One Week After Cordray Declared He’s Leaving the CFPB, Trump Still Hasn’t Named a Replacement November 21, 2017 Thomas Ressler So, where’s Mick?Read More
A 40-Page GSE ‘Draft’ Bill is Circulating in the Senate November 21, 2017 Paul Muolo As press time, details were sketchy, but lobbyists who claim to have knowledge of the draft caution there are several “different pieces” to the measure...Read More
(A Ton) of Mortgage Executives on the Move? November 21, 2017 Paul Muolo Industry consultant Paul Hindman: “There seems to be a growing number of participants in this year’s game of musical chairs."Read More
Short Takes: Franklin Codel’s Immediate Plans / Forfeiture of Stock / Entitled to a Severance Package of $2 Million? / MBA Weighs in on CFPB’s Strategic Plan November 21, 2017 Paul Muolo and Thomas Ressler Codel joined the megabank in 1993. He’s a graduate of Harvard University with a degree in engineering science…Read More
3Q17 Results: Third-Party Lenders Gained Market Share in a Purchase-Heavy World November 21, 2017 John Bancroft In the broker channel, United Wholesale Mortgage once again dominated…Read More
A Strong October for Freddie, GSE Takes Market Share from Fannie November 20, 2017 John Bancroft Freddie officials stated that the GSE continued to incur market-adjusted pricing costs in the form of lower MBS guarantee fees.Read More
Phoenix Announces Two ‘Flow’ MSR Auctions November 20, 2017 Paul Muolo The Fannie/Freddie receivables would come primarily from California, Florida and Texas.Read More
GSE Sellers Take Baby Steps on Risk – but at a Glacial Pace November 20, 2017 John Bancroft This most-risky bucket accounted for just 2.6 percent of refi business in the third quarter...Read More
PHH Hires Former Freddie Mac Executive, CSS Consultant Celini as SVP November 20, 2017 Paul Muolo Celini also worked for Sun National and Ally Bank, formerly known as GMAC Bank…Read More
Mortgage Tech Vendors Make Case for Greater Digitalization November 20, 2017 Thomas Ressler Tech vendors believe that home lenders are seeing dramatic benefits from automating their secondary marketing operations…Read More