PE Firm Thomas H. Lee Buys a Stake in Guaranteed Rate, but Ciardelli Still in Control December 15, 2017 Paul Muolo The spokesperson noted that Guaranteed Rate founder and CEO Victor Ciardelli “is still in control.” Read More
Home-Equity Lending Declined in 3Q17 but Not by Much December 14, 2017 John Bancroft Banks and thrifts continued to retreat from the home-equity business in 3Q17 while credit unions pressed forward…Read More
Stop the Presses: A GSE Bill Passes the House Financial Services Committee but… December 14, 2017 Carisa Chappell The panel approved the bill on a partisan vote of 33 to 27. It was one of 13 bills advanced by the panel…Read More
Another Industry Group Calls for Delay in New HMDA Requirements December 14, 2017 Thomas Ressler Certain originators and their vendors have expressed the need for more time to test systems and accurately implement the proposed changes…Read More
Short Takes: Keeping Tabs on GSE Dividends / The GOP Tax Plan and DTAs / Good News for ‘Conforming’ Jumbos? / LendingTree Getting Frothy? / First Republic Bank Stands Out in Second Liens December 14, 2017 Brandon Ivey and Paul Muolo The share price of online loan broker LendingTree is looking a bit pricey these days at $337.80 a unit...Read More
REITs Buying Home Lenders – A Trend in the Making? December 14, 2017 Paul Muolo The acquisition, once consummated, will put New Residential in the business of originating loans directly to consumers. It also could have CFPB implications…Read More
MBA Chief Dave Stevens: The GSE Capital Buffer is a Distraction December 14, 2017 Paul Muolo The CHLA repeated its plea that FHFA Director Mel Watt withhold GSE dividend payments to Treasury and allow Fannie and Freddie to build capital…Read More
A Slow Fourth Quarter for Servicing Sales, but 1Q18 Could be a Barn-Burner December 13, 2017 Paul Muolo Another contributing factor to slower sales: Concerns about how the pending GOP tax bill might hammer the asset value of servicing rights...Read More
Looks Like the MID Cap will be $750K as Conference Committee Wraps up Work on GOP Tax Reform December 13, 2017 Brandon Ivey The way things stand today, the tax bill could be on track for final approval as soon as next week.Read More
Legal Briefs in CFPB ‘Acting’ Director Dispute Keep Piling Up December 13, 2017 Thomas Ressler CUNA believes that legal arguments advanced by plaintiff Leandra English are nonsensical and unconstitutional.Read More