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FHFA Under Pressure to Act More Like a Bank Regulator with Fannie & Freddie

April 19, 2018
Carisa Chappell
Republican congressmen generally agreed with the IG’s recommendations and raised additional concerns about mission creep at Fannie and Freddie…
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Ditech Taps Bear Stearns/GMAC Veteran Thomas Marano as New CEO

April 19, 2018
Paul Muolo
Marano is no stranger to troubled financial service companies. Until 2008, he was a top executive at Bear Stearns...
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Phoenix Selling a Large Bulk MSR Portfolio. Bid Deadline: May 1

April 19, 2018
Paul Muolo
All of the receivables were originated through the retail channel…
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M&A Market for Mortgage Service Providers Begins Heating Up – With No End in Sight

April 19, 2018
Not only are several mortgage banking firms exploring sale opportunities these days, but dozens of vendors that serve the industry either have changed hands or are up for grabs as well – with more deals expected in the months ahead.
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Short Takes: Tom Marano, Ditech’s $5 Million Man? / Ripe for a Major Disruption: The Subservicing Market? / Good News: Applications Rise / Rep. Waters Introduces FHA Bill / Ditech Gets a New COO

April 19, 2018
George Brooks and Paul Muolo
There are some in the industry who believe the entire subservicing sector is far behind in technology and customer service – and is ripe for a technology disruption of a major kind.
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Strong 1Q Earnings for MGIC, but NIW Declines; Freddie’s IMAGIN Pilot Gets a Mention…

April 18, 2018
Paul Muolo
In 1Q18, MGIC wrote $10.6 billion of new MI policies compared to $12.8 billion in 4Q17 and $9.3 billion in the first quarter of last year.
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Complaints Filed with the CFPB Surged in 1Q18

April 18, 2018
Yemeng Yang
Acting CFPB Director Mick Mulvaney is considering removing the CFPB complaint database from public view…
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MBA Casts the Net Far and Wide for New Chief. Jeb Hensarling?

April 18, 2018
Paul Muolo
The way things stand today, those finalists include at least two industry veterans…
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Mortgage Industry Sees Promise in Blockchain Technology. Ranieri Enters the Space…

April 18, 2018
Brandon Ivey
MISMO noted that blockchain is based on digitized, distributed ledgers…
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MBA: Lower Lending Profits, and Fewer Firms Making Money

April 18, 2018
Paul Muolo
An ominous sign: 80 percent of mortgage companies surveyed earned a pre-tax financial profit for the year, compared to 94 percent tin 2016.
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