Movement Mortgage Plans to Add 700-Plus Workers at its HQ Over the Next Five Years December 20, 2017 Brandon Ivey Movement was founded in 2008 and has grown from four employees to more than 4,300…Read More
Short Takes: Time for the GSEs to Sharpen Their Pencils / It’s Only $19 Billion / Citigroup’s DTA Exposure / Sierra Pacific Launches Builder Division / HUD Now Has a Confirmed General Counsel December 20, 2017 Paul Muolo Sierra Pacific Mortgage, Folsom, CA, is launching a new builder division...Read More
Wells Fargo Promotes Mary Mack to Head Consumer Lending, in Addition to Leading the Community Banking Division December 19, 2017 Brandon Ivey Mack, a senior executive vice president at Wells, has been at the bank for 33 years...Read More
Democratic State AGs Bash CFPB’s Mulvaney, Threaten Aggressive Enforcement Action December 19, 2017 Thomas Ressler The state AGs expressed their concern over statements that Mulvaney has made about the role of the agency, particularly when he called it a “joke…”Read More
Short Takes: Money Source Sets its Sights on Being a $100B Servicer / RoundPoint Looks to Add Contracts / FHA Defaults Spike, Reason: Hurricanes / MIAC Selling Whole Loans / Ellington’s CFO Sets Retirement Date December 19, 2017 Paul Muolo Overall, The Money Source expects to hire more than 400 new team members in 2018...Read More
Short Takes: What’s Up with Walter? / loanDepot and Going Public? / Capping the MID at $750K / Victor Ciardelli, Still in Charge at Guaranteed Rate / PrimeLending Promotes Thompson December 18, 2017 Brandon Ivey and Paul Muolo Eventually, loanDepot's investors will want to cash out...Read More
Impac Hires loanDepot Executive Furey to Head Retail Direct December 15, 2017 Paul Muolo Of late, Impac’s share price has been trading at $11.00 a unit, just a tick above its 52-week low.Read More
What We’re Hearing: Bitcoin Comes to the Rescue of Homebuyers / Not There Yet / Would the White House Dare Fire Mel Watt? / Probably Not? / Shrinking the GSE Role / Judging the Profitability of MBS Guarantees December 15, 2017 Paul Muolo Of course, the Trump administration has a history of shooting first and asking questions later…Read More
Legal Briefs in CFPB ‘Acting’ Director Dispute Keep Piling Up December 13, 2017 Thomas Ressler CUNA believes that legal arguments advanced by plaintiff Leandra English are nonsensical and unconstitutional.Read More
Nonprime Lender Citadel Hopes to Hire 150 Over the Coming 12 Months December 13, 2017 Paul Muolo Citadel CEO Dan Perl: “We’re on a hiring spree.”Read More