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(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."
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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…
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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…
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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.
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Phoenix Announces Two ‘Flow’ MSR Auctions

November 20, 2017
Paul Muolo
The Fannie/Freddie receivables would come primarily from California, Florida and Texas.
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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...
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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…
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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…
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Short Takes: Still Hiring: Nonprime Lenders / Wiped Clean; Franklin Codel’s LinkedIn Profile / HUD Gives $5B in Hurricane Aid to Texas / Freedom Mortgage Shines / A Rare MBS from AMIPM

November 20, 2017
Paul Muolo and Brandon Ivey
Franklin Codel's LinkedIn profile had been wiped clean...
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FHFA Approves GSE Re-Entry into LIHTC Market, With Limitations

November 17, 2017
After being absent for about 10 years, Fannie Mae and Freddie Mac will re-enter the low-income housing tax credit market to support affordable rental housing, the Federal Housing Finance Agency announced late this week. But the GSEs’ market share will be capped so they’re not in direct competition with the private market, and their investments must meet certain requirements. Fannie and Freddie will have an annual investment limit of $500 million, which translates to less than a 5 percent market share for each, according to the FHFA. Moreover, any investments more than $300 million during any year must be in areas that have been identified by the FHFA as markets that have difficulty attracting investors.
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Latest Imf News

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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