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Wells Fargo Promotes Mary Mack to Head Consumer Lending, in Addition to Leading the Community Banking Division

December 19, 2017
Brandon Ivey
Mack, a senior executive vice president at Wells, has been at the bank for 33 years...
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What MBA Expects to See from GSE Reform: ‘De Novo’ Versions of Fannie and Freddie, Multiple Guarantors…

December 19, 2017
Paul Muolo
Initial capitalization rates for new secondary market guarantors may not be as steep as some might think…
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Democratic State AGs Bash CFPB’s Mulvaney, Threaten Aggressive Enforcement Action

December 19, 2017
Thomas Ressler
The state AGs expressed their concern over statements that Mulvaney has made about the role of the agency, particularly when he called it a “joke…”
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Short Takes: Money Source Sets its Sights on Being a $100B Servicer / RoundPoint Looks to Add Contracts / FHA Defaults Spike, Reason: Hurricanes / MIAC Selling Whole Loans / Ellington’s CFO Sets Retirement Date

December 19, 2017
Paul Muolo
Overall, The Money Source expects to hire more than 400 new team members in 2018...
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Surprise: Banks Report Small Increase in ‘Servicing for Others’

December 18, 2017
John Bancroft
But the gain was largely attributable to one bank – Wells Fargo – which acquired an agency servicing portfolio of about $51.0 billion from Seneca Mortgage…
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GOP Tax Bill Won’t Change Current Capital Gains Treatment on the Sale of a Principal Residence

December 18, 2017
Brandon Ivey
The housing industry had warned that extending the requirement would “lock” younger borrowers into their first homes for longer periods of time…
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MountainView Selling Bulk MSRs, but Seller Prefers to be the Subservicer

December 18, 2017
Paul Muolo
The MSR package is dominated by California product…
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Fannie and Freddie Ramp Up ‘Duty to Serve’ Programs; Renovation Mortgage Products to Come

December 18, 2017
Paul Muolo
The statute requires the GSEs to serve three specific underserved markets: manufactured housing, affordable housing preservation, and rural housing by increasing secondary market liquidity...
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Ginnie’s Effort to Rein In Rapid Refis on VA Loans: More to Come, for Sure

December 18, 2017
George Brooks
Ginnie’s Dec. 7 memo to issuers outlines the new pooling changes, along with additional measures…
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Short Takes: What’s Up with Walter? / loanDepot and Going Public? / Capping the MID at $750K / Victor Ciardelli, Still in Charge at Guaranteed Rate / PrimeLending Promotes Thompson

December 18, 2017
Brandon Ivey and Paul Muolo
Eventually, loanDepot's investors will want to cash out...
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Latest Imf News

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