What We’re Hearing: Another GSE MI Pilot on the Way / Arch Gets High Marks for Looking to the Future / Pam Patenaude for HUD Secretary? / The Mortgage Profit Blues / The Candidates to Succeed Dave Stevens are… March 16, 2018 Paul Muolo Already, there’s speculation that Trump would tap Deputy HUD secretary Pam Patenaude to replace Carson...Read More
Impac’s Share Price Clocked After Reporting a Huge Loss for 4Q17 March 15, 2018 Paul Muolo Mangiaracina’s resume includes stints at UBS Securities and Deutsche Bank…Read More
Short Takes: Union Bank Really Likes HELs / Falling Rates or a Head Fake? / BRAWL is Taking Down Names and Handing out Report Cards / Impac Executive Gets an Additional Title March 15, 2018 Paul Muolo and Brandon Ivey Rates are falling once again but don't pop the champagne quite yet...Read More
Fresh Off of Restructuring Walter/Ditech, Renzi Joins the Nation’s Largest Subservicer March 14, 2018 Paul Muolo Earlier this year, Renzi stepped down as CEO and president of Walter Investment Management Corp., the parent of Ditech Financial...Read More
Short Takes: Should the GSEs Use ‘Alt’ Credit Scores? / A Good Chance of Passage? / Ben Carson Heading Home? / An MPF Milestone / A New Hire for SLK Global March 14, 2018 Paul Muolo Will Department of Housing and Urban Development Secretary Ben Carson be the next Trump cabinet member to depart?Read More
Impac Gets Slammed by Lower Originations, Trump Tax Bill; Long-Time CEO Joe Tomkinson is Departing March 14, 2018 Paul Muolo The company confirmed that long-time chairman and CEO Joe Tomkinson will be stepping down at the end of July...Read More
New Disclosures Show that Fannie and Freddie Keep Adding Workers March 13, 2018 Paul Muolo Both companies have been solidly profitable since earlier in the decade…Read More
Short Takes: Impac, the Day Before the ‘Ides of March’ / A Boost for Ditech? / Market Cap? / CFPB Cedes Power to the States / A Promotion at NTC March 13, 2018 Paul Muolo and Yemeng Yang Under Acting Director Mick Mulvaney, the CFPB will rely on state regulators and state attorneys general for more leadership when it comes to enforcement...Read More
Mortgage Brokers Add Jobs, Bankers Don’t; JPM, Quicken, Others are Hiring March 12, 2018 Paul Muolo Quicken Loans continues to hire technology-related workers…Read More
Short Takes: Amazon Wants to Enter the Mortgage Industry (Good Luck with That) / Who is Nick Clemente? / Risk and the GSEs / Essent’s Risk-Sharing Deal / A New Hire for Recovco March 12, 2018 Paul Muolo and Brandon Ivey From what we understand, the Amazon executive spearheading the effort is Nick Clemente...Read More
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