Short Takes: A Million Complaints, Already? / About the CFPB’s Workforce / Good News for Fannie and Freddie / Former Capital One Exec Launches Mortgage-Oriented Fintech Lender / A Surge in Non-Agency MBS Deals this Week April 9, 2018 Brandon Ivey and Paul Muolo The lender has backing from Bessemer Venture Partners, Two Sigma Ventures and unidentified banks…Read More
What We’re Hearing: Show Us the Money / A $1 Million Signing Bonus for an LO? / A Conservative, but Liberal on Pay Raises / Hensarling’s Next Job Won’t Be… / When the Chinese Worry About Prepayments / The Return of Jon Daurio? April 6, 2018 Paul Muolo One word for crazy signing bonuses paid to LOs: stupid...Read More
Short Takes: Ginnie Mae and the ‘Churning Nine,’ An Update / In the Ginnie Penalty Box? / Stone Point Buys Due Diligence Provider AMC / Synergy One Hires New Production Chief April 5, 2018 George Brooks and Paul Muolo Stone Point Capital has acquired a controlling stake in due diligence provider American Mortgage Consultants.Read More
Short Takes: Bill Ashmore Working on a Non-QM Startup? / The Mood in New Jersey / The White House Role in Relaxing Standards? / How to Aid in the Construction of Housing / Wells Promotes Hilzendeger to New Mortgage Post April 4, 2018 Paul Muolo If President Trump – a builder by trade – truly wants to help the housing market by adding inventory he could order the federal government to sell some of its massive holdings of land to builders at dirt cheap prices...Read More
Short Takes: No Word from the White House / Thinking About Risk, Daily/ Cash-out Refis on the Rise / Annaly’s Unique MBS / Ellington CFO Lisa Mumford Retires April 3, 2018 Brandon Ivey and Paul Muolo A subsidiary of Annaly Capital Management plans to issue a non-agency mortgage-backed security with a mix of seasoned mortgages...Read More
Short Takes: 1Q18 was a Mixed Bag / Selected Reports of Strong Growth / MIAC was Busy with MSR Auctions / Here Come the Proxies / Waiting on the BLS April 2, 2018 Paul Muolo Meanwhile, the servicing sector appears to be picking up a head of steam...Read More
What We’re Hearing: Not Much Time Left for the GSE ‘Gang of Four’ / Don (Heart) Fannie and Freddie / Go Ahead, Keep on Suing / Why Join a Company That’s in Conservatorship? / CoreLogic Reduces its Head Count / CMLA Not Amused March 30, 2018 Paul Muolo At yearend 2017, CoreLogic employed 5,900, a reduction of 400 full-timers over the previous 12 months...Read More
Freddie Mac Taps CoreLogic’s Sam Khater as New Chief Economist March 29, 2018 Paul Muolo A spokeswoman for CoreLogic confirmed that Khater is leaving the company…Read More
Short Takes: Banks with Strong Mortgage Ops Set to Merge / RoundPoint Gets Aggressive on Hiring / Not for Sale Anymore? / Home Point Hires Chief Production Officer / DocMagic Signs up Deutsche Bank / Former Nomura Trader Joins Angel Oak March 29, 2018 Paul Muolo Look for a lot more mergers this year. Then again, if rates dive, all bets might be off...Read More
Short Takes: What’s Up (Down) with GSE Common? / No News, No Bill, No Hope / Citadel Loosens Underwriting / Angel Oak Opens Dallas Ops Center, Seeks New Hires / W&D Expands March 28, 2018 Brandon Ivey and Paul Muolo It’s not as though some Congressman or Senator is about to introduce consensus GSE legislation...Read More
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