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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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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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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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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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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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Mortgage REITs Boost Residential MBS Holdings in 3Q17

November 16, 2017
John Bancroft
MBS-investing REITs boosted their holdings by 10.1 percent on a sequential basis…
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Watt Likely Won’t Act on Zero Capital Buffer This Year, but Consensus Forming on a GSE Bill?

November 16, 2017
Paul Muolo
Republicans are reportedly on board with the federal MBS guarantee but reluctant to backstop future guarantor entities…
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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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Short Takes: Another Mortgage Trade Group Chief Announces Retirement / Redfin’s Mortgage Arm Growing Slowly / Annaly Executives Continue to Buy Stock / World Debt and U.S. Mortgage Debt / Resitrader’s Growth

November 16, 2017
Paul Muolo and Brandon Ivey
Annaly executives have purchased $24.3 million worth of company stock in the open market since 2011...
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Latest Imf News

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