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With Kittle Backing Away from Top Ginnie Post, Acting Pres. Michael Bright May Be Next Choice

November 22, 2017
Ginnie Mae has been without a permanent president for roughly 10 months now, but so far inves-tors don’t seem to be balking at buying agency MBS. But that doesn’t mean the market – as well as stakeholders – aren’t getting nervous about the situation.
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Short Takes: United Wholesale Rules the Table-Funding Roost / Wells Fargo the King of Correspondent / Beware the Dow Jones / Another Top Executive Departs

November 21, 2017
Paul Muolo
When the Dow Jones corrects, rates will plunge. Right?
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One Week After Cordray Declared He’s Leaving the CFPB, Trump Still Hasn’t Named a Replacement

November 21, 2017
Thomas Ressler
So, where’s Mick?
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(A Ton) of Mortgage Executives on the Move?

November 21, 2017
Paul Muolo
Industry consultant Paul Hindman: “There seems to be a growing number of participants in this year’s game of musical chairs."
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Short Takes: Franklin Codel’s Immediate Plans / Forfeiture of Stock / Entitled to a Severance Package of $2 Million? / MBA Weighs in on CFPB’s Strategic Plan

November 21, 2017
Paul Muolo and Thomas Ressler
Codel joined the megabank in 1993. He’s a graduate of Harvard University with a degree in engineering science…
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PHH Hires Former Freddie Mac Executive, CSS Consultant Celini as SVP

November 20, 2017
Paul Muolo
Celini also worked for Sun National and Ally Bank, formerly known as GMAC Bank…
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Short Takes: Still Hiring: Nonprime Lenders / Wiped Clean; Franklin Codel’s LinkedIn Profile / HUD Gives $5B in Hurricane Aid to Texas / Freedom Mortgage Shines / A Rare MBS from AMIPM

November 20, 2017
Brandon Ivey and Paul Muolo
Franklin Codel's LinkedIn profile had been wiped clean...
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What We’re Hearing: A Mystery (for Now): Franklin Codel’s Dismissal at Wells / A Major Changing of the Guard is Afoot / Rick Glass: Only the Strong Will Survive / Mick, Tell us How You Really Feel About the CFPB / Fannie & Freddie CEOs Seem Content…

November 17, 2017
Paul Muolo
A major changing of the guard is now afoot in the mortgage industry...
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Mortgage Executives on the Move

November 17, 2017
Although mortgage companies are beginning to pare staff in anticipation of a seasonal production downturn, there appears to be a strong thirst for executive talent, as well as top managers looking elsewhere, according to interviews conducted over the past month by Inside Mortgage Trends. “Calls and e-mails from mortgage executives open to considering ‘a change’ usually spike at this time of year,” said Rick Glass, who runs the financial services recruitment firm that bears his name ...
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Ginnie Mae President Candidate David Kittle Tells White House He Doesn’t Want the Job

November 16, 2017
Paul Muolo
Kittle was first approached by the White House nine months ago about the job.
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