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Short Takes: The MIP Cut: No Big Deal? / A True FHA Jumbo? / New MF MBS From Freddie Mac / Nice Earnings from MGIC / Annaly’s Chief Legal Officer to Retire

January 23, 2017
Paul Muolo
One loan officer said FHA should consider building a "true jumbo program that is exclusive of Fannie Mae and Freddie Mac…”
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Short Takes: The No. 2 at HUD Will Be… / Carson’s Advisors / Mnuchin Says His Goal was to Modify Mortgages / The Roots of OneWest: Countrywide / Flagstar Names Whip to its Board

January 19, 2017
Carisa Chappell and Paul Muolo
Early in its existence, IndyMac was a nonbank and had been grub-staked by Countrywide Financial...
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Treasury Nominee Mnuchin Shoots Down GSE ‘Recap and Release’ Concept

January 19, 2017
Carisa Chappell
In general, the Treasury nominee said his goal is to find a “bipartisan solution” to Fannie and Freddie...
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Short Takes: Time to Worry About ‘Deferred Tax Assets’? / Good News or Bad News? / A ‘Conceptual Exercise’ / Sen. Elizabeth Warren Won’t be in Attendance / New PAC Chief for MBA

January 18, 2017
Brandon Ivey and Paul Muolo
One mortgage insurance lobbyist, when informed of the possibility, called it “great news” while two lenders we interviewed said it was an awful development…
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Cordray Has a Target on His Back. But When Will Trump Pull the Trigger?

January 17, 2017
Thomas Ressler
It’s no secret that Trump would like to fire Cordray, it’s just a matter of how and when…
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Short Takes: PE Firm Eyes Three Mortgage Acquisitions / One Lender That’s Definitely Looking… / LOS Vendor Hires New President / Another Court Victory for PHH

January 17, 2017
Paul Muolo and Thomas Ressler
Some M&A advisors believe 2017 could be a banner year for mortgage company sales. Then again, that’s what they predicted early last year...
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What We’re Hearing: Reading the Wells Fargo (Origination) Tea Leaves / Nonbanks Rule? / MSR Mark-up Mania / CA-Based Nonbank Plans to Hire 1,000 LOs? / The First To Go: Operations Staff / Cordray is Going to be Fired. No Duh

January 13, 2017
Paul Muolo
It’s been no secret in Washington financial circles that shortly after Donald Trump was elected president, the decision was made by his “team” to fire CFPB director Richard Cordray...
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Short Takes: To Fire Cordray, or Not to Fire Cordray, That is the Question / Just Run for Governor / Dr. Carson’s Advisors Include… / Quicken’s Gilbert: DOJ is ‘Out of Control’

January 11, 2017
Paul Muolo and Thomas Ressler
Cordray, of course, could just nip this in the bud right now, resign and start his run for governor of Ohio…
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Treasury Nominee Mnuchin Owns a Stake in Fannie & Freddie (Indirectly)

January 11, 2017
Paul Muolo
According to his financial disclosure form, Mnuchin lists the value of his Advantage stake at $500,001 to $1 million.
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Mortgage Hiring Accelerates in November. Can it Last?

January 10, 2017
Paul Muolo
Some industry executives have been predicting a correction in mortgage hiring in the coming months, with large layoffs anticipated at shops that have focused too strongly on refinancings.
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