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 Paul Muolo and Brandon Ivey It’s not as though some Congressman or Senator is about to introduce consensus GSE legislation...Read More
New Top Dog at Impac Mortgage Will Earn at Least $2.25 Million This Year March 27, 2018 Paul Muolo As part of his employment package, Mangiaracina is entitled to a severance payment of at least $750,000…Read More
Mortgage Jobs Outlook: A Bit Grainy March 27, 2018 Paul Muolo UWM’s Mat Ishbia credits the company’s strong ties to the broker community for its performance…Read More
Short Takes: loanDepot will Issue Non-Agency MBS / Okay, So It’s Not $6 Million / The Changing of the Guard / Tiptree Nears Sale of Jumbo Lender / Stock Repurchase Plans / MountainView Selling Whole Loans March 27, 2018 Paul Muolo and Brandon Ivey The two men steered Impac through the rocky waters of the financial crisis...Read More
Impac’s New CEO: In Non-QMs We Trust March 26, 2018 Brandon Ivey With refi volume falling, Mangiaracina said non-QMs will be key...Read More
Short Takes: Coming Up on 10 Years / Remember the ‘Southwest Plan’? / What if a ‘Moderate’ Replaces Watt at the FHFA? / Checking in on GSE Reform and Seeing Nothing / loanDepot Gets a New COO March 26, 2018 Paul Muolo It’s almost April and Rep. Jeb Hensarling, R-TX, has yet to introduce his GSE reform bill... Read More
Short Takes: Throwing Cold Water on VantageScore / Weaker Profit Margins, Never a Good Thing / Impac Thinking About Deals? / One is the Loneliest Number / Fannie Mae Looks to Sell More Real Estate March 16, 2018 Paul Muolo and Carisa Chappell After reporting a $44.9 million loss for the fourth quarter, Impac’s share price fell to a new 52-week low...Read More
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