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White House Will Meet with Lenders Over Mortgage Credit Access

September 15, 2014
George Brooks
The White House meeting is expected to touch on key lender issues, including credit overlays, government enforcement actions, regulatory burden and risk-based versus FHA pricing.
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Short Takes: New Jumbo Deal from Two Harbors / Investors Dumping Fannie and Freddie Stock? / GSE Plaintiff Hires Former Fannie CFO Howard / M&A for NYCB? / Want a Loan? Don’t Get Pregnant / Norcom Opens Another Branch in Connecticut

September 15, 2014
Brandon Ivey and Paul Muolo
Is it time to sell shares in Fannie Mae and Freddie Mac?
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What We're Hearing: A Mortgage M&A (Mini) Tidal Wave? / A Vendor Shakeup as Well? / 34 LOS Vendors? / It’s Hard Breaking Into Subservicing / Walter, the Best of the Three / The CFPB Wasn’t Even There!

September 12, 2014
Paul Muolo
The days of the megabanks – Wells Fargo, JPMorgan Chase and Bank of America – buying mortgage companies (of any size) are over. Never again. Right?...
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Industry Vet Willie Newman Establishes New Platform, Agrees to Buy $1 Billion-Plus Lender

September 11, 2014
Paul Muolo
“Our intention is to be a top tier lender,” said Newman.
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Short Takes: Altisource Unveils Broker Launch / If You Had Bought MGIC Stock Two Years Ago… / UGI and Other MIs Offer Rescission Relief / The ‘Jumbo Three’

September 11, 2014
Paul Muolo
Altisource Portfolio Solutions has rolled out a new operating platform for brokers, table funders and third-party vendors.
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Sen. Warren Grills Regulators Over Lack of Mortgage Banker Prosecutions

September 10, 2014
Thomas Ressler
Sen. Richard Shelby, R-AL, agreed with Warren’s criticism of the government’s failure to prosecute individual bankers, but he faulted the Department of Justice, not financial regulators...
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Short Takes: Nonbanks Rule in the Capital Category? / Don’t Even Ask About the Wells-Ocwen MSR Deal / Mortgage Applications Tank / Fannie and Freddie Beat the Tax Man / Cordray on HMDA

September 10, 2014
Paul Muolo, Thomas Ressler, and Charles Wisniowski
We understand that when stock analysts meet with Ocwen management, executives at the nonbank usually tell them to not even ask about the deal.
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Short Takes: GSE Reform is Dead, Right? / Sen. Warren Wants Wall Street Scalps / If There’s Hope, It Lies With HELOCs / Mortgage Master Continues to Recruit LOs

September 9, 2014
Paul Muolo, Thomas Ressler, and Charles Wisniowski
Roughly 25 percent of lenders said they hope to enter the home equity lending market over the next 12 months.
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Short Takes: CBO Calls ‘Johnson-Crapo’ a Financial Winner / Can the GOP Ram Thru a GSE Bill Next Year? / Radian Reports Strong MI Volume / Ellington Prices Shares / MBA Announces Realignment

September 8, 2014
Paul Muolo
One question we occasionally hear is this one: If the GOP this fall gains control of the Senate can’t they just push through a GSE reform bill and hope to override a presidential veto, if there is one?
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Mortgage Banking Employment Increased in July, but Brokers Cut Jobs

September 5, 2014
Paul Muolo
There are signs of life in mortgage hiring, depending on the job description. Firms looking to increase staff levels include the lending arm of Bayview Asset Management, Citadel Loan Servicing and Carrington Mortgage Services.
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