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Ocwen EVP of Lending Otto Kumbar Departs – and with a Nice Severance Package

February 12, 2018
Paul Muolo
Kumbar will be paid $1.25 million for leaving Ocwen, a package that also includes a relocation reimbursement…
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Radian Unveils Reorg On How it Sells MI and Other Products. Industry Vet David Kittle Comes on Board

February 12, 2018
Paul Muolo
Under the new sales approach, the RMs will head divisions that sell the entire suite of Radian products...
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Short Takes: RESPA (TRID) Changes May Become Law / Watching the 10-Year (Rise) / Can Mulvaney Wear Three Hats? / Naming a Permanent CFPB Director / A New Hire for Silver Hill

February 12, 2018
Paul Muolo and Thomas Ressler
Another day and another increase in rates...
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What We’re Hearing: America, a Good Mortgage Customer? / Higher Rates, but How Much Higher? / Mortgage Bulls / Three Former Clayton Executives Launch Due Diligence Firm / Santander’s Warehouse Chief Departs / Mel Watt’s Successor Might…

February 9, 2018
Paul Muolo
The new game in town is figuring out who will succeed Mel Watt as director of the Federal Housing Finance Agency...
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Short Takes: The Top VA IRRRL Lenders / Tax Cuts Coupled with More Government Spending, a Recipe for Disaster? / If Habib’s Interest Rate Prediction Comes True, Watch Out Below / CFPB Wants Feedback on Enforcement Processes / A New Title for Amy Brandt

February 8, 2018
Paul Muolo and Thomas Ressler
Analyst Barry Habib of MBS Highway told us last week that once the yield breaks above 3.00 percent it’s only a matter of time before it hits 3.80. Just think of what that might do to the mortgage business…
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More Ominous Signs for Walter/Ditech: CEO Tony Renzi Departs with No Successor Named

February 8, 2018
Walter Investment Management Corp. had hoped to emerge from bankruptcy protection by the end of January, but now has a new problem on its hands: no CEO and no guidance on when it might actually have one. At press time, the revised target date to emerge from bankruptcy was Feb. 9.
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Guaranteed Rate Hires Quicken Executive as New President of Online

February 7, 2018
Paul Muolo
At Quicken, Lombardi served as director of mortgage banking.
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Despite Anticipated Production Downturn, Mortgage Firms Paying up for LOs

February 6, 2018
Paul Muolo
One branch manager told Inside Mortgage Finance: “I get two calls per week from headhunters and recruiters. I’ve never seen recruiting so hot.”
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Short Takes: What Stock Market Correction? / Bond Prices? / Fretting Over Fannie-Freddie Common / The GSE Message from Jeb and Steve / BlackRock Likes Genworth / New Penn Gets a New President / FSR Chief Pawlenty Departs

February 6, 2018
Paul Muolo and Carisa Chappell
The price of Fannie Mae and Freddie Mac common is getting smacked around...
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Short Takes: Ginnie is Good, but is it That Good? / Brunts Bolts Freddie for USB / Moody’s Downgrades New Rez, Citing Reliance on Subs / The Wild Ride of the 10-Year Treasury / New Mortgage Chief at SunTrust

February 5, 2018
Paul Muolo
On Friday, Moody’s downgraded the issuer rating of New Residential Investment Corporation...
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