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Watt Accuser at the FHFA Seeks Senate Hearing on Sexual Harassment Allegations

September 18, 2018
Carisa Chappell
In late July, Director Watt issued a statement saying he had not “done anything contrary to law.”
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Short Takes: MBA’s Stevens Looks Back at the GSEs (Pre-Crisis) / A No-Bid Because of FM Watch Ties / What’s FM Watch? / Sharp Elbows? / TMS Buys Two MSR Packages, Is Hungry for More / PenFed Hires USAA Exec to Run Mortgages

September 17, 2018
Paul Muolo
It may be hard to fathom, but Fannie and Freddie once played with very sharp elbows…
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What We’re Hearing: Freddie Charter Creep? No, Just a Supplemental Service / Caliber Thinking About Going Public? / The Role Das Played in First Data’s Successful IPO / Dimon v. Trump – Bring it On! / Dimon, a Nervous Mess? / New Penn Rolls Out Piggyback

September 14, 2018
Paul Muolo
JPMorgan is the parent company of the nation’s second largest residential lender, Chase. Trump last decade started a small mortgage brokerage operation in Long Island and then killed it...
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Growing Quickly, Tech Vendor Blend Names Former Treasury Secretary Jacob Lew to Advisory Board

September 13, 2018
Brandon Ivey
The number of mortgage lenders using technology from Blend has quadrupled in the past year…
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Short Takes: Late for an Anniversary / GSE Reform: A Solution Searching for a Problem / ClearEdge Lending Ramps Up / Warehousing the Non-QM Market / LendingTree Shareholders Not Smiling Right Now

September 13, 2018
Paul Muolo
Silvergate Bank is actively providing warehouse lines of credit to non-QM lenders and we understand that Comerica is now sticking its toe in the water…
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Short Takes: Wells Fargo’s (Mortgage) Job Cuts / Annaly Poised to Buy More MSRs? / FHFA Seeks Comment / Eight Consecutive Quarters of Feeling Bad About Profit Margins / PenFed Hires a TV Journalist

September 12, 2018
Paul Muolo
Annaly may use the proceeds to fund additional acquisitions of mortgage servicing rights…
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Blackstone Takes a Hard Look at Some of Incenter’s Mortgage-Related Operations

September 11, 2018
Paul Muolo
As one source put it: “Blackstone wants you to make it big or you’re gone.”
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Short Takes: What Will Become of the GSEs’ CSP? / How Much Is it Worth? / Capital One Warehouse Joins MBA / Two Utah Nonbanks Celebrate Anniversaries / PRMI Hires Former Wells Fargo LO

September 11, 2018
Paul Muolo
The nonprofit exchange must pay for any “property” associated with CSS…
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Mortgage Bankers Add Jobs, Brokers Trim Slightly

September 10, 2018
Paul Muolo
Jerry Selitto, president of Better Mortgage: “We continue to hire and we just opened our second California office in Irvine…”
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Short Takes: Time for Executives to Consider Their Options? / Tight Profit Margins Can Lead to ‘Internal Strife’ / AO Seeks Account Executives / Analyzing the Prospects for Filling the Fannie CEO Job / Milken Institute Hires SEC Commissioner

September 10, 2018
Paul Muolo
"As a result, at this time I’m receiving a larger volume of calls from execs seeking to explore outside opportunities.” - Rick Glass
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