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Short Takes: CIT Will Take Hefty Hit on Sale of Financial Freedom / OneWest’s Roots / Fannie and Freddie Affected by Deloitte Hack? / ALTA Unveils Registry / A New Hire for Platinum

October 10, 2017
Brandon Ivey and Paul Muolo
CIT Group will take a charge of up to $50 million on the sale of Financial Freedom...
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Mortgage Brokers Added 1,400 Jobs in August, Lenders Not so Much

October 9, 2017
Paul Muolo
Steve Abreu, founder and CEO of Newfi, said the privately held nonbank is taking resumes from wholesale representatives and underwriters.
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Short Takes: Treasury Working on GSE Ideas? / Will Trump Get Involved Directly? / Sauri Launches FinKube / Too Much Overhead, Maybe / A New Hire for Endeavor

October 9, 2017
Paul Muolo
With Trump being a real estate developer – though that part of his career is on hold right now – it will be interesting to see if he takes a hands-on approach to reforming the GSEs...
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What We’re Hearing: A Blowout Quarter for Freddie? / Pulling the Zero Capital Lever in Denver? / Mark Calabria for FHFA Director? / RIP: the Savings and Loan Industry / A New Idea: Crowd Funding to Help Delinquent Borrowers? / A New Hire for BSI

October 6, 2017
Paul Muolo
In a new report, Cowen gives the early lead on the FHFA job to Mark Calabria, chief economist to Vice President Mike Pence...
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Ocwen Financial Hires Wall Street Veteran Chris Whalen

October 5, 2017
Paul Muolo
Early last year Whalen predicted the nation’s four largest commercial banks might exit the business of residential lending and servicing…
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Short Takes: Deal Makers Bolt Houlihan for Hovde / ThomaLee Buys Controlling Stake in Ten-X / SoFi Reaches Out to Baseball Fans / It Had to Happen Eventually: ‘Crowd Funding’ for a Downpayment / CA VP Victim in Las Vegas Shooting

October 5, 2017
Paul Muolo
Houlihan as been a major player in mortgage-related deals ever since it purchased Milestone Partners earlier in the decade…
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Cato: Most Americans Support Bipartisan Commission for the CFPB

October 4, 2017
Thomas Ressler
“Those on the left side of the political spectrum are more likely to know what the CFPB is and have a positive opinion of it,” said Cato’s Emily Ekins.
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HomeStreet Scales Back Mortgage Operations, Cites Lack of Housing Supply on West Coast

October 3, 2017
Brandon Ivey
HomeStreet will reduce its mortgage banking staff by 60 full-time equivalent employees...
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Short Takes: Some Criticism for the GSE Regulator / Security National Passes $3B Mark / Ellie Mae Completes Velocify Deal / Banks Will Pay Because of Equifax Mess / Executive Bolts Stearns for Sierra Pacific

October 3, 2017
Paul Muolo and Thomas Ressler
But that didn’t stop the conservative from the Lone Star state from offering up some critiques on the FHFA...
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Peter Heintz Departs as Co-Head of Loan Acquisitions at SG Capital

October 2, 2017
Paul Muolo
SG has been an investor in nonprime/non-QM loans and has even issued unrated deals…
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