Walter Investment Shakes Up its Board. ‘Turnaround’ Specialist Named January 25, 2017 Paul Muolo Keefe, Bruyette & Woods has an “underperform” rating on Walter’s stock…Read More
Short Takes: loanDepot in a Hiring Mode / Some Name Change Tweaks / Movement Mortgage Hiring as Well / Give us Back Our FHA MIP Cut / ServiceLink Fined by Feds January 25, 2017 Paul Muolo In a poll conducted by Inside Mortgage Finance, just 14 percent of respondents said they were against a cut in FHA premiums. Read More
A Warning from MBA’s Stevens: An Industry Paradigm Shift is Underway. What to do About Refi-Heavy LOs? January 24, 2017 Brandon Ivey The MBA chief stressed that the market is set to shift from mortgage loan officers who can thrive as “gatherers” to a market that requires “hunters.”Read More
Short Takes: Wells Fargo Accused of Improperly Charging for Rate-Lock Extensions / A Big Deal or Not? / The Golden West-Sandler-Wells Fargo Connection / UWM Chief to Educate on ARMs January 24, 2017 Paul Muolo and Thomas Ressler Some of the allegations surfaced in a Nov. 2016 letter sent to Congress by a former Wells LO named Frank Chavez...Read More
Past FHA Commissioner Montgomery Suggests Common Standards for FHA,VA, GSEs… January 23, 2017 George Brooks Brian Montgomery’s proposed Office of National Housing Policy would be headed by a “housing policy czar…”Read More
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…”Read More
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 Paul Muolo and Carisa Chappell Early in its existence, IndyMac was a nonbank and had been grub-staked by Countrywide Financial...Read More
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...Read More
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 Paul Muolo and Brandon Ivey One mortgage insurance lobbyist, when informed of the possibility, called it “great news” while two lenders we interviewed said it was an awful development…Read More
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…Read More
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