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RBS Agrees to Pay DOJ $4.9 Billion to Settle MBS Fraud Charges

August 14, 2018
Paul Muolo
Overall, RBS underwrote $261.1 billion of subprime securities during the go-go years...
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Why Mayopoulos’ Senior Lieutenants Will Turn Down the Fannie Mae CEO Job

August 13, 2018
Paul Muolo
Mayopoulos didn’t even earn a performance bonus in 2017, despite a companywide pre-tax profit of $18.4 billion.
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New Players Enter Non-QM Market by Aggregating Loans and Issuing MBS

August 13, 2018
Brandon Ivey
The new MBS from Neuberger Berman is backed by loans originated by Impac Mortgage Holdings…
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VA Production Spikes 30.2 Percent, Thanks to Strong Purchase Lending

August 13, 2018
George Brooks
However, VA refi business struggled in the second quarter with production falling 7.0 percent…
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IMA Working on $20 Billion MSR Transaction

August 13, 2018
Paul Muolo
The top five sellers of bulk agency product during the first-half of 2018 were Stearns Lending, Flagstar Bank, Seneca Mortgage, United Shore Financial (parent of United Wholesale Mortgage), and loanDepot.
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Movement Mortgage Hires Top Recruiter from Academy Mortgage

August 13, 2018
Paul Muolo
Green will help Movement Mortgage recruit new loan officers…
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Short Takes: Beware CECL Accounting? (Fannie/Freddie) / What it Means / MIAC Selling Multifamily Servicing Rights / C2 Financial, Who are They? / Mayer Brown’s New Mortgage Attorney

August 13, 2018
Paul Muolo
Beware CECL accounting?
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In a Tough Lending Market, Geneva is Attracting LOs – by Offering Comp of 250 BPs

August 13, 2018
Paul Muolo
Geneva CEO Aaron VanTrojen: “I think I have a target on my back.”
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Help Wanted: $3 Trillion MBS Guarantor Seeks New CEO, Must be Able to Live on $600K a Year

August 10, 2018
Fannie Mae is in the hunt for a new CEO to replace current chief Timothy Mayopoulos, but finding just the right candidate could prove difficult because of a $600,000 salary cap placed on the position back in 2015 by Congress.
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Millenials Face Growing Challenges to Homeownership

August 10, 2018
Carisa Chappell
High rents, a limited housing supply and excessively tight credit standards are stopping...
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Latest Imf News

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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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