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What We’re Hearing: A Mystery (for Now): Franklin Codel’s Dismissal at Wells / A Major Changing of the Guard is Afoot / Rick Glass: Only the Strong Will Survive / Mick, Tell us How You Really Feel About the CFPB / Fannie & Freddie CEOs Seem Content…

November 17, 2017
Paul Muolo
A major changing of the guard is now afoot in the mortgage industry...
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Mortgage Executives on the Move

November 17, 2017
Although mortgage companies are beginning to pare staff in anticipation of a seasonal production downturn, there appears to be a strong thirst for executive talent, as well as top managers looking elsewhere, according to interviews conducted over the past month by Inside Mortgage Trends. “Calls and e-mails from mortgage executives open to considering ‘a change’ usually spike at this time of year,” said Rick Glass, who runs the financial services recruitment firm that bears his name ...
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Angel Oak Set to Issue its Third Nonprime MBS of the Year; Bank-Statement Loans 35 Percent of the Collateral

November 17, 2017
Brandon Ivey
Self-employed borrowers whose incomes were determined with bank statements account for 35.0 percent of the collateral.
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Fannie and Freddie Approved to Re-Enter LIHTC Market for First Time in 10 Years

November 17, 2017
Carisa Chappell
Freddie said it plans to close its first investment in January 2018.
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Pending Tax Reform has MBS Between ‘A Rock and a Hard Place’

November 16, 2017
Thomas Ressler
If substantial tax reform is enacted, it would likely lead to rising expectations about growth and inflation, leading to a selloff in rates…
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Conventional-Conforming Market Tapped into Surging Refi Business in 3Q17

November 16, 2017
John Bancroft
Roughly $269 billion of conventional-conforming loans were originated from July through September, according to Inside Mortgage Finance...
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Lenders Start Your Engines: Texas Loosens Home-Equity Regulations

November 16, 2017
Brandon Ivey
The proposition revises the strict fee limits that Texas places on home-equity lines…
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Ginnie Mae President Candidate David Kittle Tells White House He Doesn’t Want the Job

November 16, 2017
Paul Muolo
Kittle was first approached by the White House nine months ago about the job.
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House Panel Passes Bill That Would Override State Usury Laws

November 16, 2017
Thomas Ressler
It remains to be seen whether the language of the bill will be incorporated into the regulatory relief package…
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Academy Mortgage Production EVP Departs

November 16, 2017
Paul Muolo
Nemec oversaw a retail network of 250 branches...
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Latest Imf News

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