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What We’re Hearing: How do you Solve a Problem Like Ocwen? / Hints that Something was Afoot / Should Ocwen Call its Overseas Workforce Home? / Influencing the GSE Debate / Ginnie Mae Cracks the $1.8 Trillion Mark

April 21, 2017
Paul Muolo
And now the obvious questions becomes: where does Ocwen go from here? The company can’t possibly be sold because of all the outstanding lawsuits and “legacy” problems...
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VA Says Appraiser Shortage Only in Rural Areas, But NAR Says Problem is Worse than It Seems

April 20, 2017
The problem with the perceived appraiser shortage is not whether VA has enough appraisers but whether there are enough of them in areas where appraisal demands are greater, according to a ranking member of the VA Fee Panel of the Department of Veterans Affairs. As of April 8, 2017, the Fee Panel had 5,006 licensed and certified appraisers working in the eight regional loan centers (RLC) that administer the VA Home Loan Guaranty program, said Kevin Eason, valuation officer with the Denver RLC. Last year, 553 new appraisers were appointed to the panel, whose members accept VA appraisal assignments on a rotating basis. Speaking last week at the annual VA Lenders Conference in Kansas City, MO, Eason noted...
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Short Takes: Fix-and-Flip Lender Ready to Employ Loan Brokers / Habib Says Rates Will Head Higher / Megabanks Looking at Nonprime Whole Loan Buys? / The Consumer Law Enforcement Agency? / Ditech’s MSR Reduction

April 20, 2017
Paul Muolo
We understand that some surprising names are beginning to show up at auctions for nonprime, non-agency whole loans...
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Short Takes: Randy Quarles, the Fed and the GSEs / What Role? / A Sign from Movement Mortgage? / Investing in a MortgageHippo / LoanCare Hires CIO

April 18, 2017
Paul Muolo
Of course the bigger question is this: what role, if any, will the Fed play in deciding the future of Fannie and Freddie?
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FHFA IG Cites Problems with the Agency’s Examiner Program

April 13, 2017
Carisa Chappell
The agency has acknowledged the need for a commissioned examiner program to provide classroom and on-the-job training…
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Short Takes: Ed DeMarco and TBTF / An Accomplishment: G-Fee Parity / Hensarling’s Donors / GSEs Stay Busy on the Multifamily Front / What Mortgage Directors Earn

April 13, 2017
Paul Muolo
In 2012, the g-fee disparity fell to about 6 bps. By 2013 it was just about gone. And you can credit Ed DeMarco…
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Financial Services Roundtable Names Former FHFA Director Ed DeMarco President of its HPC

April 12, 2017
Carisa Chappell
In June of last year, DeMarco co-authored a Milken Institute white paper entitled “Why Housing Reform Still Matters." In it, he argues: "…we need to preserve the liquidity and capacity of an active, globally financed MBS market…”
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Nationstar CEO Earned $5.36 Million, Flagstar Chief Saw a Decline in Compensation

April 12, 2017
Paul Muolo
The compensation figures for both men include salary, stock awards and other forms of income.
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Short Takes: CFPB Continues to Hire – Examiners / The Ginnie Mae Job? / An End to ‘Implied’ Guarantees / The Ginnie Mae ‘Plan’ / Fears About the Mortgage Interest Tax Deduction

April 12, 2017
Paul Muolo and Thomas Ressler
More CFPB examiners means more CFPB exams? Maybe, maybe not...
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Mortgage Employment Keeps Rising, but for How Long?

April 11, 2017
Paul Muolo
Jeff Detwiler, president of Long & Foster, which also owns a mortgage banking firm, said the company’s attrition rate “is at its lowest.”
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