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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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Short Takes: Gain-on-Sale Let-down? / About Those MSR ‘Marks’... / Ocwen Attorney Joins Philly Law Firm / Go with the ‘Waterfall’ / Vegas-Based Lender Hires Sales Chief

January 10, 2017
Paul Muolo and Brandon Ivey
As gain-on-sale margins decline, MSR marks will rise...
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Nationstar Hires Capital One Executive Patel as EVP and Chief Risk Officer

January 10, 2017
Paul Muolo
Patel also will serve as a member of the lender's executive management team.
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Carson’s Inexperience Could be Front and Center at HUD Confirmation Hearing

January 9, 2017
George Brooks
One big positive for lenders: the mortgage industry could see a reduction in new rule-making from HUD and perhaps a reversal of certain regulations promulgated during the Obama administration.
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Short Takes: FHA Premium Cut Has Negative Impact on MI Stocks / Carson Should Expect a Lot of Questions on the MIP / Of Mortgages and Brains / FHLBs Get More Flexibility on Collateral

January 9, 2017
Paul Muolo and Carisa Chappell
Mortgage insurance stocks aren't have a good day. Blame the FHA MIP cut?
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What We’re Hearing: What’s Up with Walter Investment? / MSR ‘Mark-up’ Mania / Rates Heading South, a Bit / Layoff Rumors and Actual Layoffs / Bad News for GSE ‘Recap and Release’?

January 6, 2017
Paul Muolo
With rates falling again, lenders may be rethinking any planned layoffs...
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