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Watt’s Accuser Sues FHFA, Wants $1 Million in Damages for Pay Discrimination

August 22, 2018
Paul Muolo
Grimes, in her complaint, is asking for a permanent injunction enjoining the FHFA from “paying female employees lower compensation than their male” counterparts for performing equal work…
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California Remains a Rich Market for Loan Officers

August 22, 2018
John Bancroft
Overall, California has 99,781 licensed and registered mortgage LOs, far more than any other state…
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Great Ajax Looks to Increase Servicing for Others with Expansion of Gregory Funding Unit

August 22, 2018
Brandon Ivey
Gregory Funding is in the first year of a three-year expansion plan…
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Short Takes: Celebrity in the Hunt / Ocwen Gets the ‘All Clear’ Signal from Ginnie / Oh Carol / The National Servicing Settlement – It’s a Wrap / Two Joes In Charge at Waterstone

August 22, 2018
Brandon Ivey and Paul Muolo
Celebrity Financial has several M&A irons in the fire...
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Washington State Tightens Servicing Rules. More States to Follow

August 21, 2018
Yemeng Yang
In Washington mortgage servicers must now maintain recorded telephone conversations with consumers for three years after the date of the call…
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Cal Realtors Ask FHFA for Immediate Halt to GSE Financing of SFR

August 21, 2018
Paul Muolo
Certain SFR operators have been criticized for gobbling up thousands of properties for corporate ownership, thus removing these units from the inventory of homes available for sale.
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Short Takes: Broeksmit Takes Over as MBA Chief / His Resume / Cowen: Bright, a Plus for Housing / A Possible Successor to Watt at the FHFA? / Churchill Mortgage Executive Named to CMLA’s Board

August 21, 2018
Paul Muolo
Bright has been mentioned in housing and mortgage circles as a possible successor to FHFA Director Mel Watt.
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Watt’s Accuser Sues FHFA, Alleges Pay Discrimination, Wants $1 Million in Damages

August 21, 2018
Paul Muolo
When bonuses and benefits are factored in, Grimes says the pay disparity totals $100,000 per year...
Read More

Fix-and-Flip Loan Market Continues to Hum Along

August 20, 2018
Paul Muolo
CALCAP is looking to expand into the Texas market…
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GSE Sellers Continued to Stretch the Credit Box (Incrementally) in 2Q18

August 20, 2018
John Bancroft
A year ago, just 12.1 percent of new purchase loans fell into the highest-risk category…
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