Gateway Mortgage Founder, a Trump Supporter, Wins GOP Primary in Oklahoma August 29, 2018 Brandon Ivey The Gateway Mortgage founder won the Republican primary with 54.6 percent of the vote.Read More
Short Takes: A ‘Significantly’ Less Liquid Secondary Mortgage Market? / In Five Years the GSE Loan Limit Would be Zero (for Example) / Origination Capacity Remains Elevated / Fannie Exec Joins RoundPoint August 29, 2018 Brandon Ivey and Paul Muolo Origination capacity in the mortgage industry remains “elevated,” according to a new report from PiperJaffray. Read More
Driven by Lower Expenses in 2Q, Nonbanks Stage a Turnaround in Origination Profits August 28, 2018 Brandon Ivey Personnel expenses averaged $5,195 per loan in the second quarter, down $704 from 1Q18…Read More
Short Takes: A New Origination Forecast from Freddie / Market Share Leaders in Retail and Correspondent / FHFA Seeks Comment on ‘Golden Parachutes’ / Arch’s Reinsurance Deal / Better Mortgage Hires Fed Economist August 28, 2018 Brandon Ivey and Paul Muolo But Wells Fargo dominated in the correspondent channel with a 20.9 percent market share...Read More
Short Takes: Don’t Worry About the Government / Don and Maxine, Fireworks Ahead? / Steve’s Choice / Invitation Homes CEO Takes A Leave of Absence / Customers You Never Need to Call (A Good Thing) August 27, 2018 Paul Muolo Cowen believes Rep. Maxine Waters will use the post to go after President Trump and his White House team...Read More
Watt’s Accuser Sues FHFA, Wants $1 Million in Damages for Pay Discrimination August 22, 2018 Paul Muolo Grimes, in her complaint, is asking for a permanent injunction enjoining the FHFA from “paying female employees lower compensation than their male” counterparts for performing equal work…Read More
California Remains a Rich Market for Loan Officers August 22, 2018 John Bancroft Overall, California has 99,781 licensed and registered mortgage LOs, far more than any other state…Read More
Short Takes: Celebrity in the Hunt / Ocwen Gets the ‘All Clear’ Signal from Ginnie / Oh Carol / The National Servicing Settlement – It’s a Wrap / Two Joes In Charge at Waterstone August 22, 2018 Brandon Ivey and Paul Muolo Celebrity Financial has several M&A irons in the fire...Read More
Short Takes: Broeksmit Takes Over as MBA Chief / His Resume / Cowen: Bright, a Plus for Housing / A Possible Successor to Watt at the FHFA? / Churchill Mortgage Executive Named to CMLA’s Board August 21, 2018 Paul Muolo Bright has been mentioned in housing and mortgage circles as a possible successor to FHFA Director Mel Watt.Read More
Watt’s Accuser Sues FHFA, Alleges Pay Discrimination, Wants $1 Million in Damages August 21, 2018 Paul Muolo When bonuses and benefits are factored in, Grimes says the pay disparity totals $100,000 per year...Read More
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