muolo
But before you can shout “Let’s make America great again” there are some caveats to consider...
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Home Equity Softened in 1Q17, but Growth Prospects Looking Up

June 21, 2017
John Bancroft
Bank of America continued to dominate second lien lending with $4.05 billion of originations during the first quarter of 2017…
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Subservicers Post Steady Gains; Cenlar Continues its Dominance

June 21, 2017
Paul Muolo
Nationstar, in particular, has been aggressive in scouting for subservicing clients, and scored a big coup in January…
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After Last-Ditch Effort at a Capital Raise, Mortgage ‘Disruptor’ Sindeo Folds

June 21, 2017
Paul Muolo
According to resumes posted on LinkedIn, Stamos had no direct mortgage lending experience whatsoever, nor did his co-founder Ori Zohar.
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Sen. Warner: GSE Reform Could Come Before Dodd-Frank

June 21, 2017
Carisa Chappell
Sen. Warner noted the Trump administration is committed to doing something about the GSEs…
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Summer’s Here and the Mortgage M&A Market is Heating Up

June 21, 2017
Paul Muolo
One industry consultant who expects a lot of activity this year is David Lykken, president of Transformational Mortgage Solutions.
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Short Takes: Is Nationstar Listening to Trump? / India Office Will Stay Open / What Will Ocwen Financial Do? / Big M&A Maybe / DocMagic Ready for UCD

June 21, 2017
Paul Muolo
The Nationstar news begs another question: Will Ocwen Financial, which employs thousands of servicing workers overseas, follow suit?
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