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Short Takes: Pickup Picks Up the Pace on Impac Buys / Buy Low, if You Can Get It / Stolen GSE Money? / No Longer ‘Distressed’ / New AI Chief Starts his Term

January 2, 2018
Paul Muolo
Richard Pickup, a real estate investor by trade, owns more than 10 percent of Impac…
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What We’re Hearing: The Biggest Story of 2018? Fannie and Freddie, Of Course / An M&A Boom? / Good Luck Mr. Corso / Penny Spends Dollars to Buyback Common / A Very Short Publishing Break

December 29, 2017
Paul Muolo
We get the sense that merger and acquisition activity could be fierce as profit margins tighten...
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Passage of Tax Bill Prompts Some Lenders to Increase Minimum Wages, Hand Out Bonuses

December 21, 2017
Brandon Ivey
Washington Federal will increase wages by 5.0 percent for employees earning less than $100,000 a year…
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Short Takes: Freddie Mac Might Avoid a Treasury Draw / Exigent? / This is Just the Beginning / The Big Winners: Holders of GSE Junior Preferred / Paying Your Mortgage via Alexa / IMFnews Publishing Break

December 21, 2017
Paul Muolo and Brandon Ivey
Washington Analysis believes the FHFA/Treasury move is a “clear positive for shareholders in the GSEs, particularly holders of junior preferred shares..."
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Meanwhile ... More Lenders Reveal Hiring Plans for 2018

December 20, 2017
Paul Muolo
The number 15th ranked Fairway Independent Mortgage wouldn’t provide a hiring estimate but CEO Steve Jacobson said, “We’re always open minded about opportunities.”
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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…
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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...
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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...
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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…”
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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...
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