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Short Takes: So, You Want to be an LO? We Can Train You / Quicken Targets Cash-out Refi Market / Can You Live on 25 Basis Points? / Key RESPA Webinar Next Week / Some History on PHH

March 1, 2017
Paul Muolo
How much do LOs working at call centers earn per deal? We heard that some shops pay as little as 15 to 25 basis points...
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Caliber Home Loans Agrees to Buy Lending, Servicing Assets from Banc of California

March 1, 2017
Paul Muolo
In late January, Steven Sugarman, who built the bank into a well-regarded regional lender, resigned as CEO.
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Will Dwindling Refinances Lead to Layoffs?

February 28, 2017
Paul Muolo
As one executive put it: “January was slow, February was lower, and I can’t tell how March will be yet.”
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Short Takes: Who Will Lead FHA? / Radian Says It’s News to Bazemore / Vote on Carson Nears / Will Trump Mention the GSEs?

February 28, 2017
Paul Muolo
Then again, Trump has been known to surprise people.
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Short Takes: More on Ocwen’s CFPB Problem / An Invitation to Write a NORA Letter / MSR Buying Dreams Up in Smoke? / Ocwen for Sale Eventually? / A New Hire for ClosingCorp

February 23, 2017
Paul Muolo
The disclosure comes on the heels of a recent legal settlement in California that paves the way for Ocwen to buy servicing rights once again...
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Short Takes: CoreLogic Executive Departs. No Reason Given / Getting Excited About Ocwen? / What Does Bill Erbey Know? / MountainView Hits Market with Two New MSR Deals / Norcom Expands Into Tampa

February 21, 2017
Paul Muolo
No details were available on why Dave Hurt parted ways with CoreLogic...
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When it Comes to Firing CFPB Director Cordray, Maybe the Trump Administration is Going About it All Wrong…

February 17, 2017
Thomas Ressler
“If Cordray were engaged in malfeasance, inefficiency or neglect of duty, don’t you think the Obama administration would have done something about that?” asked one legal scholar.
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What We’re Hearing: Huge GSE Profits, Don’t Get Used to It / The Perfect (Earnings) Storm / A Ginnie Solution for the GSEs? / PHH’s New Strategy / Aide to HUD Nominee Ben Carson Fired for Writings Critical of Trump

February 17, 2017
Paul Muolo
One former Fannie Mae official told us that stellar profits posted by the two are “just about done.”
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Short Takes: What Does Bruce Berkowitz Think? / Freddie Exploring SFR Market / BB&T Building New Servicing Center / CoreLogic CEO on Medical Leave / loanDepot Executive Jumps Ship for Wisconsin Lender

February 16, 2017
Carisa Chappell and Paul Muolo
While most banks are running away from the business of servicing home mortgages, BB&T appears to like the space...
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Short Takes: Branch Manager Departures at loanDepot / Nationstar a Candidate for PHH MSRs? / Delinquencies Spike in Some Categories / Still in Love with Ocwen: Bill Erbey / Coming Soon: Warehouse Ranking

February 15, 2017
Paul Muolo
Bill Erbey, who was forced out by financial regulators two-plus years ago, controls 16.8 percent of Ocwen Financial...
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