As Chatter About LO ‘Signing Bonuses’ Increases, Mortgage Employment Rises April 9, 2018 Paul Muolo Consultant Rick Roque: “There are many ways to structure a ‘transition’ bonus, and most bonuses are only partially paid up front with the rest based on closings over a period of time.”Read More
Phoenix Capital Selling Fannie/Freddie/Ginnie Bulk MSRs April 9, 2018 Paul Muolo The conventional portion is top heavy with New York loans…Read More
Short Takes: A Million Complaints, Already? / About the CFPB’s Workforce / Good News for Fannie and Freddie / Former Capital One Exec Launches Mortgage-Oriented Fintech Lender / A Surge in Non-Agency MBS Deals this Week April 9, 2018 Paul Muolo and Brandon Ivey The lender has backing from Bessemer Venture Partners, Two Sigma Ventures and unidentified banks…Read More
MorVest Selling Almost $2 Billion of Fannie/Freddie Servicing Rights April 6, 2018 Paul Muolo MorVest CEO David Fleig said publicly announced bulk auctions have been scarce of late, but he expects that to change…Read More
Fannie’s ‘Servicing Marketplace’ Off to a Strong Start April 6, 2018 Carisa Chappell Fannie has roughly 50 lenders using the servicing marketplace…Read More
Acting Ginnie Mae Chief Michael Bright Worries about Liquidity, Big Time April 6, 2018 Paul Muolo Acting Ginnie Mae President Michael Bright said some of the concerns regarding nonbanks raised in a recent Brookings Institute white paper are valid…Read More
What We’re Hearing: Show Us the Money / A $1 Million Signing Bonus for an LO? / A Conservative, but Liberal on Pay Raises / Hensarling’s Next Job Won’t Be… / When the Chinese Worry About Prepayments / The Return of Jon Daurio? April 6, 2018 Paul Muolo One word for crazy signing bonuses paid to LOs: stupid...Read More
All Three Agencies Had a Trying First Quarter: MBS Issuance Down Almost 18 Percent April 6, 2018 John Bancroft But Freddie Mac’s 37.2 percent drop was the biggest, by far…Read More
As Pershing Square’s GSE ‘Bet’ Craters, Reports Surface that Investors are Pulling Money Out April 5, 2018 Paul Muolo Pershing Square owns roughly 9.9 percent of Fannie/Freddie common…Read More
GSE Market Thuds to a Two-Year Low in 1Q18 April 5, 2018 John Bancroft The $81.35 billion in first-quarter Fannie/Freddie refi business was the lowest such total since the third quarter of 2014…Read More
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