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Despite Anticipated Production Downturn, Mortgage Firms Pay Top Dollar for LOs

February 1, 2018
Even though residential originations could fall by as much as 20 percent this year, lenders are continuing to pay top dollar for high-producing loan officers, in what some call a “pricing war.”
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PHH CEO Robert Crowl Gets a New Contract, Could Earn $2 Million-Plus This Year

January 31, 2018
Paul Muolo
Over the past two years, PHH has sold off large chunks of its MSR portfolio, while remaining as the subservicer of record…
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Wells Fargo Names Michael DeVito Permanent Head of Home Lending

January 30, 2018
Paul Muolo
DeVito will report to Mary Mack, senior executive vice president of community banking and consumer lending.
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Dever, Iannicola Latest Additions to Short List for CFPB Director. Or Maybe Jerry Buckley?

January 30, 2018
Thomas Ressler
“Jerry Buckley would fit the bill perfectly,” said one industry lobbyist...
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Short Takes: Mnuchin Says Treasury Remains Committed to GSE Reform / The 30-Year FRM Must Survive / More Private Capital, Yes / Thomas Marano’s New Problem to Solve: Walter / After 25 Years, Exec Bolts PHH for Home Point

January 30, 2018
Carisa Chappell and Paul Muolo
Mnuchin said the 30-year FRM cannot survive without Fannie and Freddie...
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PIMCO in the Throes of Restructuring FGMC, Installs New President

January 29, 2018
Paul Muolo
One advisor familiar with the situation called the hiring of Samples and a recent batch of layoffs at FGMC, “a clean sweep of the corporate suite.”
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Short Takes: Women Mortgage Bankers Weigh In on Sexual Harassment / How the Survey was Conducted / Part of a Broader Conversation / A Whopper of an MF Loan Using Fannie Mae’s Money / NAR to FHFA: Reduce G-Fees Now / Mortgage Tech Vendor Gets New President

January 29, 2018
Paul Muolo
In total, 13.5 percent of the 2,000 women who were sent the survey responded.
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What We’re Hearing: When the GSE Status Quo Ends / Burn This / Peter Wallison for FHFA Director? / Painful Memories at MGIC (The First Cut is the Deepest) / A Spot Check on Mortgage Applications / A Promotion at WFG National Title

January 26, 2018
Paul Muolo
As for the FHFA position, several trade group chiefs fear that once Watt departs, the FHFA will be put in the hands of a Mick Mulvaney-type...
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PIMCO in the Throes of Restructuring FGMC, Installs Former Stearns Executive Aaron Samples as President

January 25, 2018
PIMCO is shaking up its mortgage banking affiliate, First Guaranty Mortgage Corp., Tysons Corner, VA, paving the way for the departure of long-time company president and CEO Andrew Peters, Inside Mortgage Finance has learned.
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Short Takes: You Cannot be a Guarantor and a Lender / Trade Groups on the Same GSE Page / NY Lender Opens New Office in NJ / A Strong Profit for Old Republic / DocMagic Reaches a Milestone

January 25, 2018
Paul Muolo
The Community Mortgage Lenders of America is also against the concept of guarantors being lenders or having lending affiliates.
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