Sierra Pacific Hires Ex-Stearns, Ex-Wells Executive Goulding June 12, 2018 Paul Muolo A 34-year veteran of the home lending industry, Goulding also worked for Wells Fargo Home Mortgage…Read More
Short Takes: No Relief in Sight for GSE Common / Pershing Square in a World of (GSE) Hurt? / JMP Likes Impac / Consumer Data Collection Returns to the CFPB / Plaza Home Promotes Fontaine June 12, 2018 Paul Muolo and Yemeng Yang JMP likes the higher profit margins that accompany non-QM lending…Read More
Bank MSR Holdings Decline Again in 1Q18, but Valuations Hit Record High June 11, 2018 John Bancroft Banks have been reducing their servicing for others since late 2009…Read More
American Action Forum: Merge the GSEs into HUD. (You Heard that Right) June 11, 2018 Carisa Chappell The AAF warns against the GSEs becoming private entities again, noting there’s no way for them to raise enough capital…Read More
Cardinal Financial/Sebonic in Talks With Peoples Home Equity? June 11, 2018 Paul Muolo Earlier in the decade, Sebonic was started by former employees of RoundPoint Financial...Read More
Pittsburgh Bank Agrees to Sell its Consumer Finance Unit June 11, 2018 Paul Muolo Besides selling RFC, the publicly traded FNB is consolidating 20 of its branches in a cost cutting move.Read More
MBS and ABS Issuers Taking Steps to Address Move Away from LIBOR June 11, 2018 Brandon Ivey The banks that report rates that form the basis of LIBOR won’t be required to participate in the survey after 2021…Read More
Short Takes: Celebrity Wants to be a Player in Mortgage M&A / Commercial Bank Seeks Mortgage Company / Garrett on LO Pay / Genworth Sale Clears a Hurdle / Wells Fargo LO Bolts for Nonbank June 11, 2018 Paul Muolo Consultant Joe Garrett: "Salesmen don’t get paid less just because the company didn’t do well..."Read More
On the Rise Again: Agency Single-Family MBS Issuance June 8, 2018 John Bancroft All three agencies saw gains from April volume with Fannie posting the biggest increase…Read More
Don’t Worry, Nothing Will Derail the GSE Single-Security Project June 8, 2018 John Bancroft Treasury counselor Craig Phillips advised meeting participants to assure their bosses and government affairs offices that Treasury is fully committed to the project. “If you have problems, tell them to call me,” he quipped.Read More
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