Impac Hires loanDepot Executive Furey to Head Retail Direct December 15, 2017 Paul Muolo Of late, Impac’s share price has been trading at $11.00 a unit, just a tick above its 52-week low.Read More
What We’re Hearing: Bitcoin Comes to the Rescue of Homebuyers / Not There Yet / Would the White House Dare Fire Mel Watt? / Probably Not? / Shrinking the GSE Role / Judging the Profitability of MBS Guarantees December 15, 2017 Paul Muolo Of course, the Trump administration has a history of shooting first and asking questions later…Read More
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