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Another Top Executive Departs Nationstar: Chief Compliance Officer Tankersley

July 30, 2014
Paul Muolo
Not only is Nationstar Mortgage one of the most shorted stocks in the sector, but it seems to be having quite a bit of turnover in the executive suite.
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Short Takes: Todd Rundgren Takes on JPM / Jumbo Production Jumps 37% at EverBank / HAMP Processing Slows – A Lot / FHFA’s Watt to Take HARP Road Show to Atlanta / More Executive Changes at Flagstar

July 30, 2014
Brandon Ivey, Paul Muolo, and Charles Wisniowski
Hello, It's Me Again: Your foreclosure notice.
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Will Bank of America Ever Mend Fences With Fannie Mae?

July 29, 2014
Paul Muolo
The Fannie-BofA squabble was tied to repurchase claims surrounding the bank’s legacy book of business, largely involving loans produced by Countrywide Financial and Merrill Lynch.
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Short Takes: Two Harbors Hits Market with a New Jumbo MBS / CFPB Targets Great Lakes Area Mortgage Lender / Happy (?) Third Birthday CFPB / Shorts Target Stonegate Mortgage / New Duties for BofA Mortgage Chief

July 29, 2014
Paul Muolo
Surprise: Two Harbors is preparing a new jumbo MBS deal. It looks like the bond will be issued in early August...
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Short Takes: A Kinder and Gentler FHA? / A Rapidly Improving MMIF? / CFPB and FTC Target Loan Modification Scammers / A Continuing Decline in Underwater Homes / MGIC CEO Culver to Retire

July 24, 2014
Paul Muolo, Sherry Muolo, and Thomas Ressler
Or perhaps the FHA is concerned that the private mortgage insurance industry will continue to gain market share at its expense?
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Signing Bonuses for Loan Officers: $20k to $30k, Or Even More

July 21, 2014
Sherry Muolo
A signing bonus for an LO sounds nice, but keep in mind that a lender has to find a way to pay for that bonus, which could result in an increase in pricing.
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Freedom Mortgage Hires Six New Executives

July 21, 2014
Paul Muolo
On the residential side, the top hire was David Firestone, who carries the title of vice president of financial operations.
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Short Takes: A $300,000 Signing Bonus for an LO? / PennyMac Files to ‘Resell Shares’ / DBRS Updates Non-Agency Criteria / ‘House of Cards’ Star to Speak at MBA / So Long Eric Billings

July 21, 2014
Brandon Ivey, Paul Muolo, Sherry Muolo, and Charles Wisniowski
Did someone really pay a $300,000 signing bonuses to a new LO?
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An Increase in Originations Could Mean More Mortgage Jobs

July 18, 2014
Sherry Muolo
Lenders are being careful about costs, but rising loan volumes could force some firms to hire, at least a little bit.
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What We’re Hearing: Is Our Mortgage Origination Estimate Crazy? / Good News from At Least One Warehouse Lender / Bullish on Non-QM Lending? / The FHFA MI Proposal is Out and the World Hasn’t Ended, Yet / As for Radian… / Frank Raines’ New Job

July 11, 2014
Paul Muolo
So, you doubt our 2Q origination estimate? Here’s what an executive from a top-five warehouse bank told us: “We’re experiencing a significant pick up in outstandings."
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