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Short Takes: More Servicing Deals on the Way? / Another Top Executive Departs Wingspan? / BofA Gaining on Wells? / Impac Gets a Line of Credit / Ex-Lenders One Chief Lands at Embrace

July 1, 2015
Paul Muolo, John Bancroft, and Brandon Ivey
Wells Fargo was the top seller to Freddie Mac in 2Q with $12.6 billion, according to newly compiled figures from Inside Mortgage Finance, but BofA was a somewhat close second...
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Big Pay Raises for Fannie and Freddie CEOs; How Does $4 Million a Year Sound?

July 1, 2015
Paul Muolo
A few years back, then FHFA Director Ed DeMarco cut the compensation of the CEOs as a response to lawmaker concerns.
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Short Takes: GSEs Hike LPMI Capital Requirements / Is LPMI Really Riskier? / The Trouble with Mortgage Co-ops and Free AU / Applications Wane / Hiring at NMI

July 1, 2015
Paul Muolo, John Bancroft, and Sherry Muolo
The Consumer Financial Protection Bureau also is reviewing LPMI, but from a different angle: RESPA and the "discounting" of such policies…
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Short Takes: So, Where’s the Rate Plunge? / MBS Prices? / CitiMortgage Fails a Servicing Metric / Pending Home Sales Bright / A New Hire for DocMagic

June 30, 2015
Paul Muolo, Brandon Ivey, and Sherry Muolo
With Greece ready to crack up, it was thought that mortgage rates might plunge. But it hasn't happened yet...
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Short Takes: A Killer Quarter for Fannie and Freddie? / A Shrinking Market: Bad Loans / Turn, Turn, Turn Times / Stonegate’s Third-Party Loan Portal / New Hires for Mortgage Network, Ellie Mae

June 29, 2015
Paul Muolo and Brandon Ivey
Why do loan turn times – application to closing – vary so much?
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What We’re Hearing: Lowering the Boom on LPMI? / Ex-Goldman Sachs MGDs In Love With Subprime? / Leaving Mortgages for Weed / PIMCO’s Non-Agency MBS Plans / Industry Vet Mike McMahon Retires

June 26, 2015
Paul Muolo
Former Goldman Sachs officials sure like the nonprime mortgage space. (It's all about yield.)
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Mortgage M&A: RoundPoint Buyer Walks; PMAC Employees Move to Blackstone, But Is It a ‘Sale’?

June 25, 2015
The sale of RoundPoint Mortgage Servicing has fallen apart with the bidder walking away from the table, according to industry advisors close to the transaction. Sources indicate that Tavistock Group, the owner of the nation’s 24th largest servicer, still has an interest in finding a buyer for the servicer/lender, but for now no deal is imminent. Tavistock bills itself as an international private-equity firm with a strong interest in finance, real estate and other sectors. The firm is headquartered in the Bahamas. An advisor close to the transaction declined...
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Short Takes: What Are Pingora’s MSRs Worth? / Bank of America’s ‘Dealmaker’ / Pingora’s Liquidity Machine / Fitch Goes Nice on Ocwen / SCOTUS Ruling Ugly for Lenders?

June 25, 2015
Paul Muolo and Brandon Ivey
Pingora's Michael Lau was a key person in Bank of America’s massive servicing sales three years ago…
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Short Takes: Baker Street Likes Walter / A Share Price Rebound / BKFS: Delinquencies and Foreclosures Rise / Another Departure at Flagstar / More Trouble for Wingspan

June 24, 2015
Paul Muolo and Sherry Muolo
Flagstar is losing its chief legal officer...
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Jeff McGuiness Stepping Down as Head of Lenders One Network

June 23, 2015
Paul Muolo
Dan Goldman, vice president of sales, has been selected as the interim leader of Lenders One.
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