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More ‘Boomer’ Mortgage Executives Working Well Past Retirement Age?

December 23, 2015
Paul Muolo and Sherry Muolo
None of the executives interviewed by Inside Mortgage Trends could put hard numbers on how many executives have been sticking around the industry past 70 years of age, but none had a doubt that there were still plenty to be counted.
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Short Takes: How Many TRID Tech Updates? 99? / Ocwen Makes Another Payment / Rates Going Nowhere / Time for FHA Lenders to Use LEAP / Mortgage Exec Back With Guaranteed Rate

December 22, 2015
Paul Muolo, Sherry Muolo, and Thomas Ressler
At some lending shops, almost 100 TRID technology updates have been implemented...
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Short Takes: Don’t Let Your LOs Prepare TRID Disclosures? / LO ‘Scorecards’ on the Rise? / REIT Sub Gets FHLB Membership / CoreLogic Buys Vendor for $475 Million / A New Hire for Home Point

December 21, 2015
Brandon Ivey, Paul Muolo, and Sherry Muolo
We’re hearing more chatter of mortgage lenders starting a loan officer “scorecard” approach to grading their salesmen and women...
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What We’re Hearing: No Trouble or Big Maybe-Trouble for PHH? / The Key Bank Dilemma / Subprime Ready to Roar? / What’s a ‘Safe’ Level for Subprime? / Chronos in M&A Deal / TRID Fines of $5K Per Day Per Violation

December 18, 2015
Paul Muolo
Rod Alba of ABA offered up this sobering thought: for violating the TRID rule, lenders could be fined up to $5,000 per violation, per day.
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Short Takes: Angel Oak Nonprime MBS a Done Deal / GSE ‘Jump Start’ Moves Along / Time to End the GSE Profit Sweep? / MBA Continues to Stump for ‘Transitional’ LO License / Sage Bank Settles Lending Discrimination Charges / New Hires for Ranieri

December 16, 2015
Paul Muolo and Thomas Ressler
The CHLA is renewing its call for Treasury and the FHFA to amend the preferred stock purchase agreements once again, allowing the GSEs to build capital...
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Short Takes: New Employment Contracts for PennyMac Executives / Short Life, Fast Growth / Struggling Mortgage REIT Javelin Cuts Expenses / Fewer Houses Take a Swim / New Hires for loanDepot Affiliate

December 15, 2015
Brandon Ivey, Paul Muolo, and Sherry Muolo
By the way, 10 years ago, PennyMac didn’t even exist. Today, it ranks sixth among all residential lenders and 11th among servicers...
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Tom Wind Departs #30 Ranked EverBank for #5 Ranked U.S. Bank

December 11, 2015
Paul Muolo
During his career, Wind has held senior mortgage posts at not only JPM and EverBank, but Aurora Loan Services and Citicorp Mortgage.
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What We’re Hearing: The Largest, Post-Crash Subprime MBS To Date? / Angel Oak? / Beach Point Deal Ready / Credit Suisse Eyeing Subprime Entry? / $1,000 Appraisals? / And the New CEO of Lenders One Is… / Hoping for Credit Score Competition

December 11, 2015
Paul Muolo
This lender said finding good appraisers can sometimes be a challenge and predicted that eventually appraisals on such mortgages could cost upwards of $1,000…
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Don Henig, National Sales Director for a loanDepot Division, Departs

December 9, 2015
Paul Muolo
Over the past four years, Henig has recruited hundreds of retail loan officers for Mortgage Master, which was sold to loanDepot a year ago.
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Short Takes: Mid-sized Nonbank Open to Offers? / Purchase Lending Looking Up, Way Up / A Revision to the Purchase Number / Tighter Credit is Here / SFR Firm Hires COO

December 8, 2015
Paul Muolo and Sherry Muolo
Time to rejoice: purchase-lending could regularly top $1 trillion a year...
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