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What We’re Hearing: GOP May Push for Changes to Points-and-Fees Rule / The Freddie Mac ‘Loss’ Scenario / Freddie Goes Small / A Cut in FHA Premiums? Don’t Bet On It / Non-QM Third-Party Lender List Tops 25 / More Mortgage Job Cuts at JPM

November 7, 2014
Paul Muolo
So, there’s no chance at all that the GOP will be able to push through a Fannie Mae/Freddie Mac reform bill, right? Maybe, maybe not.
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GSE Reform in 2015? There May be No Warner of Corker-Warner; MI Outlook?

November 5, 2014
Paul Muolo and Charles Wisniowski
The mortgage insurance industry lost a key political ally with the reelection defeat of first-term Democratic incumbent Sen. Kay Hagan of North Carolina.
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FHFA Taps Former GMAC Executive to Lead Common Securitization Solutions

November 4, 2014
Charles Wisniowski
The FHFA has decided not to have a chairman for Common Securitization Solutions. Instead, the unit will be governed by a four-person "board of managers."
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Plenty of Lenders are Hiring Loan Officers, Mostly Nonbanks

November 4, 2014
Paul Muolo
Hiring top performers can cost a company in terms of salary and bonus pay, but many believe such hires are worth it because such LOs bring in a ton of volume.
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Short Takes: What is it With New York State? / UGI Posts Strong Earnings / Freddie’s Incredibly Shrinking REO / Ocwen Official Departs for LenderLive / Ohio Rules in Freddie’s Favor

November 4, 2014
Paul Muolo and Charles Wisniowski
When pressed further, Middleman noted that getting acquisitions approved in the Empire State can “take a long time”…
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Uncertain Future for GSEs Will Accelerate Turnover at the Mortgage Giants

November 3, 2014
Charles Wisniowski
Seu pointed to the steady “brain drain” of talent from Fannie Mae and Freddie Mac...
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What We’re Hearing: 40 Percent of Lenders May Disappear Via M&A? / Less Competition? / They’ll be Back / Benjamin Lawsky, a Nice Guy, Really / Provident Exiting Certain States?

October 31, 2014
Paul Muolo
One veteran mortgage trade group official, a staunch Republican no less, told us that Lawsky is an “honest and bright guy,” adding that he understands the issues.
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With Mortgage M&A On the Rise, Loan Officers Wonder: Should I Stay or Should I Go?

October 30, 2014
Paul Muolo
Once word leaks out that a mortgage company is a takeover target, many LOs start weighing their options, contacting competitors who tried to recruit them in the past.
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Pacific Union Financial Consolidates Wholesale Units, Some Layoffs Ensue

October 29, 2014
Paul Muolo
Roughly a month ago, ClearVision founder Jon Maddox announced his retirement to Pacific Union senior management.
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Short Takes: Redwood’s New Jumbo MBS Has Eight Non-QMs / MB Launches Sports Firm, Reveals Mortgage Earnings / Ellie Mae is Worth What? / FHFA Has a New Watchdog, Finally / Distressed RE Fund Raises a Bundle

October 29, 2014
Brandon Ivey, Paul Muolo, and Charles Wisniowski
Pacific Union Financial took in $100 million of profits. It’s not every day that a privately held nonbank tells the world what it’s earning…
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