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When the Going Gets Tough in the Mortgage Industry, the Tough Start Eliminating the 401(k) Match

August 20, 2018
Paul Muolo
Tough times? Might be time to eliminate the 401(k) match…
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Short Takes: More Mortgage M&A / Check Those WARN Act Notices / Accuser Blasts FHFA Sexual Harassment Probe / No Comment from the FHFA

August 20, 2018
Paul Muolo
Grimes' resume also includes stints at Grant Thornton and Price Waterhouse Coopers...
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What We’re Hearing: Two Giants May Change Hands (Or Maybe Not) / Job Cuts at Ditech / Can HL Sell Ditech Fast Enough? / Tom Marano’s Experience with Troubled Shops / CALCAP Bullish on Fix-and-Flip / A Confidential GSE File On…

August 17, 2018
Paul Muolo
It might be in Ditech’s best interest if Houlihan Lokey finds a buyer now while MSR values are still peaking…
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California Still a Rich Market for Loan Officers

August 17, 2018
California, the largest mortgage market in the U.S., appears to provide more than enough business for loan officers, according to a new Inside Mortgage Trends analysis that compares the number of registered and licensed LOs in each state to the volume of home loans and mortgage applications. [Includes one data chart.]
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Short Takes: The BRAWL Continues / Don’t Worry About the Broker / An Old Complaint / Broker Market Share / Who Caused the Mortgage Crisis? / Brian Brooks, a Candidate for the Fannie CEO Job? (Probably Not)

August 16, 2018
Paul Muolo
But we will remind readers that wholesalers refinancing clients (via a retail arm) originally brought to them by a broker is a decades-old complaint…
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The Fannie Mae Mystery Executive in the Heavily Redacted FHFA IG Report: CEO Timothy Mayopoulos

August 15, 2018
Carisa Chappell
On July 23rd, Fannie announced Mayopoulos would depart as CEO before yearend. The heavily redacted FHFA IG report is dated July 26.
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Short Takes: Who Needs the GSEs? / JPM’s Strategy / Subservicers on the Auction Block? / New Diligence Advisors Gets the Seal of Approval from KBRA / Atlantic Bay Mortgage Won’t be Buying VA Bank After All

August 15, 2018
Paul Muolo
We know of one large subservicer that’s for sale (Ditech Financial), but a second processor may also be considering offers.
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Why Mayopoulos’ Senior Lieutenants Will Turn Down the Fannie Mae CEO Job

August 13, 2018
Paul Muolo
Mayopoulos didn’t even earn a performance bonus in 2017, despite a companywide pre-tax profit of $18.4 billion.
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Movement Mortgage Hires Top Recruiter from Academy Mortgage

August 13, 2018
Paul Muolo
Green will help Movement Mortgage recruit new loan officers…
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In a Tough Lending Market, Geneva is Attracting LOs – by Offering Comp of 250 BPs

August 13, 2018
Paul Muolo
Geneva CEO Aaron VanTrojen: “I think I have a target on my back.”
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