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Short Takes: It’s Alive Again (Well, Sort Of) / Sindeo’s Roots / The Mortgage Tech Race / Happy Anniversary Fannie and Freddie (Soon) / New Hires for mREIT Giant Annaly

July 11, 2017
Paul Muolo
There's a race on to see who will be the first to deliver a best-in-class lending automation product that the consumer trusts, said consultant Paul Hindman...
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Appeals Court: Mortgage Underwriters are Eligible for Overtime Pay. But a Split Appears

July 10, 2017
Brandon Ivey
Overtime pay for underwriters will remain a focus of litigation because courts are split on the issue, according to the Mortgage Bankers Association.
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Short Takes: More Regulations to Think About / $5 Trillion in ‘Tappable’ Equity / Don’t Forget to Audit Your Closing Agents / PennyMac Renegotiates Repo Deal / A New Hire for Mortgage Network

July 10, 2017
Paul Muolo
Time to audit your closing agents?
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Employment Reading: With Purchase-Money Lending on the Rise, Mortgage Hiring Increases

July 7, 2017
Paul Muolo
According to interviews conducted by Inside Mortgage Finance, several large nonbanks continue to hire, including Amerihome, Quicken Loans, and United Wholesale Mortgage, among others.
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What We’re Hearing: Quietly Moving Up in the Ranks: Amerihome / California is Beautiful but is it Any Place to HQ Your Mortgage Shop? / No to NYC and SF (Too Expensive) / GSEs Ready to Pounce in SFR?

July 7, 2017
Paul Muolo
If you’re opening a new mortgage company it stands to reason that the two least likely places you’d pick for your headquarters are New York City and San Francisco.
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Short Takes: New York Hedge Fund Declares a Stake in Walter / A Turnaround Situation / PennyMac Completes Preferred Sale / Arch Likes Asia for MI / A Promotion at Morningstar

July 6, 2017
Paul Muolo
Walter Investment, the parent of Ditech, is considered a turnaround situation...
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Short Takes: Dave Kittle, Ginnie Mae President? / A Seat at the GSE Reform Table / A Deep Resume / SFR Deal / FHFA Proposes Rule

July 5, 2017
Paul Muolo
Kittle’s resume includes a stint on MBA’s board of directors. He also served as chairman of the trade group’s political action committee...
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PHH Completes Fannie Mae MSR Sale; Human Resources Chief Steps Down

July 5, 2017
Paul Muolo
In the same new regulatory filing, PHH also noted that Kathryn Ruggieri stepped down as the lender’s chief human resources officer effective June 30…
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Short Takes: Home Point Has Expansion Plans / Private Deals / The Biggest Impediment to Owning a Home … / Advisors Named in Freedom-NYCB Deal

June 30, 2017
Paul Muolo
We haven’t see a whole lot of servicing auction notices the past two weeks...
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What We’re Hearing: Looks Like All Systems Go for GSE Reform (Not Really) / Does Jeb Know? / $2.726 Trillion is a Lot of Subprime Mortgages / An Abrupt Departure at the FHLB Topeka / New Hires for UWM

June 30, 2017
Paul Muolo
FUN FACT: Between 2000 and 2007, roughly $2.726 trillion of subprime residential loans were originated nationwide. Last year, just $2.0 billion were funded.
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