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Sierra Pacific Hires Ex-Stearns, Ex-Wells Executive Goulding

June 12, 2018
Paul Muolo
A 34-year veteran of the home lending industry, Goulding also worked for Wells Fargo Home Mortgage…
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Short Takes: No Relief in Sight for GSE Common / Pershing Square in a World of (GSE) Hurt? / JMP Likes Impac / Consumer Data Collection Returns to the CFPB / Plaza Home Promotes Fontaine

June 12, 2018
Paul Muolo and Yemeng Yang
JMP likes the higher profit margins that accompany non-QM lending…
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MBS and ABS Issuers Taking Steps to Address Move Away from LIBOR

June 11, 2018
Brandon Ivey
The banks that report rates that form the basis of LIBOR won’t be required to participate in the survey after 2021…
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Short Takes: Celebrity Wants to be a Player in Mortgage M&A / Commercial Bank Seeks Mortgage Company / Garrett on LO Pay / Genworth Sale Clears a Hurdle / Wells Fargo LO Bolts for Nonbank

June 11, 2018
Paul Muolo
Consultant Joe Garrett: "Salesmen don’t get paid less just because the company didn’t do well..."
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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
Paul Muolo and Brandon Ivey
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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