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.”Read More
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. Read More
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...Read More
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.Read More
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.Read More
Short Takes: What if a ‘Conservative’ Ran the FHFA? / Maybe GSE Loan Limits Should be Lowered / Erbey Selling Ocwen Shares / The New Fed Chief and MBS Sales / English Update / A Chalupa with that MI Policy? January 24, 2018 Paul Muolo and Thomas Ressler Selling shares in Ocwen Financial: Bill Erbey...Read More
Short Takes: An Ugly Few Months for Fannie, Freddie Common / Canary in a GSE Coal Mine: Layoffs at Pershing Square / GSE DTA Charges Coming Soon / Arch Cautious on NJ, CT / Hamilton Hires Ex-Warehouse Exec January 23, 2018 Paul Muolo Pershing Square plans to cut almost one-fifth of its staff. One of the casualties: Ackman’s personal driver…Read More
Short Takes: Fannie, Freddie and the Government Shutdown / Ginnie Mae Down to a Skeleton Crew? / Sorry, Call Later When We’re Open / But the CFPB is Open for Business / New LOs for Mortgage Network January 22, 2018 Paul Muolo, Thomas Ressler, and Brandon Ivey HUD tells the mortgage industry: “Due to the federal government shutdown, the information on this website may not be up to date…”Read More
What We're Hearing: GSE Reform is Dead, Here’s Why / Okay, Maybe a 20 Percent Chance of Passage / What’s Riskier? GSE Stock or Bitcoin? / Nonbank CEO Ready to Depart / Brett Hively Resurfaces / FHA and the Government Shutdown January 19, 2018 Paul Muolo The White House may be committed to GSE reform, but Republicans are not...Read More
Short Takes: House GSE Bill Due by Mid-March? / Providing Technical Assistance: the Staff of the FHFA / Time for a Pay Raise for Layton and Mayopoulos? / Hiring Underwriters from Wells Fargo / CFPB’s Mulvaney to Yellen: I Don’t Need Your Money (Right Now) January 18, 2018 Paul Muolo and Thomas Ressler If a GSE reform bill does not get signed into law this year, how much longer will the CEOs of Fannie Mae and Freddie Mac stick around?Read More
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