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What We’re Hearing: Time to Enter the Non-QM Market? / LoanScorecard is Bullish on the Sector / Citadel and AO Keep Humming Along / FTC Wants to Know More About How the RE Brokerage Industry Works / A Bunch of ‘Yes Men’ on the CFPB Advisory Board? / Mulva

June 8, 2018
Paul Muolo
To conservatives in the financial services industry, Mick Mulvaney is a hero.
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MBA Board Picks Veteran Mortgage Banker Broeksmit to succeed Dave Stevens as CEO and President

June 7, 2018
Paul Muolo
Broeksmit, who has spent his entire 33-year career in the mortgage industry, joins MBA from Treliant Risk Advisors...
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Montgomery Starts Second Turn as FHA Commissioner As Stakeholders Call for IT Upgrades, Final Condo Rule

June 7, 2018
Brian Montgomery this week was sworn in as FHA commissioner, ready to tackle a number of priorities he promised Congress he would undertake once in office.
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Short Takes: CIT Exits Servicing Business / Hensarling and Godot / Sinking Share Prices for Fannie and Freddie / Who You Calling Small? / Cooper Labs?

June 7, 2018
Paul Muolo
If you’re looking for a barometer on reform legislation passing, just take a peek at the share price of Fannie and Freddie common.
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Short Takes: Hey, Hands Off of GSE Multifamily / What Ed DeMarco Wanted To Do / Cuts at Stearns? / More Non-QM Lenders Target Self-Employed Borrowers / New Hires at Promontory MortgagePath

June 6, 2018
Brandon Ivey and Paul Muolo
Over the years it seems as though commercial banks have basically ceded the multifamily market to nonbanks that use the GSEs as their secondary market takeout…
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CFPB Disbands Consumer Advisory Board

June 6, 2018
Yemeng Yang
“The bureau has not fired anyone,” a CFPB spokesperson maintained.
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Guaranteed Rate Plots Growth with ‘Aggressive’ Recruiting of Underwriters, Processors

June 5, 2018
Brandon Ivey
GR is aggressively recruiting mortgage processors, underwriters and secondary analysts...
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Short Takes: Angel Oak Buys Stake in Commercial MB / Questions Being Asked about Trading in GSE Corporate Bonds / Texas Mortgage Shop Closes? / A New Hire for Pavaso

June 5, 2018
Carisa Chappell and Paul Muolo
Another mortgage company has closed. This one in Texas...
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What We’re Hearing: Making Lemons out of Lemonade / Mortgage Brokers Trim Staff / A RIF at Movement Mortgage / The FHFA-OCC Connection / Conventional Lenders Eyeing the Non-QM Market? / A Tech Firm Looked at NSM

June 1, 2018
Paul Muolo
Although some conventional lenders are struggling with lower volumes, Angel Oak and Citadel Servicing Corp. are humming along...
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Short Takes: Mel Watt’s Successor May Be… / Morgan Stanley had a Role in the FAMC Deal / Consolidation Nation? / A New MBS from Redwood / New Hires for Home Point

May 31, 2018
Brandon Ivey and Paul Muolo
The consolidation tidal wave approaches ... or maybe not...
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