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Short Takes: Mortgage Wholesaler Cuts Heads / Ocwen Hikes Retail LO Hires / Lost in Space: Cerberus Mortgage IPO / Mortgage Apps Take A Breather / MortgageIT Settles With HUD / New Chief for Clayton Holdings

November 6, 2013
George Brooks, Brandon Ivey, and Paul Muolo
An active mortgage wholesaler in California is letting account executives go. Stay tuned for details.
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Nationstar Mortgage Eyeing Change to Broker Channel?

November 5, 2013
Paul Muolo
One mortgage analyst who tracks the company said Nationstar is changing the way it “allocates capital” to certain of its business segments.
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What We’re Hearing: The Death of Mortgage Brokers / Is the Shine Off Nationstar, Ocwen and WAC? / Compliance Fears Feeding Mortgage M&A / Wells Settles with FHFA / Who is Rajan Nair? / (Tim) Howard’s End, Soon to be a Movie?

November 1, 2013
Paul Muolo
SunTrust to mortgage brokers: Drop Dead! Meanwhile, the inside scoop on the somber mood at the annual MBA show.
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Short Takes: The FHA MMI Audit Will be Late / Well, At Least Carrington Likes Wholesale / Structured Finance Trade Group Sees Membership Soar / Home Prices Continue to Rise: CoreLogic / The White House Will Keep Trying on Mel Watt for the FHFA Job

October 31, 2013
Brandon Ivey, Paul Muolo, and Charles Wisniowski
The audit of the FHA's MMI fund should be ready by Christmas, not Thanksgiving.
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CFPB Admits Data Breaches on Consumers Who Submitted Complaints

October 30, 2013
Thomas Ressler
Rep. Keith Rothfus, R-PA, brought the agency's breaches to the public’s attention during a hearing on CFPB reform legislation.
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White House and Senate Democrats Will Push Watt FHFA Nomination

October 29, 2013
Charles Wisniowski
“The president believes that Rep. Watt is the very best person to lead the agency at this important time for the housing market and our economy, and that having a confirmed FHFA director in place will help promote certainty for the housing industry,” said a White House spokesman.
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Short Takes: Ranieri: 680 FICO is the New 620 / Nonprime Lender Citadel is Hiring / Obamacare is Good for Mortgage Lenders / Fast Eddie and Fast Richie / FHA’s Galante Wants the 30-Year Mortgage to Live / Congress Eyes the CFPB Again

October 29, 2013
George Brooks, Paul Muolo, and Charles Wisniowski
Mortgage credit is not easing. Meanwhile: Why did the heads of the CFPB and FHFA cut and run at the MBA show?
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Short Takes: Vote on Watt to Head FHFA Gaining Momentum / MBA Annual Convention Attendance / Warehouse Lending Expansion? / MBA Leadership Lineup

October 28, 2013
Brandon Ivey, Paul Muolo, and Charles Wisniowski
The nomination of Rep. Mel Watt, D-NC, to replace current Federal Housing Finance Agency Acting Director Edward DeMarco may not dead after all.
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Focus on Leads, Not Interest Rates, to Increase Purchase-Mortgage Originations

October 25, 2013
Brandon Ivey
Garth Graham, head of Stratmor Group’s marketing strategy and execution practice, said lenders should use the leads and data they already have.
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What We’re Hearing: All Mortgage Roads Lead to Ed DeMarco / FHFA Kills GSE Pensions / Citigroup Selling Legacy MSRs / BofA’s Secret Plan to Bolster Purchase Loans / As for BofA’s Relations With Fannie… / Negative Home Equity on the Run

October 25, 2013
Paul Muolo
Is Ed DeMarco unimpressed with Fannie and Freddie's return to profitability? “…we should keep the recent reports of positive net income in perspective,” he told the audience of the Bipartisan Policy Center this week. “Much of it has been related to one-time adjustments..."
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