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Short Takes: Banks Aren’t Touching Subprime / Bad News for Specialty Servicers: Delinquencies Stay Low / A Multiyear Low for FHA Late Payments / Time to Dream of an FHA Premium Cut? / Mortgage Broker Falls Short in House Bid

May 12, 2016
Paul Muolo and Brandon Ivey
Perhaps, the time is drawing near to once again raise the thorny issue of whether the Department of Housing and Urban Development should cut FHA premiums...
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Signs of Life in Mortgage Hiring; Quicken Looks to Fill 770 Positions

May 11, 2016
Paul Muolo
Mortgage brokerage firms added 200 workers during March. Employment in the sector now stands at 80,400 positions.
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Short Takes: Technology Vendors Still Not Getting it Right on TRID? / Remember What Cordray Said About LOS Firms? / Former Fannie Tech Exec Lands at Sindeo / PMI Gaining on FHA? / Muldering Advances at FHA

May 11, 2016
Paul Muolo and George Brooks
Recent studies suggest reduced pricing and declining costs have given conventional mortgages with private MI an edge over FHA in the battle for high-quality borrowers...
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PIMCO-owned FGMC Buys Assets of goodmortgage.com; Targets Fast Licensing Growth

May 10, 2016
Paul Muolo
goodmortgage.com will be operated as a division of FGMC and run as a “dba.”
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Short Takes: Suddenly, Plenty of Servicing Portfolios to Choose From / Will SoFi Be Around in 10 Years? / A Different Take on PHH / A Profit for Redwood / Hard Money for Pitbulls

May 9, 2016
Paul Muolo
Are P2P firms a fad?
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Lenders Push for House Vote on Bill Helping LOs Move From Banks to Nonbanks

May 5, 2016
Brandon Ivey
The Association of Mortgage Professionals, which represents mortgage brokers, said it believes the measure will dilute states’ rights to protect consumers.
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Short Takes: The New Mortgage Normal: Volatility / When Red Turns to Black / Citadel on a Hiring Spree / Stearns Gets a New CFO / Would Your Lending Shop Accept Private Flood Insurance?

May 5, 2016
Paul Muolo, George Brooks, and Carisa Chappell
Is the end near for servicing writedowns? Hedging marks?
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Lenders Pushing for House Vote on Bill Helping LOs Move From Banks to Nonbanks, Mortgage Brokers Raise Concerns

May 5, 2016
Lenders and mortgage brokers are at odds over a House bill that would make it easier for loan originators to leave jobs at depository institutions and go to work for nonbank lenders. The Mortgage Bankers Association is pushing for a vote in the House on H.R. 2121, the SAFE Transitional Licensing Act of 2015. The bill was approved by the House Financial Services Committee in March on a 56-0 vote. The unanimous bipartisan support for the bill was fairly rare and suggested strong prospects for the legislation to move forward. However, a vote in the House has yet...
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What We’re Hearing: When in Doubt, Copy the FHA / A Long List of Suspects / Was the TRID Mess Overblown? / Freddie is Safe / Bulk MSR Deals from IMA, MVSG / Arch MI Shines / MBA Backs Mortgage Broker Marc Savitt / Bill and Joe’s Excellent Salary Adventure

April 29, 2016
Paul Muolo
Was the TRID mess overblown? Tell that to all the mortgage firms that lost money on deals...
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Blackstone Continues to Expand its Mortgage Empire, Takes on Rincon

April 27, 2016
Paul Muolo
Blackstone continues to expand its presence in the mortgage industry on several fronts. In late January, it bought Interactive Mortgage Advisors, a Denver-based servicing advisory firm.
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