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Short Takes: Waiting on Doctor Carson (for HUD Secretary) / Wells Fargo Continues its Dominance in Two Channels / The Worth of GSE Common? / Watching the 10-Year / Moody’s on Primary Capital

November 28, 2016
Paul Muolo and Brandon Ivey
Is the 10-year bond in for a massive correction? Maybe, maybe not...
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U.S. Court Issues Injunction Blocking DOL’s Overtime Pay Rule

November 23, 2016
George Brooks
In a development of keen interest to mortgage loan officers, a federal judge in Texas this week granted states’ motion to block the Department of Labor’s controversial overtime pay final rule set to take effect on Dec. 1, 2016.
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Current Appraisal Regulations Outdated, Industry Needs Standardization, Modernization

November 17, 2016
Returning appraisal regulations back to the individual states would be counterproductive, according to James Park, executive director of the Appraisal Subcommittee of the Federal Financial Institutions Examination Council. Park and other experts spoke about the need for standardization and modernization at a hearing in the House Financial Services Committee this week. “Replacing the federal system with a state-based system would confuse, not streamline,” he said, noting that the “cornucopia” of statutes and guidelines are confusing and burdensome for everyone. Bill Garber, director of government and external relations at the Appraisal Institute, agreed...
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Mortgage Loan Officers Need to Adopt to Social Media

November 15, 2016
John Bancroft
Americans spend an average of 6 hours per day on social and mobile media, which has taken over television viewing.
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Short Takes: If Jeb Becomes Treasury Secretary is a GSE Settlement Possible? / Still Rising: The Share Price of Fannie and Freddie Common / IU to Discuss Risk Sharing / Housing Goal Misses / Another Name for the HUD Job

November 14, 2016
Paul Muolo and Carisa Chappell
Meanwhile, the share price of Fannie Mae/Freddie Mac common continues to rise...
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Trump’s HUD Secretary Pick Could be Brian Montgomery of The Collingwood Group

November 10, 2016
Paul Muolo
Another candidate for the HUD job is believed to be Pam Patenaude, president of the J. Ronald Terwilliger Foundation for Housing America’s Families.
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Short Takes: Don’t Look Now but GSE Share Prices are Soaring / Trump Understands the GSEs? / Really? / Advising Trump on Housing Issues Are… / PHH Posts Loss, Will Bolt the PLS Business

November 9, 2016
Paul Muolo
Thanks to Trump, speculators who bought GSE shares on Tuesday are cleaning up today...
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Short Takes: Negative Feelings on GSE Reform / Zero Capital is Not An Issue / GSE Subcommittee Chairman Garrett May be Vulnerable / Jumbo MBS Execution Improves / Stonegate Hires Ex-US Bank Official

November 8, 2016
Paul Muolo and Brandon Ivey
And roughly 24 percent of IMFnews viewers believe that reform of Fannie Mae and Freddie Mac likely won’t happen in their lifetime…
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Short Takes: A Decent Quarter for Stonegate? / A Move Toward TPO / FGMC Seeks LOs for Goodmortgage.com / Garrett’s Role in HomeBridge Deal / Freddie Prepares New HLS

November 7, 2016
Paul Muolo and Brandon Ivey
Not too long ago, Stonegate Mortgage began deemphasizing retail in favor of correspondent and wholesale...
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What We’re Hearing: Mortgage AEs Make How Much? / And is that Too Much? / Ocwen Bets its Future on Automation to Produce Loans / CEO Faris Says Ocwen is Not in Run-Off Mode / Skyline is Hiring / Trump’s Treasury Secretary and the GSEs?

November 4, 2016
Paul Muolo
Are mortgage account executives overpaid?
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