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What We’re Hearing: A Title Firm is Courting Allonhill / Clayton and Digital Risk Tops in Due Diligence? / Wells Fargo’s Presence in India / Mortgage M&A About to Explode? / The QRM Cop-out

August 30, 2013
A title insurance firm is taking a close look at due diligence provider Allonhill. Meanwhile, mergers and acquisitions in the residential finance industry could explode.
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A 30 Percent Drop in Mortgage Revenues for the Second Half?

August 29, 2013
Paul Muolo
Warehouse lending executives say they are seeing their nonbank clients earn less money this summer, but noted that profits are still strong by historical levels.
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Short Takes: Lower GSE Loan Limits Moving Closer? / All the World Loves the New QRM / Another GSE Shareholder Lawsuit / BofA Loses MBS Court Battle / Hard-Money Lender Gets Serious on MF

August 28, 2013
George Brooks, Paul Muolo, and Charles Wisniowski
FHFA has been analyzing approaches for reducing Fannie Mae and Freddie Mac loan limits across the country, "and any such change would be announced with adequate advance notice for implementation on January 1, 2014" the regulator said.
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Short Takes: The Reasoning Behind a 30 Percent QRM Downpayment / PrimeLending Gets a New President / The CFPB Isn’t All Bad? / Another CFPB Lawsuit Coming? / More Money to Bulldoze Homes in Motown

August 27, 2013
Paul Muolo
The FDIC will raise the question of a 30 percent downpayment but don't expect to see it in the final QRM rule.
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Short Takes: FHA Bears May Be Disappointed / HLSS Starts Road Show / First Valuation Cuts Workforce / Vacation Markets Could be Hammered by Flood Insurance Hikes / CFPB Loses Another Top Officer

August 26, 2013
Paul Muolo and Thomas Ressler
FHA is seeing its cash reserves increase more than expected. Meanwhile, yet another mortgage vendor is laying off workers.
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What We’re Hearing: Florida Capital Cuts Staff, Doesn’t Look Back / Is Wells Retreating From Mortgage Banking? / The Only Lenders Loosening Standards Are Credit Unions / Wanted: LOs with Strong Ties to Realtors, Builders / Fortress Hunts MSRs

August 23, 2013
Just how brutal will this mortgage correction be? One thing's for certain: loan officers with close ties to Realtors and builders will be golden.
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Wells Moves Closer to Large MSR Sale, Lays Off 2,300; LOs Spared

August 22, 2013
Paul Muolo
A spokesman for Wells Fargo told Inside Mortgage Finance that “most of the displacements were on the fulfillment/processing side” of the business and did not include loan officers.
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Short Takes: LoanDepot Chief Promises No Layoffs in Merger Deal / Hedge Funds Short PHH / Flagstar’s MSR Deal Not Quite Done / FDIC to Meet on Mortgage Risk Retention / Who Cares About GSE Reform?

August 22, 2013
When LoanDepot and imortgage.com merge don't expect any layoffs to occur. Meanwhile, speculators are shorting PHH's stock.
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Short Takes: Cerberus Eyes More Mortgage M&A / California Lenders Expand to East Coast / Altisource Buys Equator / CFPB Slams Nonbanks and Depositories for Poor Servicing Practices / CFPB Targets Morgan Drexen

August 21, 2013
Paul Muolo and Thomas Ressler
Cerberus Capital is contemplating purchasing additional mortgage banking firms. Meanwhile, the CFPB doesn't like what it sees in the servicing space when it comes to customer service.
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Short Takes: How Many Blown Dodd-Frank Deadlines Are There? / Chase Layoffs Hit San Ramon / Navy Federal Actually Cuts Rates / A Five-Percent Mortgage Soon? / CoreLogic Has Something for Servicers

August 20, 2013
Paul Muolo and Thomas Ressler
Okay, so banking regulators have blown multiple Dodd-Frank rule making deadlines. But for now the QM rule is on track. Right?
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