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Short Takes: Trade Groups Take Aim at HUD IG Report on Nonbanks / A Pejorative Phrase for Lenders? / CFPB’s Cordray Continues to Master the Phrase ‘No Comment’ / A Gain for PRMG

September 27, 2017
Paul Muolo and Thomas Ressler
In the past, some in the mainstream media have referred to nonbank mortgage lenders as “shadow” lenders, a phrase that residential finance professionals find pejorative…
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Short Takes: Hurricane-Damaged MSR Deals? / FHA MF and Warehouse Lender Files to go Public / MBA Hires a Legend (Named Legend) / Nationstar Issues HECM Backed by ‘Inactive’ Collateral / Don’t Pass the Hat for Equifax’s Newly Departed CEO

September 26, 2017
Paul Muolo and Brandon Ivey
The Mortgage Bankers Association is projecting that more than 4,600 residential finance professionals will attend its annual convention in Denver next month.
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The Game Continues: CFPB’s Cordray Sounds Like a Politician to Some, but Others Doubt He Will Run

September 25, 2017
Thomas Ressler
To some, CFPB Director Richard Cordray does not sound like a candidate…
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Short Takes: Look for a Boom in 203(h) Loans? / loanDepot Jumps on Board / Don’t Have a 2018 Budget Yet? There’s Still Time / Better than Expected Originations / Waiting on Godot – and Cordray to Make Up His Mind

September 25, 2017
Paul Muolo
In general, 2017 is turning out to be a better year than many originators expected...
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What We’re Hearing: A GSE ‘Black Swan’? / More TBTF, Perhaps / A Dividing Issue: Zero Capital / Will Mnuchin Cut a Deal with Speculators? / Waiting on a Ginnie Mae Nominee (Still) / A New Business Home for Anne Canfield

September 22, 2017
Paul Muolo
An impossible scenario, one that keeps Federal Housing Finance Agency Director Mel Watt up a night? We shall see...
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Short Takes: Waiting on a Wider Credit Box / A 30 Percent Jump for Nonconforming / 5,000 Active Loan Brokers for UWM / Don’t Count on Another Refi Boom Quite Yet / A New Hire for Altisource

September 21, 2017
Paul Muolo and Brandon Ivey
Another refi spurt in the works? It may’ve looked that way a few weeks ago, but...
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United Wholesale Keeps Funding Startup Grants for Brokers, but Would Like Some Company

September 20, 2017
Paul Muolo
UWM CEO Mat Ishbia noted that his company does not have a say on which applicants ultimately get picked by NAMB, though the lender does have one representative on the review panel.
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Short Takes: Did Wells Dodge a Bullet on its CFPB Fine? / A ‘Recommendation Memorandum’ / No Effect on Wells’ Mortgage Business / Subject the CFPB to Appropriations / Stearns Goes ‘Digital’

September 20, 2017
Paul Muolo, Thomas Ressler, and Brandon Ivey
Wells Fargo could have been subject to a whopping $10 billion fine...
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Short Takes: About Those GSE Dividend Payments… / The Man Wants to be Paid / Record Attendance at ABS East / LendingTree Buys Snap Capital / Webster Gets a New President

September 19, 2017
Paul Muolo and Brandon Ivey
In other words, the FHFA will once again order the dividends to be paid to Treasury. Right?
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Short Takes: MBA Wants a Change in HUD Reinspection Policies / Having an FHA Commissioner Might Help / Montgomery Resigns from Radian Board / DBRS Updates Due Diligence Criteria / A New Hire for Mortgage Network

September 18, 2017
Paul Muolo, George Brooks, and Brandon Ivey
The FHA nominee had been a Radian director since 2012…
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