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Short Takes: The Slow Fade of Banks Continues / False Claims Act Relief on the Way? / A Bank Advertising Mortgages on National TV / The Next Move for Bob Ryan of the FHFA? / Fannie Elects a New Director with a Blockchain Background

July 17, 2018
Paul Muolo
Most of the ads we see tend to come from nonbanks such as Quicken, loanDepot and CashCall…
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Short Takes: A Change of (Jumbo) Heart at Wells Fargo / An Anti GSE ‘Intifada’? / Looking the Other Way on Charter Creep? / DeMarco for FHFA Director? / Production Official Bolts Movement Mortgage for Union Bank / Correction

July 16, 2018
John Bancroft, Brandon Ivey, and Paul Muolo
Capital Alpha said its choice to be the next FHFA director is Ed DeMarco, who held the job once before...
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NRL Mortgage Increasing Staff, Will Expand Into New Markets

July 12, 2018
Brandon Ivey
A retail lender, the Houston-based NRL has increased staff at a branch in Cincinnati by 25 percent this year…
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PiperJaffray: Lenders are Cutting Costs but It’s Not Enough. LO Pay Must Come Down

July 12, 2018
Paul Muolo
Consultant David Lykken said some mortgage bankers believe LO comp is “untouchable,” but he strongly disagrees…
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Short Takes: FHA in a Hiring Mode / CAIVRS, Old as Dirt? / Likening the GSEs to ‘The Blob’ And His Son / Level One Ponies up to the Mortgage Bar / MSR Auction from The Prestwick Group

July 12, 2018
Paul Muolo
One slide in the GSE presentation is entitled, “The Blob and the Return of the Blob,” a reference to the horror movie classics of the late 1950s…
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Officials at Online Mortgage Brokerage Top Survey of Nonbank Executives Last Year

July 12, 2018
The table-funding sector may be a shadow of its former self, but the man who founded and heads the nation’s only publicly traded mortgage brokerage firm took home $59.6 million in total compensation last year, according to a new tally from Inside Mortgage Finance. [Includes one data chart.]
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Short Takes: Show FHA the Money / Blame COBOL / Home Point Lops Off Some Branches / StoneHill Expands / A Key Hire for Equity Prime Mortgage

July 11, 2018
Paul Muolo
Home Point Financial, Ann Arbor, MI, said it will “transition” some of its East Coast retail branches to Northpointe Bank...
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Flagstar Hires Regions Bank Executive to Head Retail

July 10, 2018
Paul Muolo
In the first quarter of 2018, Flagstar funded $7.88 billion of home mortgages, just $960 million of which came through the retail channel...
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Former Hensarling Aide Johnson Gets Acting Deputy Director Slot at the CFPB

July 10, 2018
Paul Muolo
Johnson joined the bureau late last year from the House Financial Services Committee where he held the title of senior counsel.
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Short Takes: Fannie Launches MI Pilot / MBA Reg Counsel Joins Consulting Firm / Non Bank Market Share Grows / FHFA Capital Rule Criticized

July 10, 2018
Carisa Chappell
Fannie said the new lender option allows the GSE to streamline the operational requirements of participating lenders...
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