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Short Takes: When it Comes to GSE Issues, No Lobbying Please / A Large MSR Package Forthcoming? / KBW Ends Coverage of Walter / Newfi Gets Fannie Approvals, FHA / Yes, Cordray is Running for Governor / Redfin Director Departs Suddenly

December 5, 2017
Paul Muolo
We understand that a fairly large bulk portfolio of mortgage servicing rights might be hitting the auction block soon...
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Redwood Trust CEO Marty Hughes to Retire Next Spring, Will Remain as an Advisor

December 4, 2017
Paul Muolo
According to figures compiled by affiliate Inside Mortgage Finance, Redwood ranked 11th among all non-agency jumbo producers through Sept. 30 with a volume of $2.99 billion.
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Short Takes: Atlanta’s Mayor Wants Fannie Chairman Perry to Resign / Arch’s Chief Economist: Housing Relief for Seattle, Looser Credit / LendingHome Hits $2B Mark / Senators Make Threats Regarding English / A Promotion at LoanLogics

December 4, 2017
Carisa Chappell, Paul Muolo, and Thomas Ressler
Nine senators said they would work to invalidate any new rules issued by the CFPB if Leandra English prevails in her attempts to unseat and replace the bureau’s acting director, Mick Mulvaney...
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Trump Nominates Central Banker Who was Critical of Fed’s MBS Purchases

December 1, 2017
Thomas Ressler
The nominee was critical of the Fed’s response to the 2008 financial crisis and its purchases of MBS...
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What We’re Hearing: Yes, There’s a Senate GSE Reform Bill in the Works / Acting Ginnie Mae President Has Some MBS Ideas / How Many Loss Positions are There? / The Mulvaney Effect? / Ranieri will Stick Around

December 1, 2017
Paul Muolo
Mick Mulvaney has been in charge of the CFPB all week and we’ve yet to hear one prediction that subprime mortgage lending will revive with a vengeance…
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With Mulvaney in Charge of the CFPB, Industry Hopes for a Kinder, Gentler Agency

November 30, 2017
Thomas Ressler
Mulvaney’s ascension has raised expectations the bureau will alter its legal positions in high-profile cases such as those involving Ocwen Financial and PHH…
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Guaranteed Rate National Sales Chief Jim Linnane Departs

November 30, 2017
Paul Muolo
Earlier this week, GR promoted two senior vice presidents – James Elliot and Chris Knapp – giving them additional responsibility over sales and recruiting…
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Judge Affirms Mulvaney as CFPB Acting Director, Industry to Look for Regulatory, Enforcement Relief

November 30, 2017
The new boss at the Consumer Financial Protection Bureau – Mick Mulvaney – wasted no time this week in beginning to steer a new course for the controversial agency.
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Short Takes: Trump Making a CFPB Short List / Appeal Expected but So Far Nothing / Not on the Merits… / CapLoc Looking for Warehouse Chief / LendingTree on a Roll

November 30, 2017
Paul Muolo and Thomas Ressler
A handful of warehouse managers told IMFnews that a head-hunter hired by CapLoc contacted them about running the firm's warehouse initiative...
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With Mulvaney Confirmed as CFPB Acting Director, What Happens to English?

November 29, 2017
Thomas Ressler
There are reports that Leandra English’s effort to unseat Mulvaney has been financed by an anonymous group of donors...
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