CFPB Deputy Director English Announces Resignation. Her Legal Challenge Ends July 9, 2018 Yemeng Yang Last fall, English was named the CFPB’s deputy director by departing Director Richard Cordray... Read More
Short Takes: Those Ginnie Warnings on VA IRRRLs Apparently Worked / The Trump GSE Plan, Going Nowhere? / NJ Lender Launches Call Center in SC / Churchill in a Hiring Mode / Walker & Dunlop Hires Capital Markets Executive July 9, 2018 Carisa Chappell and Paul Muolo Although loan production is down this year, that isn’t stopping some lenders from moving forward with expansion plans.Read More
Amid Talk of Industry Layoffs, UWM is Hiring July 6, 2018 With loan production on a downward trajectory this year, rumors abound regarding industry layoffs, but at least one top-ranked lender is still actively hiring: United Wholesale Mortgage, Troy, MI.Read More
Amid Talk of Industry Layoffs, United Wholesale is Hiring July 5, 2018 Paul Muolo According to figures compiled by Inside Mortgage Finance, UWM ranks ninth overall among all lenders, and is poised to move up in the rankings...Read More
Short Takes: An MSR-Only Sale for Ditech? / Layoffs at The Money Source / Fannie and Freddie Trim Subprime Holdings / A Capital Raise for Redwood / New Rez Closes on Shellpoint Deal July 3, 2018 Brandon Ivey and Paul Muolo TMS called it a “realignment,” explaining the cuts are part of a plan to “fuel fintech growth.” Read More
Short Takes: Lending Tree Comes Back Down to Earth / If Mortgage Rates Hit 5 Percent… / WMIH and Nationstar Shareholders Approve / NJ Mortgage CEO and Founder Resigns / Executive Bolts Stewart for WFG July 2, 2018 Brandon Ivey and Paul Muolo LendingTree founder and CEO Douglas Lebda took home total compensation of $59.6 million last year...Read More
What We’re Hearing: A Lifeboat Too Small? / Non-QM Loans Performing Well, So Far / Ridiculous Housing Prices Continue / A 40 Percent Disappearance Rate? / A Recession Might Save the Day / Fannie Trouble? / Costly Borrowing for WMIH June 29, 2018 Paul Muolo Once risk-layering appears and LTV ratios climb, then all bets are off...Read More
Another Job for CFPB’s Mulvaney? Kraninger’s Confirmation Hearing Set for July 19 June 29, 2018 Yemeng Yang “It’ll be more chaos if the president has to appoint another acting director," said one former CFPB official.Read More
Short Takes: Ralph Nader Has Some Unkind (And That’s Putting it Nicely) Words for CFPB’s Mulvaney / Mulvaney Viewed Favorably Elsewhere / Nader and the GSEs (Remember that One?) / More M&A for Union Home / A New Hire for Mello June 28, 2018 Paul Muolo A few years back, Nader went to bat for Fannie Mae/Freddie Mac shareholders suing the federal government over the GSE net worth profit sweep...Read More
Short Takes: HUD Chief Carson Gives a Target Date for FHA Condo Rule / Different Agencies, Different Criteria / No Changes in Ratings on Fannie and Freddie / Angel Oak Promotes Jumbo Loan / FHFA IG Official Steps Down June 27, 2018 George Brooks, Carisa Chappell, and Paul Muolo FHA may soon have a new condo lending rule, but one lobbyist called it "four years too late..."Read More
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