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PennyMac Financial Cuts New Employment Deals with Top Officers

January 2, 2019
Paul Muolo
Kurland was given an annual base salary of $900,000 from Jan. 1 of this year until Dec. 31, plus cash and equity incentives.
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Loan Officer OT Pay Case Sent Back to Lower Court, Dealing a Blow to LOs

January 2, 2019
Brandon Ivey
According to the ruling by the appeals court, Citizens pays its LOs $11.50 an hour along with commissions based on volume…
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Short Takes: A Government Shutdown-Related Reminder from Fannie Mae / A Fundraising Record for MBA’s MORPAC / Rising Worries, Falling Rates / Nervous / AI Gets a New (Annual) President

January 2, 2019
Paul Muolo and Brandon Ivey
At press time, the yield on the benchmark 10-year Treasury was at 2.67 percent, the lowest reading in almost 12 months…
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Short Takes: Worrying About the IRS / NRMLA Talking to Members about the HECM Situation / Most Underwriting Can Continue / Mnuchin’s Future / OCC Hires SBC Attorney

December 31, 2018
Paul Muolo
Capital Alpha Partners: “Mnuchin’s job is in danger the same as any cabinet member under Trump...."
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Employee Satisfaction at the CFPB Plunges

December 31, 2018
Yemeng Yang
A CFPB spokesperson said that 2018 was, no doubt, “a tumultuous year of great change.”
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Democrats Take Issue With Mulvaney’s Past Moves at the CFPB, MLA Becomes a Focus

December 27, 2018
Yemeng Yang
Roughly 24 Democrats, led by Rep. Maxine Waters, CA, recently sent a letter to Kraninger arguing that the CFPB has the authority to supervise entities under the MLA.
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Short Takes: Wells Fargo Executive Takes a Job with UCM / The NAR is Not Happy with FEMA / No Word From Peter Bell and NRMLA / Fannie Mae Director Haywood Moves On / Trouble in the Sandbox

December 27, 2018
Paul Muolo and Brandon Ivey
The National Association of Realtors is none too happy with FEMA's actions during the government shutdown...
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Dems Select Rep. Waters as the First Woman Chair of the HFSC, Mulvaney Put on Notice

December 26, 2018
Dennis Hollier
Rep. Waters to Mick Mulvaney: “I am writing to inform you that while your time running the Consumer Bureau may be over, the time for accountability for your actions is about to begin.”
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Short Takes: Trouble Ahead for FHA? / Steve Mnuchin’s Christmas Eve Massacre / Significant Players in the Mortgage Market / Who Knows / Who Put the Thought in the Treasury Secretary’s Head? / Craig Phillips Rising? / A New Hire for StoneHill

December 26, 2018
Paul Muolo
Was it Mnuchin’s idea to call the six bank CEOs or did President Trump put him up to it? That storyline has yet to be fully explored…
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Calabria’s Past Comments on GSEs, Securitization and More

December 21, 2018
“Securitization is the false god that failed us.” These are the words of Mark Calabria, the conservative economist whom the Trump administration nominated last week as director of the Federal Housing Finance Agency, replacing Mel Watt, whose term ends in January.
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