As Appraiser Shortage Worsens, Standards are Reduced February 16, 2018 Brandon Ivey Under the new AQB standards, only an associate’s degree in a field related to the appraisal industry will be required…Read More
What We’re Hearing: Death, Taxes and the GSEs / Sweet Tax Cows / Not a Peep Out of Pershing Square and Fairholme / The Wrath of Jeb / MSR Market Heats Up / A Huge Profit for Annaly / Citizens Bank Gets a New Mortgage Chief February 16, 2018 Paul Muolo Suffice to say, Fannie and Freddie are two cash cows that only a crazy person would eliminate, unless that crazy person doesn’t like money…Read More
Short Takes: Is Mel Watt Dropping Hints? / A Utility Model for Fannie and Freddie? / Refi Applications on the Rise (Ever So Slightly) / No (Permanent) Ginnie Prez, No FHA Chief / Uber Executive’s Foray Into Mortgages February 15, 2018 Brandon Ivey and Paul Muolo Joshua Rosner, managing director of Graham Fisher & Co., states: “This sounds like the early stages of a utility model..."Read More
Quicken Loses Another Top Executive, This Time EVP Pete Carroll February 14, 2018 Paul Muolo At Quicken, Carroll served as executive vice president where he helped develop the lender’s positions on key policy issues.Read More
Short Takes: Arch has Some ‘Fairly Well Developed’ Plans / Auditing the FHA MMIF / New Residential May Become a Player in Ginnie MSRs / Consumer Advocates Not Happy / Top VA Official Departs Agency for PenFed February 14, 2018 Brandon Ivey, Paul Muolo, and Thomas Ressler Look for New Residential to become a buyer of Ginnie Mae servicing packages...Read More
Short Takes: The Trump Budget and the GSEs (Not So Good) / No More GSE Money for Affordable Housing / Treasury Wants to ‘Right Size’ Federal Housing Programs / Cuts in Store for the CFPB? / Arch Posts a Strong 4Q17 Profit February 13, 2018 Paul Muolo The Treasury Department's goal is to right-size federal housing programs...Read More
Ocwen EVP of Lending Otto Kumbar Departs – and with a Nice Severance Package February 12, 2018 Paul Muolo Kumbar will be paid $1.25 million for leaving Ocwen, a package that also includes a relocation reimbursement…Read More
Radian Unveils Reorg On How it Sells MI and Other Products. Industry Vet David Kittle Comes on Board February 12, 2018 Paul Muolo Under the new sales approach, the RMs will head divisions that sell the entire suite of Radian products...Read More
Short Takes: RESPA (TRID) Changes May Become Law / Watching the 10-Year (Rise) / Can Mulvaney Wear Three Hats? / Naming a Permanent CFPB Director / A New Hire for Silver Hill February 12, 2018 Paul Muolo and Thomas Ressler Another day and another increase in rates...Read More
What We’re Hearing: America, a Good Mortgage Customer? / Higher Rates, but How Much Higher? / Mortgage Bulls / Three Former Clayton Executives Launch Due Diligence Firm / Santander’s Warehouse Chief Departs / Mel Watt’s Successor Might… February 9, 2018 Paul Muolo The new game in town is figuring out who will succeed Mel Watt as director of the Federal Housing Finance Agency...Read More
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