Citizens Bank Agrees to Buy Top-Ranked TPO Lender FAMC for Just 1.1-Times Book May 31, 2018 Paul Muolo Roughly 95 percent of FAMC's production comes from brokers and correspondents, according to Inside Mortgage Finance...Read More
Castle & Cooke Mortgage Sold to CEO Adam Thorpe and Eli Global May 31, 2018 Paul Muolo Based in Durham, NC, the privately held Eli Global has insurance assets and tries to keep a low profile. Read More
Short Takes: Mel Watt’s Successor May Be… / Morgan Stanley had a Role in the FAMC Deal / Consolidation Nation? / A New MBS from Redwood / New Hires for Home Point May 31, 2018 Brandon Ivey and Paul Muolo The consolidation tidal wave approaches ... or maybe not...Read More
Short Takes: Time to Cut Pay for Loan Officers? / Something Has Got to Give / New Rez Readies Non-Agency MBS / Ocwen CFO Resigns / Calyx Hires Sales Chief May 30, 2018 Brandon Ivey and Paul Muolo loanDepot CEO Anthony Hsieh: “Something’s got to give."Read More
The Beat Goes On: GSE Credit Scores Much Higher Than on Ginnie Product May 30, 2018 John Bancroft During the first quarter, the average credit score at Fannie Mae was 741.15, slightly below the average 744.73 at Freddie Mac.Read More
CFPB Chief Mulvaney Emphasizes What the CFPB Cannot Do May 30, 2018 Yemeng Yang Mulvaney signaled his intention to send more CFPB guidance to elected officials for congressional review. Read More
Lone Star Stays the Course with New Nonprime MBS May 30, 2018 Brandon Ivey On average, mortgagors documented $426,633 in liquid reserves...Read More
Another California Mortgage Casualty: First Cal May 30, 2018 Paul Muolo Liquidation counsel Michael St. James did not return a telephone call and email regarding the situation.Read More
Leading Candidate for Top MBA Job Says He’s Not Interested May 30, 2018 Paul Muolo Candidates for the job have included Kevin Shavers, Robert Broeksmit and others…Read More
More Big Swings in GSE Single-Family MBS Business in April May 29, 2018 John Bancroft However, Freddie still has some catching up to do to reach the 40.2 percent GSE share it had last year.Read More
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