Short Takes: CitiMortgage Posts Highest HAMP Denial Rate / Luxor Cuts Stake in Altisource / CFPB Cracking Down on Timeshares? / Want to Buy a House? Move to the Midwest / Ty Kern Lands at Home Point July 29, 2015 Brandon Ivey and Paul Muolo “The question was a surprise to many investors and resulted in clients questioning whether a CFPB crackdown in the timeshare market was ahead,” writes Compass Point analyst Isaac Boltansky…Read More
Former GMAC Mortgage President Abreu Launches Retail/Wholesale Lender July 28, 2015 Paul Muolo Abreu ran GMAC from October 2009 to 2013. He then went to work for Ellington Management Group where he headed originations.Read More
Short Takes: Trump Mortgage an Operational ‘Train Wreck’? / Parkside Launches Non-QM Loan for Investors / What Would ‘Crush’ Housing? / mREIT Posts Strong Earnings July 28, 2015 Brandon Ivey, Paul Muolo, and Sherry Muolo Operational problems at Trump Financial? It's all history now...Read More
Short Takes: What, Donald Trump Had a Mortgage Company? / GradeMyBank? / A Lack of Risk Retention by JPM on New Jumbo Deal / Fix or Flip? The Answer: Flip / Earnings Gain for CoreLogic July 27, 2015 Brandon Ivey, Paul Muolo, and Sherry Muolo Donald Trump, a mortgage broker too?Read More
What We’re Hearing: CALCAP Working on $100 Million Fund for Non-Agency / The Changing Nature of ‘Fix and Flip’ / Altisource Lures Away Ginnie’s Man on the Hill / Not So Fast on Those GSE Raises / Improving Delinquencies Kill Another Business July 24, 2015 Paul Muolo Serious money continues to plow into non-agency mortgage lending. Meanwhile, Altisource hires Ginnie Mae's man on the hill...Read More
Short Takes: Some Details on LPMI Volume and Discounting / Happy Birthday to the CFPB and Dodd-Frank? / Do Mortgage Firms Need a Chief Risk Officer? / Annaly Gets a New CEO July 21, 2015 Paul Muolo and Thomas Ressler Happy birthday to the CFPB? Well, it all depends on which side of the mortgage table you sit on...Read More
Short Takes: More Wholesalers Entering the Market? / Expanding from VA to FL / Cerberus Unit Readies ‘Seasoned’ MBS / When on PHH? / W.J. Bradley Exec Jumps Ship for Home Point July 20, 2015 Brandon Ivey and Paul Muolo A unit of Cerberus Capital Management is preparing to issue a non-agency MBS backed by loans that have seasoned for an average of 8.9 years...Read More
What We’re Hearing: Is Non-QM Lending a Bust? / The Pathos of Ethos / TRID May Delay Loan Closings by How Many Days? / Telling the Truth on Loan Closings / A Record Year, So Far, for United Wholesale / Little League 1, the CFPB 0 July 17, 2015 Paul Muolo During the first six months of 2015 UWM funded $6.78 billion. “It was our best six months ever,” CEO Mat Ishbia told IMFnews...Read More
Ranieri’s Specialty Servicer Selene Gets New CEO: Pensabene from Bayview July 16, 2015 Paul Muolo Selene CEO and industry veteran Larry Litton is retiring. Years ago Litton launched Litton Loan Servicing, which he eventually sold to Goldman Sachs.Read More
Short Takes: More MSR Packages Hit the Market / Who Was at the First CSS Advisory Meeting? Wells Fargo and Others / New Home Sales Rise / Strong Earnings From MGIC July 16, 2015 Paul Muolo and Sherry Muolo CSS recently unveiled the trade groups that would participating in the IAG, but did not identify any individuals…Read More
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