Short Takes: Jumbo MBS Ugly in 1Q16 / More TRID Nightmare Talk / CSS is Hiring / Marketplace Mortgage Continue Expansion / New Hires for WFG April 5, 2016 Paul Muolo and Brandon Ivey CSS, a joint venture of Fannie Mae and Freddie Mac, is hiring at its main site in Bethesda, MD, as well as its office in Pasadena, CA.Read More
Short Takes: 20 From WJB Land at Supreme / Bad Timing? / Joe Garrett Wants to Hold a CFPB Contest / The State of the TRID Scratch-and-Dent Market / GM&C Hires Former Fannie Mae Veteran April 4, 2016 Paul Muolo We also heard one report that earlier in the year a large production group from a competitor jumped ship and joined WJB in January.Read More
JPMorgan Cuts Back in Another Government Mortgage Program – RHS; Freedom the Buyer April 4, 2016 Paul Muolo A few years ago JPM stopped funding RHS mortgages through loan brokers.Read More
Mortgage Banking Jobs Take it on the Chin in February April 4, 2016 Paul Muolo Although BLS reported declines, recent interviews conducted by IMFnews suggest that some nondepositories are in a hiring mode this spring, especially for retail loan officers.Read More
What We’re Hearing: Cordray Caves, Issues Formal Guidance on TRID Errors / Is the CFPB In Over Its Skis? / WJB Mortgage Keeps Rincon Busy / Rep. Hensarling Promises the GOP Will Do Something About Dodd-Frank / Marketplace Home Mortgage Continues Expansion April 1, 2016 Paul Muolo How many more of W.J. Bradley's TRID-error loans will be sold in the scratch-and-dent market? Read More
Short Takes: NAR Keeping Congress Informed on the TRID Mess / No Sign of Mortgage Standards Easing? / The Customer Count for Two MI Firms / CMG Signs on with Global DMS / New Penn Hires Former BofA Official March 31, 2016 Paul Muolo and Brandon Ivey Can (and will) Congress act to fix the TRID mess?Read More
Another Shakeup at Redwood Trust: Nicholas Out as President; A Severance Charge That Could Top $4.5 Million March 28, 2016 Paul Muolo The REIT noted that Nicholas “led the team that built Redwood’s residential loan and capital markets platforms.”Read More
Short Takes: A Mortgage Giant Named Nimrick? / Keeping the GSEs ‘On Budget’ / Banking and Mortgage Deregulation? / Mortgage Executive Bolts Wells Fargo for Tech Vendor March 28, 2016 Paul Muolo Mortgage deregulation ahead? GOP presidential candidate Sen. Ted Cruz, R-TX, has tapped former Texas senator Phil Gramm as an economic advisor...Read More
In New Era of LO Comp, Nonbanks Have the Edge. Can Banks Even Compete? March 24, 2016 Thomas Ressler Employment and pay prospects are looking up for loan brokers as well.Read More
Short Takes: Freddie Continues to Unload NPLs / Lone Star Wins Again, Rushmore Too / SWBC in a Hiring Mode / The Search for a Home Starts Online March 24, 2016 Paul Muolo and Carisa Chappell SWBC is looking to hire 40-plus technology workers.Read More
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