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Home-Equity Lending Still Can’t Gain Traction Despite Strong Residential Values

December 13, 2018
John Bancroft
The home-equity market peaked back in 2007 at $1.133 trillion in outstandings. It has been in an 11-year swoon since then.
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Mr. Cooper Lands New Vice Chair and CFO – for $4.3 Million a Year

December 13, 2018
Paul Muolo
Marshall has a long resume in financial services, including stays at Bank of America, The Blackstone Group and other shops…
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Verus Packages More Nonprime Mortgages for Investment Properties in MBS

December 13, 2018
Brandon Ivey
Loans from 36 lenders will be included, led by Sprout Mortgage with a 43.3 percent share.
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Finance of America Will Pay $14.5 Million to Settle FHA Claims Tied to One of Its Acquisitions

December 13, 2018
George Brooks
The complaint further alleges that company executives have been aware of the poor EPD rates since 2011 but apparently did nothing to resolve the problem.
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‘Small’ Mortgage M&A Deals are Getting Done, Larger Ones Remain Elusive

December 13, 2018
Paul Muolo
Mark Stafford, a principal in MS Capital Advisors, New York, said larger firms are content to stay the course…
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Worries About FHFA Direction Persist, But It May Take A Year Before the Senate Clears Calabria as New Director

December 13, 2018
The White House this week finally made up its mind on a new regulator for the government-sponsored enterprises, picking conservative economist Mark Calabria to head the Federal Housing Finance Agency. Now comes the hard part: Getting the Senate to hold confirmation hearings and actually approve him.
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Short Takes: Headed Into Receivership: Fannie and Freddie? / Politically Pragmatic / No Life in the Common / Coming Soon: A Platform Closure at Ocwen / A New 52-Week Low

December 13, 2018
Paul Muolo
Federal Financial Analytics calculates the trigger will be pulled by mid-2019.
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It’s Official: Trump Picks GSE Critic Mark Calabria to Head the FHFA

December 12, 2018
Paul Muolo
The nomination had been expected for several weeks now and paves the way – quite possibly –for limitations on GSE pilot programs, loan parameters and secondary market liquidity.
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It’s LO ‘Recruiting Season’ and That Means What?

December 12, 2018
Paul Muolo
It stands to reason that with production declining mortgage firms might have the upper hand over their sales personnel, but it’s never that simple...
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Cost-Benefit Analysis Likely Focus of New CFPB Leadership

December 12, 2018
Yemeng Yang
The annual salary for the assistant director to head the office of cost-benefit analysis is between $200,595 and $247,500.
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