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In Demand: New CEOs for Mortgage Firms – and Senior Talent as Well

September 2, 2015
Paul Muolo
Glass told IMFnews that he has seen a noticeable uptick in searches for what he calls “senior leadership” positions...
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The Recent (Unexpected) Drop in Rates Could Spell Large Hedging Losses for the GSEs

September 2, 2015
Paul Muolo
Who cares about large hedging losses? Not the FHFA, which so far has shown no interest in increasing the allowable amount of capital the two can retain...
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GSE Reduced-Downpayment Programs Still Struggling?

September 2, 2015
John Bancroft
Ginnie’s big advantage is that it gets all the FHA and VA loans, while the GSEs so far have not gotten much traction in their reduced-downpayment programs.
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Unhappy With the New FHA Certification Proposal, Wells Fargo Will Add Back ‘Credit Overlays’

September 2, 2015
Paul Muolo
According to figures compiled by Inside FHA/VA Lending, Wells ranked second among all FHA retail originators in the first half.
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Short Takes: Banks Get a Pass From the CFPB / Fannie Sells Special NPL Pool / The ‘Adverse’ Fee is Dead / Fair Housing Suits Revived / Things Not Looking Up for Genworth

September 2, 2015
Carisa Chappell, Brandon Ivey, and Paul Muolo
The CHLA noted that almost 99 percent of depositories are exempt from exams conducted by the Consumer Financial Protection Bureau.
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Thanks to TRID, Realtors are Altering Their Purchase Contracts; Longer Timelines

September 1, 2015
Thomas Ressler
Meanwhile, 37.0 percent of realtors indicated they have put together plans with their lender or title company to help even out the process...
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Continued Stock Market Swoon Could Spell More Refis

September 1, 2015
Paul Muolo
Moreover, one warehouse executive told IMFnews that he is beginning to get requests for increased capacity.
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M&T Settles Allegations That It Used ‘Neighborhood Racial Criteria’ for Mortgage Product

September 1, 2015
Brandon Ivey
M&T sought a dismissal of the lawsuit in April, claiming that its loan officers were acting based on legitimate, non-discriminatory reasons.
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Stearns Official Clarifies What Blackstone Will Do With Mortgage Units

September 1, 2015
When the Stearns announcement was made some of its competitors began speculating on what might happen to the acquisitions down the road.
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Short Takes: A New Round of Cost Cutting at Stonegate? / No, the White House is Not About to Settle Those ‘Takings’ Cases / Greed is (Still) Good / Lykken Goes Solo, Sort Of / Comergence Hires Giorello

September 1, 2015
Paul Muolo
Pershing Square and Perry Capital began loading up on GSE “junior” preferred two years ago, but not because they thought it was a great investment...
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Latest Imf News

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Featured Data

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Featured Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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