Ocwen EVP of Lending Otto Kumbar Departs – and with a Nice Severance Package February 12, 2018 Paul Muolo Kumbar will be paid $1.25 million for leaving Ocwen, a package that also includes a relocation reimbursement…Read More
Radian Unveils Reorg On How it Sells MI and Other Products. Industry Vet David Kittle Comes on Board February 12, 2018 Paul Muolo Under the new sales approach, the RMs will head divisions that sell the entire suite of Radian products...Read More
Short Takes: RESPA (TRID) Changes May Become Law / Watching the 10-Year (Rise) / Can Mulvaney Wear Three Hats? / Naming a Permanent CFPB Director / A New Hire for Silver Hill February 12, 2018 Paul Muolo and Thomas Ressler Another day and another increase in rates...Read More
Trump Budget: DTA Hits Mean Treasury Draws for Fannie and Freddie. White House Wants to Cut Contributions to the Housing Trust Fund February 12, 2018 Paul Muolo Freddie Mac's Treasury draw is estimated at $400 million...Read More
Agency MBS Production Down a Modest 6.9 Percent in January. Turbulence Ahead? February 9, 2018 John Bancroft January volume was the lowest monthly total since May 2017…Read More
FHFA OIG Takes Issue with Regulator’s Handling of Potential Conflicts Involving Fannie Mae Executives February 9, 2018 Carisa Chappell The names of Fannie Mae executives potentially involved in conflicts of interest were redacted from the report.Read More
PennyMac Financial Posts a $123.9 Million Profit in 4Q, Originations Down by 10.0 Percent; Lender Set to Launch New Products February 9, 2018 Brandon Ivey PennyMac originated $17.04 billion of home mortgages in the fourth quarter, largely through the correspondent channelRead More
House Green Lights Revision to Points and Fees Calculation February 9, 2018 Thomas Ressler House Financial Services Committee Chairman Jeb Hensarling said The Mortgage Choice Act is needed because the CFPB wrote a flawed and problematic definition that grossly miscalculates points and fees...Read More
What We’re Hearing: America, a Good Mortgage Customer? / Higher Rates, but How Much Higher? / Mortgage Bulls / Three Former Clayton Executives Launch Due Diligence Firm / Santander’s Warehouse Chief Departs / Mel Watt’s Successor Might… February 9, 2018 Paul Muolo The new game in town is figuring out who will succeed Mel Watt as director of the Federal Housing Finance Agency...Read More
Government and Jumbo Sectors Took the Biggest Lumps in 4Q17 Lending February 8, 2018 John Bancroft The conventional-conforming market held up relatively well in the fourth quarter, with origination volume easing by just 0.7 percent…Read More
RSS