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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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Short Takes: What it Takes to Survive the Mortgage Downturn: Scale / Whole Loan Sales or MBS, That is the Question / HomeStreet Dominates Redwood Deal / Ellie Mae Will Need a New General Counsel / Here Comes the Earnings Flood

July 8, 2014
Brandon Ivey, Paul Muolo, and Sherry Muolo
Will loan production in the second half surprise the naysayers? Will non-QM lending take off? Stay tuned...
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Short Takes: No CEO and president Needed for the Common Securitization Platform? / A Sweet Dividend for Investors in PennyMac / Is Home Building ‘Back’? Not So Fast / ABA Renews Strategic Alliance Deal With Freddie Mac

June 30, 2014
Paul Muolo and Charles Wisniowski
In case you haven’t noticed, many mortgage stocks are trading much closer to their 52-week lows than their highs.
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Bank of America Gives Pink Slips to 540 ‘Legacy’ Servicing Employees

June 27, 2014
Paul Muolo
The bloodletting in Bank of America's servicing division continued this month with the megabank giving pink slips to hundreds of workers.
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What We’re Hearing: A Spike in Demand for ‘Key’ Mortgage Talent / About Those M&A Deals… / ‘Significant’ MSR Auctions in the Works / Good CFPB News for Ocwen and Nationstar / Risk-Based Capital for Mortgage Insurance Firms? / Carrington Under Investigatio

June 27, 2014
Paul Muolo
We continue to hear plenty of talk about mortgage mergers and acquisitions with deal announcements likely to come between early July and late August.
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Short Takes: FHFA Moving Closer on a Risk-to-Capital Ratio for MI Firms? / Does Sterling Still Love Prospect Mortgage? / Delinquencies Hit a Multi-Year Low / Is the MSR ‘Trade’ Getting Old? / Pete Carroll’s New Director Job

June 26, 2014
Paul Muolo
What does the future hold for the hedge fund-owned Prospect Mortgage?
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Short Takes: Did Ocwen Off-Load Some Servicing to Cenlar? / Wholesalers Capping Broker Compensation at 2.2 Percent? / The Final Squeezing of the HARP Grapes? / A Kinder, Gentler CFPB?

June 25, 2014
Paul Muolo
We talked a handful of wholesalers and were told the figure is much lower – in the range of 2.2 percent to 2.5 percent. Broker-sourced loans account for less than 10 percent of all loans funded today,
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Does the Mortgage Industry Still Have Too Much Capacity? Will Looser Credit Help?

June 24, 2014
Paul Muolo
Will an increase in non-QM lending arrive in time to bolster the mortgage industry?
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Statebridge Names Former Seterus Executive Jay Memmott its New President

June 24, 2014
Paul Muolo
It is unclear exactly when Jay Memmott left Seterus.
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Short Takes: When Might the Ocwen-Wells Deal Clear? We Don’t Know / FSOC Voices Concern on Fast Growth of Nonbank Servicers / Lone Star Wins HUD Auction / Should Mortgage Vendors Worry Much About the CFPB?

June 23, 2014
Paul Muolo
The Financial Stability Oversight Council of the Treasury Department has its eye on the rapidly growing market presence of nonbank servicers such as Ocwen, Nationstar Mortgage and Walter Investment Management.
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